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
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.
INTERSCHALT maritime systems AG, the provider of maritime software, services and systems for navigation and communications systems (NavCom) and manufacturer of Voyage Data Recorder (VDR) systems, announced that its new generation VDR G4[e] has been type approved by the China Classification Society (CCS), effective July 1, 2015. By granting the type approval, CCS certifies that the VDR G4[e] complies with the international regulations and performance standards of IMO Resolution MSC
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
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
Tokyo - Mitsubishi Heavy Industries Ltd. (MHI) has signed an agreement with Jiangsu Masada Heavy Industries Co Ltd., in Jiangsu Province, China, under which MHI is to license production and marketing of steering gears and deck machinery, based on company technology to Jiangsu Masada. Previously, in 2008, MHI licensed deck crane technology to Jiangsu Masada - then known as Nantong Masada Ship Machinery Co. Ltd. With the latest licensing agreement
December 2015 orders covering the whole range SCHOTTEL, a manufacturer of propulsion and steering systems for ships and offshore applications, reports it has entered into 2016 with a bag full of new orders. The December orders underpin again the role the German manufacturer plays in the tug market. SCHOTTEL closed 2015 with eight orders for ASD tugs and a Rotor Tug with bollard pulls from 50 to 80 tons.
What is an EAL? Environmentally Acceptable Lubricants (EALs) are defined by the EPA as offering these three characteristics. First, they must be “biodegradable” - biodegrading into carbon dioxide and water by ≥ 60% or more within 28 days (according to OECD 301B or ASTM D7373
A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn.
“Closer to you” is the motto, under which Klüber Lubrication will be presenting its latest environmentally acceptable lubricants (EALs) for ships and offshore installations at the SMM 2016. According to the manufacturer
The Company: Scienco/FAST is an original equipment manufacturer specializing in marine sewage devices, environmentally-friendly cleaners and other industrial water management technologies. These MSDs treat sewage and ensure compliance with ever-changing regulations
RSC Bio Solutions, a global leader in environmentally acceptable lubricants and cleaners, is launching a public service campaign, Every Spill Matters. Even with the best maintenance practices and safety protocols in place, vehicles will leak, drips will develop
Cathelco will provide a marine growth prevention system (MGPS) for the latest in a series of jack-up drilling rigs to be built by Lamprell, the UAE based leading provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and renewable energy
Retlif Testing Laboratories, a global independent EMC and Environmental testing leader serving the maritime industry since 1978, has announced the appointment of Scott Poggi, as Director of Operations. In his new position as Director of Operations
Kohler Power Systems, manufacturer of diesel and gasoline marine generators for pleasure and commercial craft applications, announced the availability of its new single- and three-phase Tier 3 marine diesel generators. The company’s 14-24EKOZD/12-20
The Company: Klüber Lubrication is one of the world’s leading manufacturers of specialty lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide. Most products are developed and made to specific customer requirements
Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded propulsion arrangements in order to provide shipowners with a better understanding of the two very different propulsion configurations.
Marine communications specialist Ocean Signal and VDR manufacturer AMI Marine will introduce a new float-free EPIRB with integrated voyage data recorder (VDR) memory capsule at this year’s SMM in Hamburg. The Ocean Signal E101V provides a reliable and innovative solution for commercial
When the Republic of Panama needed lifts for a pair of its service boats, it turned to Golden Boat Lifts for the supply of two custom-designed 7,000 lb. capacity Golden Elevator Lifts for use in the Panama Canal. According to Golden Boat Lifts
India has began multiple investigations to determine the extent of damage caused by the reported massive leak of secret data detailing the combat and stealth capabilities of the Indian Navy’s soon-to-be-inducted Scorpene submarines.
British luxury motor yacht manufacturer, Fairline Yachts, announces Robert Hammond as its new International Sales Manager. Robert will be responsible for Fairline's global sales operations and managing its worldwide dealer network. A former military pilot, Robert
The Company: The company provides marine organizations, boat builders and equipment manufacturers with relevant subject matter expertise plus an independent overview of how this sector is rapidly changing. For OEM boat builders and equipment manufacturers