SEOUL, July 12 (Korea Bizwire) — South Korean shipbuilder Hanwha Ocean Co. said Wednesday it has succeeded in developing three key devices of a submarine sonar system. They include a sonic depth finder, a sonar beacon and an underwater environment measuring apparatus, which could help boost the operational capability and viability of a submarine, Hanwha [...]
SEOUL, July 7 (Korea Bizwire) — South Korean shipbuilders stayed far behind their Chinese rivals in new global orders to place second worldwide in June, industry data showed Friday. Local shipyards clinched a combined 380,000 compensated gross tons (CGTs) in new orders last month, accounting for 14 percent of the global total at 2.76 million [...]
SEOUL, July 6 (Korea Bizwire) — HD Hyundai Heavy Industries Co., the world’s leading shipbuilder by orders, said Wednesday it has developed an eco-friendly heating, ventilation, and air conditioning (HVAC) system for ships using ammonia as a refrigerant. HD Hyundai Heavy has won an approval in principle (AIP) for the system from the American Bureau [...]
SEOUL, June 27 (Korea Bizwire) — South Korea and Greece agreed Tuesday to jointly develop technologies to renovate existing ships into eco-friendly ones in response to tougher emission regulations in the global shipping sector, Seoul’s industry ministry said. Under the agreement, the two nations will carry out projects to develop technologies for the designing of [...]
SEOUL, June 20 (Korea Bizwire) — South Korean steelmakers asked the government Tuesday to persuade the European Union to allow domestic carbon emission calculation methods for a longer period of time ahead of the full implementation of its new carbon border tax. The EU announced the new carbon-pricing system of the Carbon Border Adjustment Mechanism [...]
SEOUL, June 14 (Korea Bizwire) — Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai, said Wednesday it has recently clinched an order to build two oil and chemical tankers for an African shipping company. The latest order raises its cumulative orders to 199 vessels, a feat [...]
SEOUL, June 13 (Korea Bizwire) — South Korean shipyards are making various efforts to attract foreign workers in response to a shortage of manpower. The nation’s shipbuilding industry is expected to face a shortage of approximately 13,000 production workers in the third quarter of this year, according to the Korea Offshore & Shipbuilding Association. HD [...]
SEOUL, June 9 (Korea Bizwire) — South Korean ship service provider HD Hyundai Global Service Co. said Friday it has bagged a US$50 million order for the re-liquefaction of liquefied natural gas (LNG) carriers from a Norwegian shipper. The deal calls for installing re-liquefaction systems on five LNG vessels operated by Cool Company Ltd., also [...]
SEOUL, June 8 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has signed a series of eco-friendly agreements with global registers and shipping companies. HD Korea Shipbuilding said it signed a memorandum of understanding with Britain’s Lloyd’s Register, Norwegian shipper Knutsen and HD Hyundai Heavy Industries Co. on the lifetime [...]
SEOUL, June 8 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a liquefied carbon dioxide (LCO2) carrier from a local certification agency. The AIP from the Korean Register (KR) means that Samsung Heavy Industries’ conceptual design of the [...]