Shipbuilding & Marine Archives | Be Korea-savvy

Archive by category Shipbuilding & Marine

HJ Shipbuilding Wins 212 bln-won Order for 4 Navy Patrol Boats

HJ Shipbuilding Wins 212 bln-won Order for 4 Navy Patrol Boats

SEOUL, Nov. 24 (Korea Bizwire) — South Korean shipyard HJ Shipbuilding & Construction Co. said Thursday it has clinched a 212 billion-won (US$159 million) order to build four high-speed patrol ships for the country’s Navy. HJ Shipbuilding & Construction said in a regulatory filing that it has bagged the order from the Defense Acquisition Program [...]

Greece Remains Biggest Customer for Korean Shipyards for 2nd Year

Greece Remains Biggest Customer for Korean Shipyards for 2nd Year

SEOUL, Nov. 21 (Korea Bizwire) — Greece placed the largest ship orders in South Korea this year, remaining a buttress for the nation’s shipbuilding industry, data showed Sunday. Greek shipowners have placed orders for 52 ships totaling 2.05 million compensated gross ton (CGT) from Korean shipyards so far this year, according to global market researcher [...]

S. Korean Shipbuilders Rank 2nd in New Global Orders in Oct.

S. Korean Shipbuilders Rank 2nd in New Global Orders in Oct.

SEOUL, Nov. 8 (Korea Bizwire) — South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders in October to take the No. 2 spot in the world, industry data showed Tuesday. Local shipbuilders won a combined 1.43 million compensated gross tons (CGTs) in new orders last month, accounting for 42 [...]

Lower Freight Rates Hit HMM’s Q3 Earnings: Market Tracker

Lower Freight Rates Hit HMM’s Q3 Earnings: Market Tracker

SEOUL, Nov. 1 (Korea Bizwire) — South Korean container shipper HMM Co.’s third-quarter earnings probably edged down from three months earlier due to lower freight rates, a market tracker said Tuesday. The operating income of HMM, the country’s top industry player, is estimated to reach 2.55 trillion won (US$1.8 billion) for the July-September period, up [...]

OECD Recommends Samsung Heavy Ensure Workplace Safety over 2017 Deadly Crane Accident

OECD Recommends Samsung Heavy Ensure Workplace Safety over 2017 Deadly Crane Accident

SEOUL, Oct. 26 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) called on Samsung Heavy Industries Co. on Wednesday to fulfill due corporate responsibility to better ensure worksite safety following a deadly crane accident in 2017. In May 2017, two cranes collided at the shipbuilder’s shipyard in the [...]

Daewoo Shipbuilding Adding Smart Ship Solution to Wind Turbine Installation Vessel

Daewoo Shipbuilding Adding Smart Ship Solution to Wind Turbine Installation Vessel

SEOUL, Oct. 24 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. is building an eco-friendly wind turbine installation vessel (WTIV) that is equipped with smart ship features. The company signed a contract with Monaco-headquartered maritime player Eneti Inc. last week to add its smart ship system to a WTIV being built at the company’s [...]

DSME Inks Tie-up with U.S. Firm on Liquid Hydrogen Carrier

DSME Inks Tie-up with U.S. Firm on Liquid Hydrogen Carrier

SEOUL, Oct. 13 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has signed a business tie-up agreement with a U.S. energy company on the development of technologies for a large liquid hydrogen carrier. The deal with CB&I, a unit of U.S. energy engineering and construction solutions provider [...]

DSME Completes Test of CO2 Capture Unit

DSME Completes Test of CO2 Capture Unit

SEOUL, Oct. 6 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has finished testing an onboard carbon dioxide (CO2) capture and storage (OCCS) unit. The new system has been tested on a liquefied natural gas (LNG) carrier and is expected to help reduce greenhouse gas emissions, DSME [...]

DSME Builds Land-based Test Site for Eco-friendly Technologies

DSME Builds Land-based Test Site for Eco-friendly Technologies

SEOUL, Sept. 30 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) announced on Thursday that it established a land-based test site within its R&D campus in Siheung, Gyeonggi Province as part of efforts to develop eco-friendly and smart ship technology. The newly-established facility is designed to verify the performance of propulsion systems used [...]