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HMM job action is delayed while line says it could cost $580M

Last minute discussions between the leaders of South Korea’s maritime union and the CEO of HMM adverted the planned mass resignation of seafarers in a demonstration over their demand for wage increases. The two sides agreed to hold a new bargaining session on September 1. 

 
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Japan's Last Whaling Mother Ship May Cost Too Much to Replace

Anti-whaling activists are pleased that Japan's last whaling mothership operator is ordering a replacement vessel - not because they expect it to succeed, but because they believe that the cost and debt load from the order will put the firm out of business. 

 
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Hyundai meets 2021 order target with US offshore platform contract

Hyundai Heavy Industries (HHI) has secured a $577 million deal from Beacon Offshore to build a floating production system (FPS) for its Shenandoah field in the US Gulf of Mexico. In a regulatory filing, HHI holding company, Korea Shipbuilding and Offshore Engineering (KSOE) said that it would undertake the first phase of construction for the offshore crude oil storage facility. The order is the latest in a series of moves by the South Korean shipbuilding industry to diversify and expand the scope of their construction projects. With this order HHI has met 100 percent of its order targets for the year.

 
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