South Korea: Hanjin Heavy to Upgrade Its Youngdo Yard in Busan

South Korea’s Hanjin Heavy Industries is planning to upgrade company’s Youngdo yard in Busan, Seatrade Asia reported. Hanjin Heavy’s Busan yard, built in 1937, is one of the oldest in Korea.

While waiting for new orders, Hanjin Heavy made decision to reorganize the layout, and upgrade a number of old 100 ton gantry cranes. Earlier this year, the company experienced an 11 month strike at its Busan yard due to the proposed layoffs.

[mappress]

Shipbuilding Tribune Staff, November 23, 2011; Image: komec