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.
Driven by the SOLAS-mandated transition to ECDIS, the adoption of digital navigation is the most visible sign of how navigational practices are being transformed. Additional tools are also playing an important role in supporting bridge teams and delivering accurate navigational information to the
Autonomous ships, smart on-board systems: At the Maritime Future Summit on September 5, industry leaders will discuss the future of shipping. For the first time SMM hosts a conference dedicated to digital shipping. Cyber Ships: What may sound like a word from a science fiction novel to
The shipbuilding group STX France has offloaded its Lorient shipyard to a naval consortium. The shipyard, which has produced civil and naval vessels, will be purchased by Kership, a joint venture between French industrial shipbuilder Piriou and naval manufacturer DCNS.
SAFE Boats International (SBI), a manufacturer of aluminum boats located in Bremerton, Wash., has completed the first Coastal Interceptor Vessel (CIV) on contract from U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO).
A manufacturer of two-stroke engines has agreed to validation tests of an Alfa Laval hydraulic control oil (HCO) filter . The approval to test the final HCO filter design comes after concept testing on the crude oil tanker Stena Suède.
Aydin Marine – the manufacturer of industry-leading, type-approved displays, computers and peripherals, announced today the release of a 17-inch multi-touch, sunlight-readable display in its popular KMGBL series of pilothouse and flybridge displays, the KMGBL-17T.
The Fitch Fuel Catalyst improves fuel efficiency by 5-12 percent, reducing pollutants and paying for itself many times over. According to the manufacturer, Advanced Power Systems Int’l, these benefits are being experienced by many hundreds of commercial ships and vessels operating
Winterthur Gas & Diesel (WinGD) and its two-stroke engine manufacturer Hyundai Heavy Industries - Engine & Machinery Division (HHI-EMD) announced the successful testing and delivery of their first IMO Tier III compliant Wärtsilä X72 diesel engine.
A recent JRC report finds that fuels like liquefied natural gas (LNG) and methanol are the most promising alternatives to drive decarbonisation of the shipping sector and ultimately contribute to the fight against climate change.
Neda Maritime Agency, a Greek tanker and bulker owner, has reportedly become the world’s first ship owner to be awarded carbon credits through a methodology developed by AkzoNobel’s Marine Coatings business. A total of 13,375 carbon credits, potentially worth around $60
Crew transfer vessel operators using the new Voith Linear Jet (VLJ) marine propulsion system can save over £75,000 in fuel costs in a season, the manufacturer claims. The cost saving, around 20 percent, is a key figure from the collection of extensive data from four months’
Overhead crane and hoist manufacturer Ace World Companies has made its first appearance at the Inland Marine Expo, which took place for the third time this May at America’s Center Convention Complex in St. Louis, Missouri, on the banks of the Mississippi River.
Manufacturer of specialty lubricants Klüber Lubrication has introduced Klüberbio LG 39-701 N, an eco-compatible operating lubricant for open gear drives used in marine applications. Klüberbio LG 39-701 N is specifically designed for manufacturers and operators of open gear
It is common practice to inspect marine propellers to ensure the manufactured product meets the thickness and pitch specified by the design. PropCad Premium now introduces a tool for propeller builders and manufacturers - Inspection Maps, which allows users to create customized layout templates
Norsafe will be showing a comprehensive range of its renowned safety craft at Posidonia, June 6 to 10th 2016 at stand 420, hall 3. Exhibiting in partnership with its Greek agent, Intra Mare, the Norwegian based manufacturer together with its Greek subsidiary Norsafe Watercraft Hellas will be