SEOUL, Aug. 30 (Korea Bizwire) — The South Korean government provided more than 10,000 workers, including around 8,400 foreign workers, for local shipbuilders in the first half of 2023 in an effort to ease pandemic-related labor shortages, the industry ministry said Wednesday. A total of 10,104 South Korean and foreign workers were employed by shipbuilders [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean shipbuilders are bolstering their research and development (R&D) investments to secure a larger stake in upcoming markets, such as environmentally friendly vessels and autonomous ships. According to industry data, the three leading shipyards of the country invested 125.6 billion won (US$94.6 million) in R&D during the first [...]
SEOUL, Aug. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Wednesday it will raise 2 trillion won (US$1.5 billion) via a rights offering to secure funds for facility investments and other purposes. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), will issue some 89.48 million common shares at a [...]
SEOUL, July 19 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Wednesday it has won a 179 billion-won (US$141.4 million) order to build two liquefied carbon dioxide (CO2) carriers for a Greek shipper. Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding & Offshore Engineering’s three subsidiaries, will construct [...]
SEOUL, July 17 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday it has bagged a 3.96 trillion-won (US$3.1 billion) order to build 16 container ships for an Asian shipper. The 16,000 twenty-foot equivalent unit (TEU) vessels powered by methanol will be delivered to the undisclosed shipping company in stages by December [...]
SEOUL, July 12 (Korea Bizwire) — South Korean shipbuilder Hanwha Ocean Co. said Wednesday it has succeeded in developing three key devices of a submarine sonar system. They include a sonic depth finder, a sonar beacon and an underwater environment measuring apparatus, which could help boost the operational capability and viability of a submarine, Hanwha [...]
SEOUL, July 7 (Korea Bizwire) — South Korean shipbuilders stayed far behind their Chinese rivals in new global orders to place second worldwide in June, industry data showed Friday. Local shipyards clinched a combined 380,000 compensated gross tons (CGTs) in new orders last month, accounting for 14 percent of the global total at 2.76 million [...]
SEOUL, July 6 (Korea Bizwire) — HD Hyundai Heavy Industries Co., the world’s leading shipbuilder by orders, said Wednesday it has developed an eco-friendly heating, ventilation, and air conditioning (HVAC) system for ships using ammonia as a refrigerant. HD Hyundai Heavy has won an approval in principle (AIP) for the system from the American Bureau [...]
SEOUL, June 27 (Korea Bizwire) — South Korea and Greece agreed Tuesday to jointly develop technologies to renovate existing ships into eco-friendly ones in response to tougher emission regulations in the global shipping sector, Seoul’s industry ministry said. Under the agreement, the two nations will carry out projects to develop technologies for the designing of [...]
SEOUL, June 20 (Korea Bizwire) — South Korean steelmakers asked the government Tuesday to persuade the European Union to allow domestic carbon emission calculation methods for a longer period of time ahead of the full implementation of its new carbon border tax. The EU announced the new carbon-pricing system of the Carbon Border Adjustment Mechanism [...]