SEOUL, Mar. 4 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Monday it has clinched a 198.8 billion-won (US$149 million) order to build a shuttle tanker for an Oceanian shipper. The vessel will be delivered to the undisclosed shipping company by the end of August 2026, Samsung Heavy said in a regulatory [...]
SEOUL, Feb. 29 (Korea Bizwire) – Amid a worldwide shake-up of industrial sectors, Korean firms are experiencing a range of emotions about the future of their key operations, feelings that vary widely depending on the size of the business and the industry it belongs to. A recent survey conducted by the Korea Chamber of Commerce and [...]
SEOUL, Feb. 26 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Monday it has received a 1.43 trillion-won (US$1.08 billion) liquefied natural gas (LNG) ship order from the Oceania region. Four LNG ships will be built at the shipyard of Hyundai Samho Heavy Industries Co. in Yeongam, 308 kilometers south [...]
SEOUL, Feb. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a 342 billion-won (US$256 million) order for two very large crude carriers (VLCCs) from an Oceanian shipper. The VLCCs will be built at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to the undisclosed [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korean ship service provider HD Hyundai Marine Solution Co. said Thursday it has won an order for renovating liquefied natural gas (LNG) carriers from global energy giant Chevron. The deal calls for installing environmentally friendly re-liquefaction systems on the two LNG vessels operated by Chevron, HD Hyundai Marine [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has clinched a 172.4 billion-won (US$129 million) order to build two liquefied petroleum gas (LPG) carriers for a shipper based in Asia. Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korean shipbuilding giant HD Hyundai Heavy Industries Co. said Wednesday it will cooperate with British defense titan Babcock to jointly develop a submarine for exports. To that end, officials of both companies recently held a meeting at HD Hyundai Heavy’s research and development center in Seongnam, south of [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has bagged a 322.8 billion-won (US$242 million) order to build two very large ammonia carriers for a shipper based in Africa. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct [...]
SEOUL, Feb. 10 (Korea Bizwire) – South Korea seeks to start developing an advanced ship-based missile interceptor this year, the state arms procurement agency has said, amid efforts to counter evolving North Korean military threats. Last year, the country’s defense authorities approved a 690 billion-won (US$520 million) project set to run through 2030 to develop [...]
SEOUL, Feb. 5 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., the world’s top shipyard, has already achieved nearly one-third of its yearly order target on brisk demand for green vessels, industry sources said Monday. So far this year, the shipbuilder has clinched US$4.65 billion worth of orders to construct 38 ships, or [...]