SEOUL, Apr. 2 (Korea Bizwire) — Hanwha Ocean Co., the world’s third-largest shipbuilder by order backlog, said Tuesday it has bagged an order worth 1.24 trillion won (US$919.6 million) to build four liquefied natural gas (LNG) carriers for an Asian shipper. Hanwha Ocean said it will build the vessels at its shipyard in Geoje on [...]
SEOUL, Mar. 29 (Korea Bizwire) — South Korean shipbuilder HD Hyundai Heavy Industries Co. said Friday it has received a US$463 million order in Peru to jointly build four warships with a local shipyard by 2029. Peru’s state-owned shipbuilder SIMA Peru S.A. placed the order for joint production of one 3,400-ton frigate, one 2,200-ton deepwater [...]
SEOUL, Mar. 18 (Korea Bizwire) — Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has bagged a 489.6 billion-won (US$372 million) order to build three very large ammonia carriers for an Oceanian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]
ULSAN, Mar. 15 (Korea Bizwire) – The Ulsan Port Authority celebrated the completion of the ‘North New Port Liquid Terminal’ in Hwangseong-dong, Nam-gu, at the North Port of Ulsan on March 15. The new facility, boasting a 300-meter quay wall, a 440-meter sheltered harbor, and a 12,600 square meter port hinterland, represents a significant enhancement [...]
SEOUL, Mar. 15 (Korea Bizwire) — Container shipping costs from Europe to South Korea soared nearly 40 percent in February amid continued tensions surrounding the Red Sea, data showed Friday. The average shipping cost for a 40-foot container for the route jumped 38.7 percent on-month to 1.24 million won (US$934.16) last month, according to the [...]
SEOUL, Mar. 4 (Korea Bizwire) — South Korean shipper HMM Co. said Monday it has signed a “green sailing service” deal with German logistics firm HellMann for the trading of reduced carbon emissions. HMM, South Korea’s top container shipping company, said it marks the company’s first-ever green sailing service contract. HMM didn’t disclose the amount [...]
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 [...]