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HD Korea Shipbuilding Wins 489.6 Bln-won Order for 3 Ammonia Carriers

HD Korea Shipbuilding Wins 489.6 Bln-won Order for 3 Ammonia Carriers

SEOUL, Mar. 18 (Korea Bizwire) — Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has bagged a 489.6 billion-won (US$372 million) order to build three very large ammonia carriers for an Oceanian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]

Ulsan Port Authority Inaugurates New Liquid Cargo Terminal, Eyeing Future as World’s First Hydrogen Hub

Ulsan Port Authority Inaugurates New Liquid Cargo Terminal, Eyeing Future as World’s First Hydrogen Hub

ULSAN, Mar. 15 (Korea Bizwire) – The Ulsan Port Authority celebrated the completion of the ‘North New Port Liquid Terminal’ in Hwangseong-dong, Nam-gu, at the North Port of Ulsan on March 15. The new facility, boasting a 300-meter quay wall, a 440-meter sheltered harbor, and a 12,600 square meter port hinterland, represents a significant enhancement [...]

Container Shipping Costs of EU-S. Korea Route up 40 Pct amid Red Sea Crisis

Container Shipping Costs of EU-S. Korea Route up 40 Pct amid Red Sea Crisis

SEOUL, Mar. 15 (Korea Bizwire) — Container shipping costs from Europe to South Korea soared nearly 40 percent in February amid continued tensions surrounding the Red Sea, data showed Friday. The average shipping cost for a 40-foot container for the route jumped 38.7 percent on-month to 1.24 million won (US$934.16) last month, according to the [...]

HMM Inks ‘Green Sailing’ Deal with German Firm

HMM Inks ‘Green Sailing’ Deal with German Firm

SEOUL, Mar. 4 (Korea Bizwire) — South Korean shipper HMM Co. said Monday it has signed a “green sailing service” deal with German logistics firm HellMann for the trading of reduced carbon emissions. HMM, South Korea’s top container shipping company, said it marks the company’s first-ever green sailing service contract. HMM didn’t disclose the amount [...]

Korean Companies Mixed on Future Prospects Amid Global Industry Shifts, Survey Reveals

Korean Companies Mixed on Future Prospects Amid Global Industry Shifts, Survey Reveals

SEOUL, Feb. 29 (Korea Bizwire) – Amid a worldwide shake-up of industrial sectors, Korean firms are experiencing a range of emotions about the future of their key operations, feelings that vary widely depending on the size of the business and the industry it belongs to. A recent survey conducted by the Korea Chamber of Commerce and [...]

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 [...]