Korea’s big three shipbuilders are committed to making a fresh start with regard to business ethics in 2014 after getting hit with bribery scandals in 2013, reports the Korea Joong Ang Daily. According to the Korea Joong Ang Daily, Hyundai Heavy Industries, the nation’s largest ship manufacturer, held an “ethics management resolution” event recently at its headquarters in Ulsan during a management strategy seminar. HHI Chairman Lee Jae-sung and more than 150 high-ranking executives, including CEOs from affiliates, signed a pledge to pursue ethical management. The Ulsan District Prosecutors’ Office announced it detained twelve former employees of HHI for taking bribes from suppliers, while three employees of HHI suppliers were also arrested. They believed that the HHI employees received about 3.6 billion won ($3.3 million) from suppliers since 2007. Some employees received bribes through family members’ bank accounts and even through the account of a bar waitress. Korea's Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries have also taken measures to prevent bribery and corruption add the newspaper. Source: Korea Joong Ang Daily
According to Today's Zahman, Black Sea sees shipbuilding boom, Mediterranean springs a leak More than 90 percent of world trade is conducted through sea shipping, making shipbuilding one of the fastest growing industries in the recent boom in global trade, which has grown on average by more than 5 percent annually. As a natural consequence of Turkey being a peninsula located at a strategically central position close to many wealthy European markets
puraDYN Filter Technologies Inc. announced that one of the largest manufacturers of medium-size power generators (gen-sets) in the world has elected to install puraDYN® systems on their worldwide production of generators. Shipments to this manufacturer in 2002 have exceeded $350,000. Kevin G. Kroger, puraDYN's President and COO, said, “This recent decision to install our systems came after extensive testing which proved that the puraDYN helped this manufacturer safely extend the oil
A South Korean ship manufacturer is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa that should be able to build giant vessels of up to 400,000 DWT, a local official said. A source from the provincial Service of Planning and Investment said South Korea’s STX Shipbuilding Co., a member of STX Group, has proposed to develop a shipyard costing $500m at Van Phong Bay. The proposal has received preliminary support from the provincial
Chemline Incorporated announces the appointment of John Henningsen as Brand Marketing Manager for the industrial coating and resin manufacturer. He will oversee the day-to-day operation of the company's strategic and tactical marketing programs, web site development, public relations and international product expansion. Over the past 15 years, John has worked for several advertising agencies, as well as coating manufacturers such as Futura Coatings, Specialty Products and Volatile Free
Navionics, a manufacturer of marine electronic charts, announced the relesase of an entirely new productline, called the XL charts, which consists of larger charts at reduced prices. The new XL charts typically have three times the coverage at a third less the price, compared to the previous product. Navionics charts are used in many popular chart plotters from prominent instrument manufacturers like Furuno, Lowrance, Northstar, Raymarine, Raymarine and others.
A panel of National Security experts released a report concluding that the United States seaports, among other things, are still vulnerable to a major terrorist attack. While this may be true, since over 200 million containers move through top American seaports annually and only a small number of ships and containers are actually inspected, the industry seems to be responding positively to the war on terrorism. Over 750 importers and transportation providers (Ocean, air
The revised and expanded Rules for Materials and Components of Germanischer Lloyd are now available. The Rules define the properties of various metallic materials and lay down the requirements for the production processes and the manufacturers. The prerequisites and conditions for the corresponding approvals are also stipulated. For the manufacturers and suppliers of materials and components intended for use on GL-classed ships, the Rules of Germanischer Lloyd form an essential prerequisite
In an unpublished decision, the U.S. Court of Appeals for the Fifth Circuit ruled that a plaintiff may not bring separate actions against different parties based on the same nucleus of operative facts. In the instant case, plaintiff was injured when thrown from a boat. He sued the manufacturer of the outboard motor, the manufacturer of the boat, the retailer of the boat and motor, the boat owner/operator, and the insurance company of the owner/operator
Evans Cooling Systems, the developer of the world’s only waterless engine coolant, has released its new Limited Warranty Statement. Evans is confident in its products and stands behind every gallon of coolant it sells. Using Evans waterless coolants will not affect the manufacturer’s warranty. Limited Warranty If you install Evans Waterless Coolants in accordance with the appropriate instructions, and engine damage occurs
Special fields of application such as maritime environments pose extreme working conditions for IT devices. A challenge faced by KVM manufacturer Guntermann & Drunck who optimized their products for the use in maritime applications: ship bridges, control rooms
Mainzer Straße 99, 56322 Spay Rhein, Germany Telephone: 49 2628 610 E-mail: firstname.lastname@example.org Website: www.schottel.de CEO Scottel GmbH: Dr.-Ing. Gerhard Jensen Number of Employees: 1,950 + The Company: The Schottel Group, with its headquarters in Spay/Rhine
Golden Becker Mewis Duct at SMM 2014 claims its top-selling product has already cut CO2 by 900,000 tonnes to date. A golden Becker Mewis Duct with a large '750“ in the middle will be one of SMM 2014’s “head-turners” says the manufacturer.
