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 [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korean shipbuilders won more than half of new global ship orders in July to take the top spot in the world for the third straight month, industry data showed Tuesday. Local shipyards, led by Hyundai Heavy Industries Co., clinched 1.16 million compensated gross tons (CGTs) in new orders [...]
SEOUL, July 25 (Korea Bizwire) – South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has won a 649.5 billion-won (US$495 million) order to build two liquefied natural gas (LNG) carriers from Europe. DSME, the world’s No. 4 shipbuilder by order backlog, said it will construct the 174-cubic-meter LNG carriers in [...]
GEOJE, July 22 (Korea Bizwire) — Subcontract workers at the Daewoo Shipbuilding & Marine Engineering Co. (DSME) shipyard on the southeastern coast agreed to end their 51-day strike Friday, after labor and management struck a last-minute agreement on almost all contentious issues. About 120 unionized workers from DSME subcontractors had staged a sit-in at the [...]
SEOUL, July 14 (Korea Bizwire) — South Korea’s leading container shipper HMM Co. said Thursday that it will invest 15 trillion won (US$11.4 billion) over the next five years to increase its capacity and secure diverse strategic assets as part of its efforts to become a top-tier global shipping company and achieve sustainable growth. Of [...]
SEOUL, July 7 (Korea Bizwire) — HMM Co., South Korea’s leading container shipper, said Thursday it has obtained a global certification for its efforts to promote workplace safety and workers’ health. HMM said it has secured the top certification for its occupational health and safety management system from the International Organization for Standardization (ISO). The [...]