Maritime Jobs
Sunday, December 9, 2018

Daewoo Shipbuilding Marine News

(Photo courtesy Damen)

Damen Buys shares in Daewoo Mangalia Heavy Industries

Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for the acquisition of its majority share in Daewoo Mangalia Heavy Industries (DMHI).    The Daewoo shipyard in Mangalia, Romania was established in 1997 as a joint venture between Daewoo and 2 Mai Mangalia Shipyard with Daewoo as majority shareholder.    With the acquisition of the majority share in the shipyard in Mangalia, Damen takes the next step in strengthening its international shipbuilding and ship repair activities. The Mangalia shipyard is

Photo: Hyundai Heavy Industries

5K Workers Lose Jobs in Korean Shipyards

 According to a report by Korea Economic Daily the number of workers who left Korea's top-three shipbuilding companies - Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering - in the first half of this year is estimated at around 5,000.   As the shipbuilding industry was hit by global oversupply and lack of demand the country’s shipyards were forced to decrease their workforce as they launched drastic restructuring measures in an effort to return to liquidity.   As a result of the shipyards' top-to-bottom restructuring, caused by

Photo: Hyundai Merchant Marine

HMM May Hire Foreign CEO for Revival

Shipping Company may be chosen to head the company. The world's two largest container shippers are members of the 2M vessel-sharing alliance, which HMM managed to sign a preliminary deal to join last week.   The KDB is already suffering criticism for "unsuccessful" appointments at Daewoo Shipbuilding & Marine Engineering, as its selections parachuted into the shipbuilder failed to contain the company's debacle.   HMM’s current controlling shareholder Hyundai Group will see its 22.64 percent stake, held jointly by group chairwoman Hyun Jeong-eun, Hyundai Elevator

Photo: Hyundai Heavy Industries Co., Ltd. (HHI)

Massive Layoff Ahead for Hyundai Heavy

;s spokesperson denied rumors of an imminent layoff plan, but said, “We are considering diverse ways to streamline the business although nothing has been confirmed.”   The speculation came as Hyundai Heavy -- along with two other shipbuilding giants Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering -- has continued to see weak ship orders in the sluggish shipbuilding market globally.    Meanwhile workers at shipyards of Hyundai Heavy Industries, located in Ulsan, South Gyeongsang Province, raised concerns over a possible massive layoff on Friday

APT 1 Start of Construction Ceremony

Ceremony Marks the Construction of 5 American Tankers

a great opportunity to create hundreds of jobs in our burgeoning blue-tech industry,” Mayor Faulconer said. “By adding these good-paying jobs, NASSCO expands its role as a pillar of San Diego’s defense and innovation economies.” The ships were designed by DSEC, a subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) of Busan, South Korea, and will include improved fuel efficiency through several features, including a G-series MAN ME slow-speed main engine and an optimized hull form. The tankers will also have dual-fuel-capable auxiliary engines and the ability to

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