US Port's Supply Chain Fix Challenge: Selling 24/7 Shifts
."It's not a single lever we can pull today to open up all the gates," Executive Director Gene Seroka said on Thursday.On Wednesday, the White House gathered stakeholders including retailers Walmart and Home Depot, logistics firms United Parcel Service and FedEx, and electronics supplier Samsung. The companies pledged to use more overnight workers to ease the backups at the Los Angeles and Long Beach port complex that is the No. 1 gateway for trade with China.We're "trying to squeeze every minute, every hour of efficiency out of this port that we can," said Seroka. Most work
Maersk Drilling Axes Dozens of Staff
to 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.
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)
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
Mick Fanning Claims Victory at J-Bay Open
Three-time WSL Champion Mick Fanning (AUS) has won the J-Bay Open, stop No. 6 on the 2016 Samsung Galaxy World Surf League (WSL) Championship Tour (CT), defeating John John Florence (HAW) in an exciting Final in three-to-four foot (1 metre) surf at Jeffreys Bay. Today’s incredible victory comes a year after a dramatic incident during the 2015 J-Bay Open Final where Fanning was attacked on live television by what is believed to be a Great White Shark. “It’s definitely a very different feeling this win,” said Fanning. “There was a real emotional build up coming back
Massive Layoff Ahead for Hyundai Heavy
reports 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
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
Hyundai Heavy Plummets to Worse Loss Ever
Shuqaiq 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
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
Excelerate Energy & the Year of LNG
to accommodate vessel sizes up to 175,000 cu. m. The project is designed to be executed in two phases. We’ll build the above ground infrastructure and then the jetty itself in Port Lavaca while the floating liquefaction storage and offloading (FLSO) unit will be built in Korea at Samsung Heavy Industries in partnership with Black and Veatch who will provide the liquefaction process design and key equipment. That vessel will be built, pre-commissioned, delivered from the shipyard and commissioned on site in about 47 months. At a cost of …?
