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Thursday, November 23, 2017

Mitsubishi Heavy Industries News

MFET Announces Changes in Executive-level Personnel

Mitsubishi Heavy Industries Forklift & Engine Turbocharger Holdings, Ltd. (MFET) has  announced the following executive-level personnel changes effective April 1, 2016.   Position, Name, Duties President and CEO Atsushi Maekawa Executive Vice President, Yuichi Makimura, Forklift truck (material handling equipment) business Executive Vice President, (part-time) Yoshiyuki Hanasawa, Engines & Turbochargers (Executive officer of Mitsubishi Heavy Industries, Ltd., Vice President of Energy & Environment domain) Director (part-time,) Hideaki Ninomiya

MHI Announces Executive-level Personnel Changes

Mitsubishi Heavy Industries, Ltd. (MHI) announced executive-level personnel changes effective January 31 and February 1, 2017.   Hiroshi Yokota, Senior Vice President, Head of Nagasaki Shipyard & Machinery Works, President of Mitsubishi Heavy Industries Shipbuilding Co., Ltd., will retire January 31, 2017.   Masao Miyazaki, currently Fellow, General Manager, Shipbuilding & Ocean Development Division of Commercial Aviation & Transportation Systems, will become Fellow, General Manager, Shipbuilding & Ocean Development Division of Commercial Aviation & Transportation

French Finance Minister Michel Sapin

France Expects Better GE Offer For Alstom

  France expects General Electric to boost its bid for Alstom's power unit in response to a potential joint offer from Siemens and Mitsubishi Heavy Industries, Finance Minister Michel Sapin said on Sunday. Siemens and Mitsubishi are putting the finishing touches on an offer for Alstom's turbine businesses, including a cash element of roughly 9 billion euros ($12.3 billion), according to sources close to the bidders. That compares with the U.S. conglomerate's existing offer of 12.4 billion euros ($16.9 billion) for all of Alstom's energy assets. "Mitsubishi forming an

MHI Targets Threefold Female Management Increase

Newly Set Target is Aimed to Promote Diversity of Human Resources. Mitsubishi Heavy Industries, Ltd. (MHI) has set a target to increase the number of the company's female managers (in positions of Section Manager and higher) threefold from the current level by 2020. This initiative is being taken in conjunction with MHI's pursuit of diversity management deemed necessary to further accelerate the company's global expansion and to make the leap to a highly profitable enterprise with a business scale of 5 trillion yen. Until now MHI has promoted the active participation of its female employees

France Picks: GE is the One for Alstom

France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company. Economy Minister Arnaud Montebourg said he had used a newly- created state decree to reject both of the existing offers as not being in France's strategic interest, and had formulated fresh demands to GE Chief Executive Jeff Immelt. The decision ended weeks of suspense surrounding one of Europe's fiercest industrial battles in years, but left

Another Mammoth Gas Ship Ordered for MHI

The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage. Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The LPG carrier on order is identical to a vessel ordered to MHI by Astomos Energy late last year. Completion and delivery of the ship are scheduled for the first half of 2016. The newly ordered LPG carrier will measure 230.0 meters (m) in length overall (LOA), 36.6m in width and 11.1m in draft, with gross tonnage of 48,300 tons (t)

Siemens May Cut Jobs in Power Turbine Business Overhaul

worldwide, of which 12,000 are based in Germany. Process Industries had about 45,000 employees last year. Analysts at Berenberg have said they expect that Siemens could ultimately seek to tackle the large gas turbine business by striking a joint venture with a sizeable player, such as Mitsubishi Heavy Industries. Siemens has already taken steps to break up its lumbering conglomerate structure, including merging its rail business with that of French rival Alstom and the listing of its healthcare business planned for next year. According to Manager Magazin, management will present the restructuring

Shunichi Miyanaga (Photo: MHI)

MHI Welcomrd New Employees

Mitsubishi Heavy Industries, Ltd. (MHI) held a ceremony  at Shinagawa Intercity Hall in Tokyo to formally welcome new employees joining the company this year.   President and CEO Shunichi Miyanaga addressed the new recruits, about to begin new lives as productive members of society, both as head of one of Japan's leading manufacturing companies and, on a more personal level, as an experienced participant in society. He indicated how they should prepare themselves to serve as MHI employees and expressed his high hopes and strong expectations for their future achievements.   

