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Archive by category Shipbuilding & Marine

HD Korea Shipbuilding Bags 231.8 Bln-won Order for Crude Carriers

HD Korea Shipbuilding Bags 231.8 Bln-won Order for Crude Carriers

SEOUL, Oct. 30 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has won a 231.8 billion-won (US$171 million) order to build two crude carriers for an Oceanian shipper. Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the vessels at its [...]

HD Korea Shipbuilding to Build Ammonia-fueled Ships for 1st Time in World

HD Korea Shipbuilding to Build Ammonia-fueled Ships for 1st Time in World

SEOUL, Oct. 16 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it will build two mid-sized, ammonia-powered ships for the first time in the world. HD Korea Shipbuilding said it will install an ammonia dual-fuel engine in the 45,000-cubic meter liquefied petroleum gas (LPG) carriers, whose order it [...]

South Korea’s LNG Carrier Orders Dip, But Strong Prospects and Record Prices Keep Shipbuilders Afloat

South Korea’s LNG Carrier Orders Dip, But Strong Prospects and Record Prices Keep Shipbuilders Afloat

SEOUL, Oct. 9 (Korea Bizwire) –Orders for liquefied natural gas (LNG) carriers, an area where South Korea has long maintained a dominant position, have seen a significant decline this year. Nevertheless, the Korean shipbuilding industry is expected to weather this downturn relatively unscathed, thanks in part to record-high LNG carrier prices and a substantial upcoming [...]

‘Junghujangdae’ Industries Embrace Online Content to Connect with Younger Generations

‘Junghujangdae’ Industries Embrace Online Content to Connect with Younger Generations

POSCO is connecting with younger audiences by creating unique content, “Fantasteel – The Beginning of the New Iron Age,” in partnership with Nexon’s online game “Wars of Pracia”. SEOUL, Oct. 9 (Korea Bizwire) – Businesses in the so-called ‘junghujangdae’ industries, unfamiliar to the general public, are striving to craft a friendly image by creating compelling [...]

Rising Reliance on Foreign Workers in Korea’s Vital Manufacturing Sector

Rising Reliance on Foreign Workers in Korea’s Vital Manufacturing Sector

SEOUL, Oct. 7 (Korea Bizwire) –The Ppuri industry, which is crucial for the Korean manufacturing sector, is expected to rely more on foreign workers. This industry encompasses various manufacturing processes like casting, mold making, plastic processing, welding, surface treatment, and heat treatment. Recent data on the Korean labor market shows that 9.2 percent of workers [...]

New Orders for Offshore Plants and Tankers on Rise Amid High Oil Prices

New Orders for Offshore Plants and Tankers on Rise Amid High Oil Prices

SEOUL, Oct. 4 (Korea Bizwire) – As international oil prices continue to soar due to the extension of oil production cuts by Saudi Arabia and Russia, offshore platforms drilling for oil and gas stored beneath the sea and tankers for transport are coming into the spotlight. According to Clarkson Research, a U.K.-based specialist in analyzing shipbuilding [...]

K Shipbuilding and Doosan Robotics Collaborate to Automate Ship Hull Engraving with Robots

K Shipbuilding and Doosan Robotics Collaborate to Automate Ship Hull Engraving with Robots

CHANGWON, Sept. 23 (Korea Bizwire) – K Shipbuilding, in collaboration with Doosan Robotics, has successfully developed welding automation equipment that utilizes collaborative robots to engrave characters onto ship hulls. This achievement was announced by the company on Friday. Collaborative robots, designed to operate alongside humans and engage in physical interactions with them, played a pivotal role [...]

Hanwha Ocean Inks 4-way Deal on Development of Liquefied CO2 Carrier

Hanwha Ocean Inks 4-way Deal on Development of Liquefied CO2 Carrier

SEOUL, Sept. 21 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Thursday it has signed an agreement with three foreign institutions on the development of a large liquefied carbon dioxide carrier. The deal calls for Hanwha Ocean and the institutions to share their know-how and experiences to develop a 40,000-cubic-meter liquefied CO2 [...]

Hanwha Ocean Wins Green Tech Certifications at Global Gas Fair

Hanwha Ocean Wins Green Tech Certifications at Global Gas Fair

SEOUL, Sept. 8 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a series of certifications for eco-friendly technologies from major global maritime rating agencies at an ongoing world gas industry exhibition. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), has obtained an approval in principle (AIP) [...]