SEOUL, Jan. 2 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday a total of 41 Indonesian welders have arrived here to work at its shipyard on the southern coast. The Indonesians, who arrived Saturday, mark the single largest batch of foreign workers to come to South Korea since the government eased [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean shipbuilders lagged behind their Chinese rivals in terms of new global orders in 2022 to take the No. 2 spot in the world for the second straight year, industry data showed Thursday. Local shipbuilders clinched a combined 15.64 million compensated gross tons (CGTs) in new orders this [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai said Thursday its shipbuilding units succeeded in developing the country’s first liquid natural gas (LNG)-hydrogen mixed-fuel engine. Korea Shipbuilding & Offshore Engineering Co. and its affiliate Hyundai Heavy Industries Co. jointly announced on the completion of performance tests for [...]
SEOUL, Dec. 19 (Korea Bizwire) — Samsung Heavy Industries Co. announced that it has developed a blockchain-based cyber security solution to strengthen digital information security for autonomous ships for the first time in the shipbuilding industry. This technology sends the data created by the shipbuilder’s remote autonomous navigation system known as Samsung Autonomous Ship, or [...]
SEOUL, Dec. 16 (Korea Bizwire) — Hanwha Group signed an agreement with Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Friday to take over the embattled shipbuilder, officials said, paving the way for a smooth privatization after multiple unsuccessful attempts. Under the deal, Hanwha Aerospace and five other Hanwha affiliates will acquire a 49.3 percent [...]
SEOUL, Dec. 14 (Korea Bizwire) – South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Wednesday it has signed a business partnership agreement with top local steelmaker POSCO on the development of new shipbuilding materials. The deal calls for joint efforts to develop new shipbuilding materials and welding technologies that will be applied [...]
SEOUL, Dec. 8 (Korea Bizwire) — Management and labor unions of South Korea’s major shipbuilders have reached a tentative agreement on wage negotiations, and such agreements included several solutions on how to deal with the shortage of workers facing domestic shipyards. Hyundai Heavy Industries Co. decided to provide employees who reached retirement age this year [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean shipbuilders fell far behind their Chinese rivals in terms of new global orders in November to rank second in the world, industry data showed Tuesday. Local shipbuilders won a combined 1.08 million compensated gross tons (CGTs) in new orders last month, accounting for 38 percent of the [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korean shipyard HJ Shipbuilding & Construction Co. said Thursday it has clinched a 212 billion-won (US$159 million) order to build four high-speed patrol ships for the country’s Navy. HJ Shipbuilding & Construction said in a regulatory filing that it has bagged the order from the Defense Acquisition Program [...]
SEOUL, Nov. 21 (Korea Bizwire) — Greece placed the largest ship orders in South Korea this year, remaining a buttress for the nation’s shipbuilding industry, data showed Sunday. Greek shipowners have placed orders for 52 ships totaling 2.05 million compensated gross ton (CGT) from Korean shipyards so far this year, according to global market researcher [...]