September 2014 marks the 110th anniversary of ESAB Welding & Cutting Products. A world leader in welding and cutting technology, with the broadest, most complete line of products and solutions for industry, ESAB’s reach extends to almost every nation in the world, with more than 8
Bestobell Marine has recently secured its first order to supply its brand new range of cryogenic high pressure Globe valves to DSME (Daewoo Shipbuilding & Marine Engineering Co Ltd) in South Korea. The innovative new valves have been developed over the past two years
ABS has announced the launch of its Ballast Water Management Systems (BWMS) Selection Service to assist designers, shipyards, owners and operators in selecting the solution suited to the unique needs of each vessel. "As the maritime industry continues to adjust to the regulatory landscape
Global marine lubricant provider Total Lubmarine has introduced TALUSIA LS 25, a low alkaline lubricant specifically designed for slow speed two stroke engines running distillate fuels with 0.1% sulphur content. The move comes as the shipping industry adapts to comply with the European 0
Gaztransport & Technigaz (GTT) announced today that it has received approval in principle (AIP) from Bureau Veritas for its bunker mast design, REACH4, (Refueling Equipment Arm, Methane (CH4)). The use of liquefied natural gas (LNG) as a fuel for all types of transport vessels is evolving
4420 14th Ave. NW Seattle, WA 98107 Telephone: 206 789 3880 E-mail: email@example.com Website: www.northern-lights.com CEO/President: Sam Hill Number of Employees: 68 The Company: Founded in 1958, Northern Lights manufactures marine power generation
It is no secret that the Spanish shipbuilding sector has hit on hard times, particularly in the big ship sector where much of the commercial business has evolved to lower cost manufacturers in the Far East. But considering that Navantia has a 300-year history
American Crane & Equipment Corporation, an Eastern Pennsylvania based manufacturer of overhead electric cranes and hoist says it has appointed Karen Norheim, formerly Vice President of Marketing and Information Technology, as Executive Vice President.
Crowley Maritime Corp. informs that its subsidiary Carib Energy LLC has been granted a 20-year, small-scale U.S. Department of Energy (DOE) export license for the supply, transportation and distribution of U.S.-sourced liquefied natural gas (LNG) into Non-Free Trade Agreement (NTFA) countries in
The fourth Russian-Japanese seminar Development of Cooperation in Shipbuilding and Ship Repair, organized by Russian Maritime Register of Shipping (RS) and the Japan Ship Machinery & Equipment Association (JSMEA), was held September 4-5 in St. Petersburg.
A total of 22 bulk carriers, being built by Yangzhou Guoyu Shipbuilding Co. Ltd in China for Singapore based Pioneer Marine, will feature Wärtsilä Ballast Water Management Systems (BWMS). The Wärtsilä systems will enable the vessels to comply fully with the IMO's ballast water
One PPG Place Pittsburgh, PA 15272 Tel: (412) 492-5200 Email: Marielle.VANDERLINDEN@ppg.com Website: firstname.lastname@example.org Executive Vice President: Viktor R. Sekmakas Vice President: Timothy M. Knavish The Company: PPG Industries, Inc