SEOUL, Sept. 22 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed indexes to assess the performance of its ESG management activities for the first time among local shipyards. DSME, a major local shipbuilder, said it has applied the 146 ESG indexes to its Okpo shipyard on Geoje Island, [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korean shipbuilders won nearly 57 percent of global orders for eco-friendly ships in the first eight months of this year thanks to their technological superiority, an industry tracker said Thursday. Local shipyards clinched 56.6 percent of the world’s green-vessel orders worth 9.52 million compensated gross tons (CGTs) in [...]
SEOUL, Sept. 19 (Korea Bizwire) — A steel-cutting ceremony for South Korea’s first eco-friendly mixed fuel offshore demonstration ship was held last Friday at the Sapjin Industrial Complex in Mokpo, South Jeolla Province. As part of a new eco-friendly cluster setup project, the steel-cutting ceremony was held to signify the launch of ship construction. The [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has agreed with major foreign and domestic maritime registers to cooperate in developing technologies for carbon-neutral vessels at the ongoing global gas fair in Italy. Under a deal with the American Bureau of Shipping (ABS), DSME [...]
SEOUL, Sept. 6 (Korea Bizwire) — The Korean Register of Shipping (KR), South Korea’s ship quality assurance and risk management company, said Monday it had signed an agreement with Hyundai Heavy Industries Co., Avikus and the Liberian International Ship & Corporate Registry (LISCR) to carry out a joint study on the application and approval of [...]
SEOUL, Sept. 1 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has been chosen to carry out a state-funded project to develop South Korea’s first hydrogen fuel cell tugboat. Under a deal signed with the government, DSME said it will develop a 3-megawatt-class battery-fuel cell tugboat based on its remote [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday it has signed a business tieup agreement with two local firms on the joint development of next-generation, eco-friendly ship engines. The memorandum of understanding, which was signed with rival Samsung Heavy Industries Co. and ship engine maker [...]
SEOUL, Aug. 29 (Korea Bizwire) — Major South Korean shipyard Hyundai Heavy Industries Co. said Sunday it had acquired design approval for Hi-Rotor, a rotor sail that is a form of wind-assisted propulsion for ships, from the Korean Register of Shipping (KR) for the first time in the domestic shipbuilding industry. A rotor sail is [...]
SEOUL, Aug. 26 (Korea Bizwire) — About 6 out of 10 workers at South Korean shipbuilding companies turned out to be “non-affiliated” employees of subcontractors rather than the shipbuilders that use their services, government data showed Thursday. According to the Ministry of Employment and Labor, there were around 5.2 million regular workers hired by the [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s three major shipbuilding companies have achieved nearly 87 percent of their yearly order targets thanks to a jump in orders for high-priced liquefied natural gas (LNG) carriers, government data showed Wednesday. The top three shipyards — Korea Shipbuilding & Offshore Engineering Co. (KSOE), Daewoo Shipbuilding & Marine [...]