ULSAN, March 24 (Korea Bizwire) — With South Korea’s shipbuilding industry experiencing its strongest boom in 15 years, the Dong-gu district of Ulsan is taking steps to better accommodate its rapidly growing foreign population with new comprehensive support measures. The district council recently passed amendments to its foreign resident support ordinance, requiring the local government to develop, [...]
ULSAN, South Korea, March 21 (Korea Bizwire) — HD Hyundai Mipo announced Thursday it had successfully delivered South Korea’s first hybrid-propulsion roll-on/roll-off (Ro-Ro) vessel, marking a significant milestone in the nation’s shipbuilding industry. The vessel, named Chaumine, combines diesel engines with electric battery power and was delivered to CLdN, a shipping company based in Luxembourg. [...]
SEOUL, March 21 (Korea Bizwire) — After a decade of struggle, the shipbuilding industry on Geoje Island is roaring back to life, with Hanwha Ocean and Samsung Heavy Industries both surpassing 10,000 employees each and offering substantially higher wages amid a global shipping boom. According to business reports released on March 19, Hanwha Ocean and [...]
SEJONG, South Korea, March 17 (Korea Bizwire) — Hanwha Group is making a renewed attempt to acquire Austal, an Australian shipbuilding company that supplies vessels to the U.S. and Australian navies, through its defense affiliates Hanwha Systems and Hanwha Aerospace. The move follows Hanwha’s previous failed bid in April 2024, when its subsidiary Hanwha Ocean offered [...]
ULSAN, South Korea, March 17 (Korea Bizwire) — HD Hyundai Heavy Industries has developed the world’s first 3D printing technology for emergency maintenance, repair, and overhaul (MRO) on operating vessels, the company announced Monday. The company successfully completed final testing and demonstrations of the “3D Printing Digital Workshop” at HD Hyundai Samho in Mokpo, South Korea. [...]
SEOUL, March 17 (Korea Bizwire) — Hanwha Ocean Co. said Monday it has secured a 2.3 trillion-won (US$1.59 billion) order from Evergreen Marine Corp. of Taiwan to build six ultra-large liquefied natural gas (LNG) carriers. The 24,000 twenty-foot equivalent unit (TEU) ships will feature advanced eco-friendly technologies by Hanwha Ocean, including dual-fuel engines and shaft [...]
ULSAN, South Korea, March 16 (Korea Bizwire) – HD Hyundai Heavy Industries has launched the shipbuilding industry’s first proprietary Korean language proficiency test for foreign workers, aiming to improve workplace communication and safety. On Sunday, the company administered the HD TOPIC (Test of Korean for Practical Industrial Communication) at its Ulsan headquarters, evaluating approximately 500 [...]
SEOUL, March 14 (Korea Bizwire) — In a bid to address the growing demand for skilled foreign labor, the South Korean government, in collaboration with local municipalities, is launching a pilot program to train foreign workers in their home countries before their employment in South Korea. The Ministry of Employment and Labor announced on Thursday that [...]
SEOUL, March 7 (Korea Bizwire) — South Korea fell to second place in new global shipbuilding orders in February, with China taking over the lead, industry data showed Friday. South Korean shipyards clinched orders totaling 290,000 compensated gross tons (CGTs) for seven ships, accounting for 14 percent of the global total at 2.07 million CGTs [...]
SEOUL, March 7 (Korea Bizwire) — Chung Ki-sun, senior vice chairman of South Korean shipbuilding conglomerate HD Hyundai Co., recently met with the head of Palantir Technologies Inc. to discuss shipyard projects utilizing artificial intelligence (AI) technology, according to industry sources Friday. Chung met with Alex Karp, chief executive officer (CEO) of the American defense [...]