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HD Hyundai Marine Solution Bags Deal for LNG Carrier Re-liquefaction

HD Hyundai Marine Solution Bags Deal for LNG Carrier Re-liquefaction

SEOUL, Feb. 22 (Korea Bizwire) — South Korean ship service provider HD Hyundai Marine Solution Co. said Thursday it has won an order for renovating liquefied natural gas (LNG) carriers from global energy giant Chevron. The deal calls for installing environmentally friendly re-liquefaction systems on the two LNG vessels operated by Chevron, HD Hyundai Marine [...]

HD Korea Shipbuilding Wins 172.4 Bln-won Order for 2 LPG Carriers

HD Korea Shipbuilding Wins 172.4 Bln-won Order for 2 LPG Carriers

SEOUL, Feb. 22 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has clinched a 172.4 billion-won (US$129 million) order to build two liquefied petroleum gas (LPG) carriers for a shipper based in Asia. Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct [...]

HD Hyundai Heavy, Babcock Pushing to Jointly Develop Submarine

HD Hyundai Heavy, Babcock Pushing to Jointly Develop Submarine

SEOUL, Feb. 21 (Korea Bizwire) — South Korean shipbuilding giant HD Hyundai Heavy Industries Co. said Wednesday it will cooperate with British defense titan Babcock to jointly develop a submarine for exports. To that end, officials of both companies recently held a meeting at HD Hyundai Heavy’s research and development center in Seongnam, south of [...]

HD Korea Shipbuilding Wins 322.8 Bln-won Order for 2 Ammonia Carriers

HD Korea Shipbuilding Wins 322.8 Bln-won Order for 2 Ammonia Carriers

SEOUL, Feb. 20 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has bagged a 322.8 billion-won (US$242 million) order to build two very large ammonia carriers for a shipper based in Africa. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct [...]

South Korea Set to Commence Development of Shipborne Missile Interceptor This Year

South Korea Set to Commence Development of Shipborne Missile Interceptor This Year

SEOUL, Feb. 10 (Korea Bizwire) – South Korea seeks to start developing an advanced ship-based missile interceptor this year, the state arms procurement agency has said, amid efforts to counter evolving North Korean military threats. Last year, the country’s defense authorities approved a 690 billion-won (US$520 million) project set to run through 2030 to develop [...]

HD Korea Shipbuilding Attains One-third of Yearly Order Goal

HD Korea Shipbuilding Attains One-third of Yearly Order Goal

SEOUL, Feb. 5 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., the world’s top shipyard, has already achieved nearly one-third of its yearly order target on brisk demand for green vessels, industry sources said Monday. So far this year, the shipbuilder has clinched US$4.65 billion worth of orders to construct 38 ships, or [...]

Ammonia Carriers Emerge as ‘Blue Ocean’ for S. Korean Shipyards

Ammonia Carriers Emerge as ‘Blue Ocean’ for S. Korean Shipyards

SEOUL, Jan. 24 (Korea Bizwire) — High value-added ammonia carries have emerged as a new marketplace for South Korean shipbuilders, industry data showed Wednesday, amid a recent surge in global orders in line with a decarbonization trend. HD Korea Shipbuilding & Offshore Engineering Co. and two smaller rivals in South Korea have clinched all 15 [...]