SEOUL, Dec. 22 (Korea Bizwire) – South Korean shipbuilder Hanwha Ocean clinched a 1.1 trillion-won (US$845 million) deal Friday to build a 3,600-ton submarine for the Navy, the state procurement agency said. Hanwha Ocean signed the deal with the Defense Acquisition Program Administration (DAPA) to construct the third and last submarine under the Changbogo-III Batch-II [...]
SEOUL, Dec. 18 (Korea Bizwire) — A consortium led by food conglomerate Harim Group was picked Monday as the preferred bidder for South Korea’s top container shipper HMM Co., creditors said, heralding the start of its privatization. Last month, two state agencies — the state-run Korea Development Bank (KDB) and the Korean Ocean Business Corp. [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it has won a US$500 million order to build three very large ethane carriers for an Oceanian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the 98,000-cubic-meter vessels at [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea fell to second place in new global shipbuilding orders in November to trail behind China again, industry data showed Tuesday. South Korean shipyards clinched orders totaling 570,000 compensated gross tons (CGTs) for 15 ships, accounting for 36 percent of the global total of 1.59 million CGTs last [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it has clinched a US$432.4 million order to build four very large ammonia carriers for a European shipper. Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the vessels at its [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean shipbuilders are widely expected to lag far behind their Chinese rivals in new global orders to place second worldwide in 2023 amid falling demand, according to industry data Wednesday. Local shipyards won a combined 9.55 million compensated gross tons (CGTs) in new orders in the first 11 [...]
SEOUL, Nov. 27 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding unit of chemical-to-aerospace conglomerate Hanwha Group, said Monday it has received a 163 billion-won (US$125 million) ammonia ship order from an unspecified client in the Oceania region. Hanwha Ocean will build the ammonia carrier by September 2026 for the unidentified shipper in the Oceania [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it has bagged a 444.4 billion-won (US$340 million) order to build two very large ethane carriers for an Asian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the 98,000-cubic-meter [...]
SEOUL, Nov. 14 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Tuesday it has bagged a 656.2 billion-won (US$498 million) order for four very large ammonia carriers (VLAC) from a Greek shipper. The vessels will be constructed at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to Naftomar Shipping [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has clinched a 698.1 billion-won (US$530 million) order to build two liquefied natural gas (LNG) carriers for an African shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]