SEOUL, Dec. 1 (Korea Bizwire) — Samsung Heavy Industries Co., a major shipbuilder in South Korea, said Monday it has opened a remote operation center at Taiwanese shipping conglomerate Evergreen Group’s headquarters in Taipei. The Samsung Remote Operation Center (SROC) serves as a land-based control tower that monitors vessel information and equipment status in real [...]
SEOUL, Nov. 20 (Korea Bizwire) – HD Hyundai, South Korea’s leading shipbuilding group, on Thursday announced a partnership with the Ulsan National Institute of Science & Technology (UNIST) to speed up efforts to apply artificial intelligence (AI) technologies in the shipbuilding industry. Under the agreement involving HD Korea Shipbuilding & Offshore Engineering Co., HD Hyundai [...]
SEOUL, Nov. 19 (Korea Bizwire) – HD Hyundai, South Korea’s leading shipbuilding group, said Wednesday it has become the world’s first shipbuilder to deliver 5,000 vessels, reaching the milestone 50 years after its inaugural ship delivery. The 5,000th vessel, delivered last month, was the Diego Silang, the second offshore patrol vessel built for the Philippine [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s auto, shipbuilding and semiconductor industries on Friday broadly welcomed the release of the joint fact sheet detailing the country’s trade and security agreement with the United States, easing weeks of anxiety over steep tariffs. But automakers voiced disappointment that the timing of tariff reductions remains unclear and that [...]
SEOUL, Nov. 13 (Korea Bizwire) – HD Hyundai, South Korea’s leading shipbuilding conglomerate, said Thursday its chairman held talks with a state minister of India to discuss ways to expand cooperation in the shipbuilding and maritime industries. HD Hyundai Chairman Chung Ki-sun met with Hardeep Singh Puri, India’s minister for petroleum and natural gas, in [...]
SEOUL, Nov. 10 (Korea Bizwire) — Hanwha Ocean Co. on Monday welcomed China’s decision to suspend its sanctions on U.S. subsidiaries of the South Korean shipbuilder for one year, also expressing hope for its improved ties with Chinese partners. “We welcome the Chinese government’s decision,” Hanwha Ocean said in a statement. “We hope our relationship [...]
SEOUL, Oct. 20 (Korea Bizwire) — The South Korean government will formally launch the “K-Ship Tech Alliance” next year, a sweeping initiative designed to accelerate the shipbuilding industry’s transition to artificial intelligence (AI) technologies as part of the country’s broader industrial innovation strategy. Announced at a high-level economic ministers’ meeting chaired by Deputy Prime Minister and [...]
SEOUL, Oct. 17 (Korea Bizwire) – HD Hyundai, South Korea’s leading shipbuilding conglomerate, said Friday it has appointed Executive Vice Chairman Chung Kisun, the third-generation member of the founding family, as chairman, marking a shift to an owner-led management structure. The move ends the professional management system that had been in place for decades. Outgoing [...]
SEOUL, Oct. 14 (Korea Bizwire) – China announced Tuesday it will impose retaliatory measures against five U.S.-based subsidiaries of South Korean shipbuilder Hanwha Ocean Co., accusing them of cooperating with a U.S. investigation targeting China’s maritime and shipbuilding industries. In a statement, the Chinese commerce ministry claimed Hanwha Ocean’s U.S. affiliates assisted and supported the [...]
SEOUL, Oct. 13 (Korea Bizwire) — HD Hyundai is exploring multiple options for expanding into the United States, including acquiring shares in an existing shipyard or building one from the ground up — a move that could mark one of the most significant steps yet by a Korean shipbuilder into the U.S. market. According to industry [...]