Maeil Business Newspaper reports that South Korea’s big three shipbuilders will be facing a challenging year ahead of them due to the extra pressure put on the offshore plant sector, affecting its business performance. It is said that as oil refiners are reluctant to place new orders due to high volatility of oil prices, it is increasingly difficult to get offshore plant orders.
Hyundai Heavy Industries, South Korea’s largest shipbuilder, will suspend work at its offshore facilities shipyard in August, amid lack of orders, according to an official announcement by the company’s President and CEO, Kang Hwan-goo. The offshore yard will not operate until orders come back.
Career Paths: Jukka Merenluoto, ONE SEA - Autonomous Maritime Ecosystem18/09/2020
Career Paths: Paivi Haikkola, One Sea Ecosystem18/09/2020
- Loss Prevention
New CTU Code guide to assist in safe container packing18/09/2020
Hurtigruten cancels all cruises due to COVID-1918/09/2020
- Maritime Health
Maintaining self-distancing onboard18/09/2020
COVID-19 labor violations see dead captain placed in freezer until vessel calls port18/09/2020
IMO, UNCTAD issue joint statement on COVID-19 recovery18/09/2020
Bill proposed in the US to resume cruise lines operation18/09/2020
- Maritime Knowledge
How industry tackles enclosed space entry on board ships18/09/2020
France provides 30 million euros to help ferry sector18/09/2020