Shipyard workers across Hyundai Heavy Industries group to strike

Employees across the Hyundai Heavy Industries (HHI) group of shipyards have voted to strike on 6, 7 and 13 December, as dissatisfaction with inflation and inadequate salaries mounts among South Korean workers.

It is the first time that workers in the HHI group, comprising HHI, Hyundai Samho Heavy Industries (HSHI) and Hyundai Mipo Dockyard (HMD) are going on coordinated industrial action.

HHI and HSHI construct large and higher-value ships while HMD focuses on small and mid-sized ships.

The vote...

Performance Shipping Enters Into Agreement For Acquisition Of $35M Vessel

  • Greece-based Performance Shipping has entered a memorandum of agreement for the acquisition of a Aframax tanker.
  • The vessel is anticipated to be delivered in early December.

Performance Shipping signs memorandum to acquire Aframax tanker for $35m, reports Ship Technology.

The acquisition

For the acquisition of a 105,525dwt Aframax tanker vessel for $35m, Greece-based Performance Shipping has entered a memorandum of agreement through a separate wholly-owned subsidiary.

The Aframax tanker named as...

ABS Grants AIP To HHI For Autonomous Benefits

  • ABS has permitted the approval in principle (AIP) to HHI Group for four areas of autonomous function.
  • HHI signed a memorandum of understanding (MOU) with ABS at CES 2022, the world’s largest electronic and information technology exhibition, held in Las Vegas in January.

ABS Approves Pioneering Autonomous Technology for HHI Group, reports ABS.


ABS took another step to assist the growth of autonomous technology with the granting of approval in principle (AIP) to Hyundai Heavy...

South Korean shipyard workers protest foreign labour influx

The Korean Metal Workers’ Union, the umbrella union representing workers of eight South Korean shipbuilders, is staging a series of strikes this month in support of Hyundai Heavy Industries’ workers who have been involved in industrial action since late April.

Particularly, the shipyard workers were incensed when the government, at the shipbuilders’ request abolished the quota system in mid-April to allow in foreign labour for four shipbuilding areas – welding, painting, electric engineering,...

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