SEOUL, Sept. 25 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Wednesday it has signed an initial pact with Chinese electric automaker BYD for partnership in the logistics business. Under the “strategic” memorandum of understanding, the two companies will cooperate in global logistics forwarding services and share vessel space [...]
SEOUL, Sept. 23 (Korea Bizwire) — The industry ministry said Monday a container carrier equipped with a homegrown autonomous system departed from the southeastern port city of Busan to test key technologies, including intelligent navigation and cybersecurity. The 1,800 twenty-foot equivalent unit container carrier plans to run such tests over a one-year period on routes [...]
SEOUL, Sept. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has signed a partnership with the American Bureau of Shipping to jointly develop advanced offshore technologies. Under the agreement, signed during Gastech 2024, an international energy exhibition, in Houston, Texas, last week, the collaboration between Hanwha Ocean and ABS [...]
SEOUL, Sept. 6 (Korea Bizwire) – In a concerning trend for South Korea’s once-dominant shipbuilding industry, Chinese competitors are rapidly gaining market share, aided by alleged industrial espionage and lenient court rulings in South Korea. The situation has raised alarms about the potential loss of South Korea’s world-leading position in the sector, particularly in the crucial [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hanwha Ocean Co., a major South Korean defense and shipbuilding company, said Tuesday it has begun maintenance, repair and overhaul (MRO) services for a 40,000-ton logistics support vessel of the U.S. Navy. The Wally Schirra arrived at Hanwha Ocean’s shipyard in Geoje on the southern coast of South Korea [...]
ULLEUNG, Aug. 14 (Korea Bizwire) – Recent incidents of electric vehicle (EV) fires have prompted ferry operators serving Ulleung Island, a popular tourist destination off South Korea’s east coast, to implement new restrictions on EV transportation. According to local authorities in Ulleung County, North Gyeongsang Province, H Shipping Company announced on August 13 that it would [...]
SEOUL, Aug. 7 (Korea Bizwire) – HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Wednesday it has received a 219.5 billion-won (US$159 million) order to build two liquefied petroleum gas (LPG) carriers for a shipper in the Middle East. The two LPG ships will be built at the shipyard of HD Hyundai Mipo [...]
SEOUL, Aug. 5 (Korea Bizwire) — The industry ministry said Monday it has launched a shipbuilding training center in Indonesia to provide training programs for Indonesian workers seeking job opportunities in South Korea. The center, located in Serang, 78 kilometers west of Jakarta, will train around 30 to 40 workers for a three-month period, offering [...]
SEOUL, Jul. 26 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding and defense industry unit of South Korea’s Hanwha Group, said Friday it has been selected as the preferred bidder for the 460.1 billion-won (US$322.2 million) project to build the South Korean Navy’s logistics support ship, AOE-II. Hanwha Ocean will sign a contract with the [...]
SEOUL, Jul. 22 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has signed a deal with U.S. Naval Supply Systems Command to join potential projects for the repair and maintenance of U.S. warships. Under the Master Ship Repair Agreement, Hanwha Ocean will be eligible for repair and maintenance projects for [...]