SEOUL, March 15 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co., the world’s fourth-biggest shipbuilder by orders, said Tuesday it has signed an initial pact with a British shipbuilder for warship technology development. Daewoo Shipbuilding has signed a memorandum of understanding with Babcock International for a “strategic partnership” in developing technologies in aircraft carriers, [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s antitrust regulator said Friday it will end its deliberation of Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., as the company withdrew its tie-up review proposal following the veto by European authorities. The European Commission vetoed Hyundai’s proposed merger [...]
SEOUL, Jan. 13 (Korea Bizwire) — The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues. The European Commission announced its decision to block the merger of the South Korean shipbuilders, arguing the tie-up could create a monopoly [...]
SEOUL, Dec. 13 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it has secured a technology to prevent cracks in the welded parts of submarines. DSME has developed the technology after two years of research and development since 2019 in cooperation with steelmaker POSCO and KR, a South Korean ship [...]
SEOUL, Dec. 6 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it plans to develop indexes to assess the performance of Korean shipbuilders’ ESG management activities. ESG is short for environmental, social and governance criteria using factors to evaluate companies on how far advanced they are in the sectors of [...]
SEOUL, Nov. 29 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has launched a virtual center to train ship painters. The shipbuilder said the virtual training center will give painters the same experience as actual workplaces and will reduce costs. In addition to the heavy costs and time required to [...]
SEOUL, Nov. 4 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has developed a virtual experience platform for ship construction for the first time in the local shipbuilding industry. The platform is mixed reality combining technologies of virtual reality and augmented reality, which allows for the experience of all processes [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s two leading shipbuilders are competing against each other to obtain an order for the country’s first light aircraft carrier. The Navy is pushing to complete the project for a 30,000-ton aircraft carrier by 2033, though it did not reveal the date of open bidding for a basic [...]
SEOUL, Oct. 8 (Korea Bizwire) — The proposed acquisition involving South Korea’s leading shipbuilders has been deadlocked for more than a year, as the European Union antitrust regulator shows no signs of resuming its probe into the deal. In 2019, Hyundai Heavy Industries Holdings Co., the holding company of the global shipbuilding conglomerate Hyundai Heavy [...]
SEOUL, Sept. 16 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed a technology to store carbon dioxide captured in ship engine emissions. The technology developed in cooperation with a local ship part supplier, HI AIR Korea Co., will help ships in operation reduce their carbon dioxide emissions to [...]