SEOUL, July 13 (Korea Bizwire) — An innovative oil scoop net designed to assist in the cleanup of oil spills at sea has been developed based on the insect-catching mechanism of a carnivorous plant. A joint research team from the Korea Institute of Science and Technology and Korea University said Wednesday it had developed an [...]
INCHEON, July 8 (Korea Bizwire) — South Korea’s Coast Guard is struggling to find the financial resources necessary for the operation of large patrol ships and helicopters as oil prices continue to remain high in and outside the country. At present, the Coast Guard runs a total of 355 ships, including large patrol ships and [...]
SEOUL, July 6 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has replaced existing contracts for three liquefied natural gas (LNG) carriers with new ones with a higher price tag amid supply chain disruptions. KSOE, a subholding company of global shipping titan Hyundai Heavy Industries Holdings, said in a regulatory [...]
SEOUL, July 4 (Korea Bizwire) — SK E&S Co., a South Korean natural gas provider, is planning to open an office in London to push for an expansion in Europe, the world’s largest economic bloc, where the energy market is being reshaped amid the ongoing Russia-Ukraine conflict, the company’s head said Monday. “In the past, [...]
SEOUL, July 4 (Korea Bizwire) — South Korean top carmaker Hyundai Motor Co. has officially scrapped a plan to build a liquefied natural gas (LNG)-powered thermal power plant that it had pursued as part of a carbon neutral strategy. The company said it had mulled over constructing an LNG power plant to reduce carbon emissions [...]