BHP Billiton Opens Caval Ridge Metallurgical Coal Mine in Central Queensland

BHP Bullish on Caval Ridge's Prospects

  Yesterday BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Tony Abbott MP, Prime Minister of Australia, and joint venture partner Mitsubishi in a ceremony to open the US$3.4 billion Caval Ridge Mine, which has created around 500 jobs in Queensland. Caval Ridge Mine is the BHP Billiton Mitsubishi Alliance’s (BMA)1 eighth operation in the region and will initially produce up to 5.5 million tonnes per annum of premium quality metallurgical coal. The mine was delivered below budget, and produced its first coal three months ahead of schedule. Mr Dalla Valle said the

(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: Laborde Products

Laborde Hosts Mitsubishi Training Seminar

Laborde Products hosted a three-day Mitsubishi engine training sminar in Covington, Louisiana for its North American dealers. The company welcomed representatives from all over the continent: Boatswains Locker, Mack Boring & Parts Company, Inc., Sansom Equipment Limited, Frontier Power and Hatton Marine all had participants in attendance, and Ted Hahn, vice president of Mitsubishi Engine North America also came to the seminar. Literature packets, including engine specification sheets and technical drawings were given to all training participants. Discussion topics included installation

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

Massive Layoff Ahead for Hyundai Heavy

 Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources.   Hyundai Heavy Industries plans for large layoffs amid a prolonged recession in the global shipbuilding sector and the government’s move to restructure the ailing industry.    Over the past few weeks, the troubled world’s No. 1 shipbuilder is rumored to be planning an additional cut of 3,000 employees -- most likely from its production line -- in the form of voluntary

A HHI-built LNG Carrier. (Source: HHI)

Hyundai Heavy Plummets to Worse Loss Ever

South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of $1.8 billion and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders. Hyundai Heavy said on Thursday it slumped to an operating loss of 1.93 trillion won ($1.83 billion) in the third quarter, from a 222.4 billion won profit a year earlier, as it soaked up rising costs caused by delays in building new types of ship in which it had little previous expertise. It expects an operating

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

Henry Woo (Photo: HANSA HEAVY LIFT)

Woo to Head HANSA HEAVY LIFT’s APAC Division

Henry Woo has been appointed to head up the Asia-Pacific (APAC) division at HANSA HEAVY LIFT, taking over from Joerg Roehl.   Woo, who will be based at the shipping line’s Asia headquarters in Singapore, has two decades of experience in the supply chain and shipping industry, including senior roles with BBC Chartering, DHL Global Forwarding Management and DB Schenker, where he helped build teams in the region.   Roehl, who was part of the company’s founding management team, decided to move back to Europe after almost six years with the organization. He will remain in close

Image: Hyundai Shipbuilding Division

Hyundai Merges Offshore and Plant Divisions

 To improve efficiency Korea’s Hyundai Heavy Industries (HHI) announced its intention to merge its plant division into the offshore business. The world's biggest shipbuilder said that they will take place after current projects are completed.  HHI has been hit by its first strikes in 20 years over pay and it has already closed and combined a number of units as it seeks to turn around losses.   The shipbuilder is also planning to seek voluntary retirement for 1,500 workers among its 28,000 staff as part of its more cost-cutting measures to boost its fortunes.   The

Martin Kenney (Photo: GAC)

GAC UK Appoints Chartering & Project Manager

GAC UK informs it is expanding its services for the heavy lift and project forwarding sector with the appointment of industry specialist Martin Kenney as Chartering & Project Manager.   A ship broker and agent for 27 years working with heavy lift carriers such as BigLift, Rolldock, Jumbo and CPC, Kenney has managed turnkey projects worldwide including multimodal contracts to China, Russia, Argentina, Brazil, Iraq, Saudi Arabia, Pakistan and Algeria. For the last seven years, Kenney has managed his own company, Project Navigation.   He is the latest addition to GAC UK’s

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