SEOUL, Aug. 30 (Korea Bizwire) – Hyundai Heavy Industries Co., a major shipyard in South Korea, has clinched a deal to build an offshore facility for an Indian firm, industry sources said Wednesday. According to the sources, Hyundai Heavy won the deal from Triumph Offshore Private, a unit of India’s Swan Energy, to build the [...]
SEOUL, April 27 (Korea Bizwire) – With 11 Hyundai Heavy Industries (HHI) employees succumbing to injuries caused by work accidents last year, the shipbuilding company is facing criticism as well as the misfortune of being labeled the worst corporation with regard to workplace safety, with some of the harshest critics using the word ‘murder’ to describe [...]
SEOUL, Dec. 2 (Korea Bizwire) – Global oil prices have rallied this week, and may settle above the US$50 level in the near future, a boon for Korean shipbuilders still struggling with falling new orders, industry sources said Friday. Oil prices continued to rise on Thursday extending their rally to a second consecutive day after [...]