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Sunday, May 27, 2018

Samsung Heavy Industries News

Jürgen Kuntz  ((Photo credit: SAL Heavy Lift)

New Head of Asia Desk at SAL Heavy Lift

SAL has announced Jürgen Kuntz as its new Head of Asia Desk in Hamburg. Originally setting up the SAL office in Shanghai, Kuntz will continue to strengthen the Asia related business with his 15 year long experience from China, the company said. Kuntz started with SAL as a trainee in 1993. In 2001 he opened the first overseas office for SAL in Shanghai, this soon to be followed by a second office in Beijing. Having worked as General Manager for SAL in China for ten years, Jürgen decided in 2011 to seek new challenges with BBC Chartering in the Chinese market. Here Jürgen was

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

Tchang Named Managing Director of SAL Singapore

 SAL announced that Mischa Tchang has been hired as the new Managing Director for SAL Singapore.   Tchang brings to the role more than 15 years of experience in heavy lift shipping. With his years of experience in the heavy lift shipping industry, Tchang’s responsibilities are to strengthen and expand the SAL Singapore office, which includes maintaining and expanding key client relationships but also developing new business opportunities.   Tchang joined Jumbo Shipping in 2000 and continued there as a Regional Commercial Manager. He then worked for BigLift from 2008 until

Dennis Thomsen

Thomsen Joins Strategic Marine

work boats markets. He will be based out of Singapore. Dennis will be responsible for all wind vessel and European workboat related business development activities including strategic planning and market growth. He has experience in the offshore wind industry and joins Strategic Marine from Samsung Heavy Industry where he was the general manager, sales, in Europe for Offshore Wind Steel Foundation. He also held various senior roles in European companies with the primary focus on wind industry including Smulders Group and Vestas Towers. strategicmarine.co

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

Massive Layoff Ahead for Hyundai Heavy

that the company’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

(Photo: Mammoet)

Mammoet Expands in the Middle East

Dutch heavy lift specialist Mammoet said it has opened new branch offices in Oman and the United Arab Emirates, having seen an increase in projects across the Middle East. Mammoet has been operating in the Middle East for over 40 years and has already established a head office in Dubai. The company has now branched out and taken up residence in the Mussafah Industrial area in Abu Dhabi, and in Sohar, Oman, enabling Mammoet to provide more localized support and increase its offering of specialist services in engineered heavy lifting and transport across the region.

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

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

Hyundai Heavy Plummets to Worse Loss Ever

power plant contract won in 2013. Building power plants of that magnitude was another new business for Hyundai Heavy. The third-quarter loss at Hyundai Heavy, coming on top of its previous record loss of 1.1 trillion won in the second quarter, are in stark contrast to brighter times at Samsung Heavy Industries Co., the world's no.2 shipbuilder by output of ships measured by tonnage in 2013. Earlier this month Samsung Heavy reported an operating profit of 181.5 billion won in the third quarter. That was Samsung Heavy's second-straight quarterly profit since it set aside about 500 billion won

(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

Samsung Heavy Industries Replaces CEO

South Korea’s Samsung Heavy Industries named Joonou Nam as its new chief executive officer on Monday after Park Dae-young resigned to take responsibility for the firm’s losses.   The shipbuilder’s shares plunged last week as it forecast a fourth straight year of operating losses and announced a rights issue.   Nam previously oversaw Samsung Heavy’s shipyard in Geoje, South Korea.     (Reporting by Hyunjoo Jin and Joyce Lee; Editing by Stephen Coates)

Maersk Viking. Photo: Maersk Drilling

Maersk Drilling Axes Dozens of Staff

work for the next two months until their employment is terminated, according to the WARN notice.   The termination will likely be permanent unless the company secures a new contract for the Viking.   The Maersk Viking drillship was delivered to Maersk Drilling in February 2014 by Samsung Heavy Industries shipyard in Geoje-Si, South Korea.   Previously, the Maersk Viking was operating for Exxon Mobil Corp. on the Julia field in the U.S. Gulf of Mexico up until Dec. 2017, according to a company press release.  

Brian Kim

Northrop Grumman Appoints Kim

.S., South Korea and the United Arab Emirates. He joins Northrop Grumman after five years with Boeing Defense, Space and Security, where he was vice president of business development and country director for South Korea. Prior to that, he spent 20 years in the U.S. working for Korea Aerospace Industries, Samsung Aerospace and Hughes Aircraft Company. "Brian has a wealth of industry experience in the U.S. and South Korea, making him well-suited to lead Northrop Grumman's activities in this strategically important market," said David Perry, corporate vice president and chief global business developmen

Wage Negotiations Conclude at Hyundai Heavy

Hyundai Heavy Industries (HHI) announced today that its management and labor union concluded the negotiation on the wage and collective bargaining agreement for the year 2014.    According to the tentative agreement, HHI employees would receive a basic pay of 37,000 won, a 2 percent increase; a one-off bonus of two million won plus company shares equal to 150 percent of their pay; 10,000 won increase in their “job environment allowance”; 200,000 won gift card; 700% bonus as included in their ordinary wage and a special leave on February 23, 2015.    The tentative

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

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

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

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