INCHEON, South Korea, Feb. 26 (Korea Bizwire) — South Korea will stress the importance of bilateral cooperation in various industries, such as energy and shipbuilding, in negotiations with the United States on its new tariff plans, Seoul’s industry minister said Wednesday. Industry Minister Ahn Duk-geun made the remarks as he departed for Washington to meet [...]
SEOUL, Feb. 20 (Korea Bizwire) — Hanwha Ocean Co. said Thursday it has successfully delivered the company’s 200th liquefied natural gas (LNG) carrier, marking a major milestone in the shipbuilding industry. According to Hanwha Ocean, the vessel was delivered to SK Shipping Co., which will operate the vessel under a South Korean consortium in the [...]
WASHINGTON, Feb. 19 (Korea Bizwire) — As U.S. President Donald Trump signals interest in closer cooperation with South Korea’s shipbuilding industry, HD Hyundai Heavy Industries has reaffirmed its commitment to working with the United States on naval shipbuilding and repair capabilities. Speaking at a Hudson Institute event in Washington, D.C., on February 19, Ji-hoon Kim, an [...]
SEOUL, Feb. 13 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering (HD KSOE) unveiled a nuclear-powered container ship model featuring small modular reactor (SMR) technology at the Houston Marine Nuclear Summit on February 12, the company announced on February 13. Unlike conventional vessels, nuclear-powered ships do not require exhaust systems or fuel tanks, a design [...]
WASHINGTON, Feb. 11 (Korea Bizwire) – Two U.S. senators have introduced a bill to allow the U.S. Navy to build naval vessels in a trusted ally’s shipyard in order to modernize and expedite construction and procurement processes for U.S. maritime forces, according to one of the lawmakers. On Wednesday last week, Sen. Mike Lee (R-UT) [...]
SEOUL, Feb. 10 (Korea Bizwire) – A U.S. nuclear-powered submarine arrived at a major southeastern naval base in South Korea on Monday to replenish supplies and provide rest for crew members, the South’s Navy said. The USS Alexandria, a Los Angeles-class attack submarine, entered the naval base in Busan, some 320 kilometers southeast of Seoul, [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea ranked first in new global shipbuilding orders in January, outpacing its rival China, industry data showed Friday. South Korean shipyards clinched orders totaling 900,000 compensated gross tons (CGTs) for 13 ships, accounting for 62 percent of the global total at 1.46 million CGTs last month, according to [...]
SEOUL, Feb. 4 (Korea Bizwire) - South Korea’s Hanwha Group said Tuesday it has partnered with global energy technology firm Baker Hughes Co. for the joint development of a low-carbon ammonia gas turbine. Under the agreement, Hanwha Ocean Co. and Hanwha Power Systems Co. plan to expand their technological cooperation with Baker Hughes with a [...]
SEOUL, Feb. 3 (Korea Bizwire) —Hanwha Ocean Co. said Monday it has successfully delivered a large wind turbine installation vessel (WTIV) to global offshore wind farm builder Cadeler one month ahead of its planned delivery date. Ordered in 2021, the WTIV, measuring 148 meters in length and 56 meters in width, is capable of carrying [...]
SEOUL, Feb. 3 (Korea Bizwire) - The Navy held a ceremony on Monday to mark the establishment of a new fleet command aimed at better responding to North Korea’s military threats at sea, officials said. On Saturday, the Navy officially launched the Republic of Korea Navy Task Fleet Command, calling it a “core unit of [...]