SEOUL, Oct. 6 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has finished testing an onboard carbon dioxide (CO2) capture and storage (OCCS) unit. The new system has been tested on a liquefied natural gas (LNG) carrier and is expected to help reduce greenhouse gas emissions, DSME [...]
SEOUL, Sept. 30 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) announced on Thursday that it established a land-based test site within its R&D campus in Siheung, Gyeonggi Province as part of efforts to develop eco-friendly and smart ship technology. The newly-established facility is designed to verify the performance of propulsion systems used [...]
SEOUL, Sept. 26 (Korea Bizwire) — Troubled South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) is widely expected to make headway with its efforts to get back on track, as it is likely to find a private owner after 21 years of state control. Under a memorandum of understanding with DSME, key subsidiaries [...]
SEOUL, Sept. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) signed a preliminary investment deal with Hanwha Group on Monday, in a move that could put the embattled shipyard in the latter’s hands. Under a memorandum of understanding, Hanwha Aerospace and other Hanwha subsidiaries will participate in DSME’s 2 trillion-won (US$1.4 billion) [...]
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 [...]