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Korea Shipbuilders Take Firmer Stance on Business Ethics

SHI shipyard: Image courtesy of the shipbuilder

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


Black Sea Sees Shipbuilding Boom

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


Generator Manufacturer Installing puraDYN Systems

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


Korean Shipbuilder Considers Project in Khanh Hoa

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 Announces New Marketing Manager

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 Introduces Larger XL Charts

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.


Germanischer Lloyd Publishes New Rules for Materials

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


Two Bites of an Apple Disallowed

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 Announces New Warranty

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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


MHI Licenses Steering Gear and Deck Machinery to Jiangsu Masada

MHI deck machinery (Photo: MHI).

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


DPE is New Majority Shareholder in INTERSCHALT

One of the worlds largest containerships, CSCL Globe (19,224 TEU). Efficiently loading and unloading ships of such dimensions presents challenges to ports. With its StowMan[S] software, INTERSCHALT helps liner operators to plan container storage positions, shortening unloading times and increasing the usable shipping volume. As the new majority shareholder, DPE will help INTERSCHALT to implement its growth strategy. (Photo: Hasenpusch Photo)

Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider for navigation and communications equipment for ships as well as manufacturer of a Voyage Data Recorder


Conference to Delve into Hybrid Power & Propulsion

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The first international Hybrid Marine Power & Propulsion Conference will be held at the RNLI Lifeboat College, Poole UK from October 6-8, 2015.   Shock Mitigation will bring together an international group of experts, armed with the latest knowledge that will identify the potential


Jotun to Update Performance Guarantees

The 17 National Standardization Bodies represented on ISO’s Marine Environment Protection Sub-committee (ISO-TC8-SC2) has voted in favor of circulating ISO 19030 parts 1 and 2 as Draft International Standards. In anticipation of final approval of the standard expected next year


US Refiners' Group Wants Wide Debate on Oil Exports

The U.S. oil refining industry's association is not opposed to lifting the country's 40-year-old ban on crude exports as long as the move is part of a bigger effort to lower barriers to trade, the group's new head said on Tuesday.   "We're not opposed to lifting the export ban


Solstad Offshore Returns to Gibdock

Normand Pacific at Gibdock (Photo: Gibdock)

Gibraltar-based ship repair company Gibdock informs it has built up a close working relationship with Solstad Offshore, with a number of the Norwegian operator’s specialist offshore craft being repaired at the yard over the past few years


RWO Plots Its Strategy for CleanBallast

CleanBallast system (Image: RWO)

It’s been a difficult year in the ballast water market so far, says Bremen-based manufacturer RWO. Quite close to ratification, new regulations show up on the horizon, and old ones are put under discussion, piling the pressure on system requirements and manufacturers


Shear Stability: The Key to Proper EAL Gear Oil Selection

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Selection of gear oil for marine thrusters or a stern tube lubricant for use with propeller shaft bearings is often based on analyzing price/performance characteristics of the lubricant and its availability. Now with the implementation of the 2013 Vessel General Permit


Liebherr Cranes for Port Lafito

Photo: Port Lafito

  GB Group announced that Port Lafito welcomed the arrival of two new Liebherr LHM 420 mobile harbor cranes that are now fully operational. The cranes aim to boost efficiency and are the first of their kind in the Caribbean. The Liebherr cranes were selected by Port Lafito due to their


AAPA Praises Senate for Passing TPA - 2015

KURT J. NAGLE, President and Chief Executive Officer

  “The prosperity of the United States is inextricably entwined with that of the rest of the world and international trade agreements provide stability and equity enabling increased trade,” said American Association of Port Authorities (AAPA) President and CEO Kurt Nagle in


DSM Dyneema to Appeal Patent Case Ruling

DSM will appeal against a ruling by a judge in the Court of Milan that one of its Patents is not valid, the company announced in a press release today.   According to DSM, the court case dates back to 2009 and was brought by DSM against EOS


New Compact Ballast Water Filters Launched

Image: Filtersafe

Filtersafe announced the launch of its ‘Compact’ line of ballast water filters, a new range of self-cleaning filtration systems designed for use in vessels with limited space or for retrofit installations.    The new, single screen compact filters are designed to handle


US Senate Panel Approves Bill to Monitor Port Performance

A divided Senate Commerce Committee on Thursday approved legislation requiring the government to report on the performance of major U.S. port operations, including during labor contract talks.   The voice vote, which follows a nine-month slowdown at 29 West Coast ports


ABB: Top Innovator for Marine Industry

ABB team with the Innovation of the Year Award

  ABB, the leading power and automation technology group, has been awarded the Innovation of the Year Award for the recently introduced Azipod D electric propulsion product at the Electric & Hybrid Marine World Expo in Amsterdam, the Netherlands.  


COSCO Orders Navigation Systems for New Box Ships

Container ship Cosco Italy on the river Elbe with destination port Hamburg, 2014  (Copyright: Buonasera)

The German navigation system manufacturer Raytheon Anschütz announced new contracts for the delivery of Synapsis Integrated Navigation Systems (INS) to five 14,500TEU Container Vessels built at Hudong-Zhonghua Shipbuilding Co.Ltd.  


UK Seeks Maritime Dominance of Yore

S tidal turbine being transported to EMEC test site Image Rolls Royce WEB.jpg

“Britannia rules the waves” paid a glowing tribute to the maritime past of the United Kingdom.  Over the past three centuries as the sun began to set on the British power, resilient U.K. with its pioneering characteristics began its voyage of transformation to become a world-class






 
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