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Ammonia Carriers Emerge as ‘Blue Ocean’ for S. Korean Shipyards

Ammonia Carriers Emerge as ‘Blue Ocean’ for S. Korean Shipyards

SEOUL, Jan. 24 (Korea Bizwire) — High value-added ammonia carries have emerged as a new marketplace for South Korean shipbuilders, industry data showed Wednesday, amid a recent surge in global orders in line with a decarbonization trend. HD Korea Shipbuilding & Offshore Engineering Co. and two smaller rivals in South Korea have clinched all 15 [...]

HD Korea Shipbuilding Secures 491.1 Billion-Won Order for Three Ammonia Carriers

HD Korea Shipbuilding Secures 491.1 Billion-Won Order for Three Ammonia Carriers

SEOUL, Jan. 22 (Korea Bizwire) – South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has bagged a 491.1 billion-won (US$366 million) order to build three very large ammonia carriers for a shipper based in Central and South America. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding [...]

Hanwha Ocean Wins 331.2 Bln-won Order for 2 Ammonia Carriers

Hanwha Ocean Wins 331.2 Bln-won Order for 2 Ammonia Carriers

SEOUL, Jan. 22 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has clinched a 331.2 billion-won (US$247 million) order for two very large ammonia carriers (VLACs) from an Oceanian shipper. The eco-friendly vessels will be constructed at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to the [...]

Submarine Blueprints Developed by Daewoo Shipbuilding & Marine Engineering Leaked to Taiwan, Police Investigation Underway

Submarine Blueprints Developed by Daewoo Shipbuilding & Marine Engineering Leaked to Taiwan, Police Investigation Underway

GEOJE, Jan. 4 (Korea Bizwire) –Daewoo Shipbuilding & Marine Engineering, currently known as Hanwha Ocean, is embroiled in a security breach involving the leak of submarine blueprints to Taiwan, with the South Korean police conducting an investigation. According to police reports on January 4, the South Gyeongsang Provincial Police Agency has begun an investigation into [...]

Samsung Heavy Wins US$1.5 Bln Order for FLNG Facility in North America

Samsung Heavy Wins US$1.5 Bln Order for FLNG Facility in North America

SEOUL, Jan. 2 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-biggest shipbuilder by orders, said Tuesday it has received a US$1.5 billion order to build a floating liquefied natural gas (FLNG) facility in North America. Samsung Heavy formed a consortium with U.S. engineering company Black & Veatch to sign an engineering, procurement and [...]

HD Hyundai Heavy Finishes Basic Design for Next-Generation Destroyer

HD Hyundai Heavy Finishes Basic Design for Next-Generation Destroyer

SEOUL, Dec. 27 (Korea Bizwire) — South Korean shipbuilding titan HD Hyundai Heavy Industries Co. said Wednesday it has recently completed the basic design for the country’s next-generation Aegis destroyer. It comes three years after HD Hyundai Heavy was chosen as the preferred bidder for the Korea Destroyer Next Generation (KDDX) project to build a [...]

Samsung Heavy Wins 310.8 Bln-won Order for 2 Ammonia Carriers

Samsung Heavy Wins 310.8 Bln-won Order for 2 Ammonia Carriers

SEOUL, Dec. 26 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-biggest shipbuilder by orders, said Tuesday it has received a 310.8 billion-won (US$240 million) order to build two very large ammonia carriers for a shipper in Oceania. The order calls for Samsung Heavy to deliver the ammonia carriers to an unidentified shipper in [...]