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Archive by category Shipbuilding

U.S. Nuclear-powered Submarine Arrives in S. Korea to Replenish Supplies

U.S. Nuclear-powered Submarine Arrives in S. Korea to Replenish Supplies

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, [...]

S. Korea Ranks 1st in Global Shipbuilding Orders in Jan.

S. Korea Ranks 1st in Global Shipbuilding Orders in Jan.

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 [...]

Navy Holds Ceremony Marking Launch of New Fleet Command

Navy Holds Ceremony Marking Launch of New Fleet Command

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 [...]

Chinese Shipyards Dominate Global Orders as Korean Shipbuilders Focus on High-Value Projects

Chinese Shipyards Dominate Global Orders as Korean Shipbuilders Focus on High-Value Projects

SEOUL, Jan. 27 (Korea Bizwire) —  In 2024, seven of the world’s top 10 shipbuilders by order volume were Chinese, reflecting a shift in global shipbuilding dynamics as Chinese shipyards capitalized on volume-based strategies, according to data released on January 26 by UK-based Clarkson Research. The top four shipyards—New Times Shipbuilding, Hudong-Zhonghua Shipbuilding, Yangzijiang Shipbuilding, and [...]

HD Hyundai Marine Solutions Launches AI-Based Route Optimization Solution on Shipping Vessels

HD Hyundai Marine Solutions Launches AI-Based Route Optimization Solution on Shipping Vessels

SEOUL, Jan. 24 (Korea Bizwire) — HD Hyundai Marine Solutions, the marine solutions arm of HD Hyundai, announced on Wednesday that its artificial intelligence-based route optimization system, OceanWise, will be deployed for the first time on vessels operated by leading South Korean shipping companies, SK Shipping and Hyundai Glovis. OceanWise utilizes big data and AI algorithms [...]

HD Korea Shipbuilding Wins 3.72 Tln-won Order for 12 LNG Container Ships

HD Korea Shipbuilding Wins 3.72 Tln-won Order for 12 LNG Container Ships

SEOUL, Jan. 23 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Thursday it has secured a 3.72 trillion-won (US$2.59 billion) order to build 12 liquefied natural gas container ships. The company said in a regulatory filing that the vessels were ordered by an unnamed European shipping company, though industry reports [...]

S. Korea Begins Project to Build Final Batch of Next-generation Frigates

S. Korea Begins Project to Build Final Batch of Next-generation Frigates

SEOUL, Jan. 22 (Korea Bizwire) — The state defense procurement agency officially launched the fourth and final phase of its next-generation frigate project on Wednesday as part of efforts to replace the Navy’s aging warships. Defense officials and companies involved in the project gathered at Hanwha Ocean Co.’s headquarters in Geoje, 329 kilometers southeast of [...]

S. Korea on Track in Preparing for Major Global Maritime Conference

S. Korea on Track in Preparing for Major Global Maritime Conference

SEOUL, Jan. 20 (Korea Bizwire) — The oceans ministry said Monday it will spare no effort to successfully prepare for a global maritime conference scheduled to be held in the country this April, providing a venue for countries and civic societies to discuss the future of the sector. The 10th Our Ocean Conference (OOC) will [...]