Maritime Jobs
Wednesday, February 21, 2018

Samsung Heavy Industries News

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: 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

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.  

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

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

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

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

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

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

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

WMI TETA training  (Photo: SMOU)

SSG, MPA and Maritime Union to Inject $12.6 mln in Training

The Singapore maritime industry looks well-positioned for the future, with strong support from SkillsFuture Singapore (SSG), the Maritime and Port Authority of Singapore (MPA), and Singapore Maritime Officers’ Union (SMOU) in the form of continued funding for the Tripartite Nautical and Engineering Training Award (TNTA & TETA) Programs worth S$12.6 million.   The TNTA and TETA programs will receive funding support from SSG, MPA and SMOU.  The two cadet training programs are recognized as key opportunities for Singaporeans to develop themselves to the fullest potential through

HHIC-Phil’s Subic Shipyard

Philippines' Subic Shipyard books $5B in Sales

Hanjin Heavy Industries is trying hard to retain its leadership by reviving the shipyard in Subic Bay, the Philippines. Since running at full capacity in 2009, the Subic Shipyard has won orders continuously, surpassing $5 billion dollars in sales in 5 years   HHIC-Phil’s Subic Shipyard is the largest shipyard in the Philippines with 300 ha in total area, which opened in Subic Bay in 2009. In just five years, the company reached US 5 billion dollars in sales and strengthened its leading position in the Philippines, says a company press release. In five years it  was able to strengthen

Photo: Rigmarine

Rigmarine Opens Aberdeen Facility

Lifting and marine product specialist Rigmarine has opened its fourth global facility in the rural village of Insch, 30 miles to the northwest of Aberdeen, Scotland. The site, strategically positioned to serve the offshore oil and gas, renewables, construction, break bulk, shipping and marine industries, joins other Rigmarine locations in Baku, Azerbaijan; Aktau, Kazakhstan; and Sharjah, UAE. As part of the Gaylin Group, this is the 10th international hub alongside others in Singapore, Korea, Malaysia, Vietnam, China and Indonesia. Mike Duncan, managing director of the Gaylin Group of companies

Caterpillar CEO to Retire, Successor a Company Veteran

Caterpillar Inc insider Jim Umpleby will become chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump.   He replaces Doug Oberhelman, who will retire as CEO on Dec. 31 but stay on as executive board chairman until March 31, the company said on Monday.   Caterpillar shares were down about 0.58 percent to $87.20.   Under Oberhelman the company recorded record high revenue in 2012, two years after he became CEO. However, a decline in metals and oil prices hit the company hard

Daniel Ward (Photo: WRS)

OP/Ed: Outsourcing Boosts Marine Staffing Efficiencies

Daniel Ward, Director of staffing services provider WRS’ Marine Division, specializes in providing both contract recruitment solutions and crew management services to clients and vessel operators globally. Ward explains how outsourcing crew management functions can help marine companies increase efficiencies.    Clearly the marine industry has had a tough time this past couple of years – links to the oil and gas sector, in particular for marine operators with oil and gas supply contracts mean that the industry at large has been hugely affected by falls in commodity prices.

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