SEOUL, March 7 (Korea Bizwire) — South Korea recaptured the No. 1 spot in global shipbuilding orders in February, industry data showed Tuesday, thanks to its dominance in the liquefied natural gas (LNG) carrier market. Local shipyards won orders totaling 1.56 million compensated gross tons (CGTs) to build 34 ships, accounting for 74 percent of [...]
SEOUL, Feb. 22 (Korea Bizwire) — HMM Co., South Korea’s top container shipper, said Tuesday it had signed a business agreement with marine waste management company Foresys to establish a circular environment system using discarded mooring ropes. Large ships use dozens of thick mooring ropes when in port. HMM has been discarding about 20 tons [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korean shipyard HJ Shipbuilding & Construction Co. said Monday it has signed a memorandum of understanding (MOU) with the Korea Real Estate Investment & Trust Co. and Mirae Asset Securities Co. to cooperate for the invigoration of security tokens for ship financing. The three parties will unite forces [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s top container shipper HMM Co. on Tuesday signed a 1.41 trillion-won (US$1.1 billion) deal with two local shipbuilders to build nine methanol-propelled container ships as part of its push to go carbon neutral. Under the deal, Hyundai Samho Heavy Industries Co., an affiliate of Korea Shipbuilding & [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders to rank second in the world in February amid tumbling demand, industry data showed Tuesday. Local shipbuilders won a combined 640,000 compensated gross tons (CGTs) in new orders last month, accounting for 33 percent [...]
SEOUL, Feb. 5 (Korea Bizwire) — More than 2,000 foreign workers will be hired by South Korean shipyards this month in a measure to help resolve an acute workforce shortage, according to the Ministry of Justice and the Ministry of Trade, Industry and Energy on Sunday. The government issued E-7 and E-9 visas for the [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean shipbuilders saw their global market share edge up in 2022 from a year earlier despite decreased new orders, industry data showed Tuesday. Local shipyards clinched a combined 16.27 million compensated gross tons (CGTs) in new orders last year, or 38 percent of the global total of 42.78 [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has developed a collaborative robot, or cobot, in an effort to boost productivity. The world’s fourth-largest shipbuilder by order backlog said the newly developed cobot has recently been put into service for the welding job of [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korean shipbuilders received the largest orders in four years in 2022, and the country ranked the world’s No. 1 in terms of the construction of high-priced and eco-friendly vessels, the industry ministry said Thursday. Local shipbuilders won orders of a total of 15.59 million compensated gross tons last [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) — HD Hyundai Co., South Korea’s largest shipbuilding conglomerate, unveiled its vision for a sustainable future at CES on Wednesday, including a future ship with advanced digital solutions using energy-saving technologies. It marks the second consecutive year for the shipbuilding giant, formerly known as Hyundai Heavy Industries Group, to have [...]