SEOUL, Nov. 7 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has announced the signing of a US$30 million investment deal with TerraPower, a U.S. nuclear power venture founded by Microsoft co-founder Bill Gates. The small modular reactor (SMR) technology owned by [...]
SEOUL, June 27 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has received a 745 billion won (US$573 million) patrol vessel order from the Philippines. Under the deal signed in Manila, Korea Shipbuilding will build six 2,400-ton offshore patrol ships for the Philippine Navy by 2028, the company said in [...]
SEOUL, June 24 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. said Thursday that it and its affiliate Hyundai Heavy Industries Co. have received approval in principle from Norwegian-German ship quality assurance society DNV and Britain’s Lloyd’s Register for their new liquefied natural gas (LNG) fuel supply system. The newly-developed system, dubbed Hi-eGAS (Hyundai [...]
SEOUL, April 12 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday that the shipyard has opened its European research and development (R&D) center in Germany. The R&D center, located in Dusseldorf, will focus on stepping up cooperation with global counterparts in an effort to secure eco-friendly technologies, said KSOE, a subholding [...]
SEOUL, Sept. 6 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it will develop liquefied hydrogen tanks for ships alongside top steel maker POSCO. Korea Research Institute of Ships and Ocean Engineering (KRISO) and liquefied hydrogen tank maker Hylium Industries Inc. will also participate in the project to develop the tanks, [...]
SEOUL, April 10 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) is estimated to have posted weak earnings in the first quarter, affected by sluggish new orders clinched last year amid the pandemic, industry watchers said Saturday. The shipbuilder is forecast to have recorded 38 billion won (US$34 million) in net income in [...]
SEOUL, March 18 (Korea Bizwire) — South Korean fuel cell maker Doosan Fuel Cell Co. said Thursday that it will team up with Korea Shipbuilding & Offshore Engineering Co. (KSOE) to develop solid oxide fuel cells (SOFCs), energy conversion devices that generate electricity, to be used for ships. Under a preliminary deal with KSOE, the [...]
SEOUL, Jan. 26 (Korea Bizwire) — Major shipbuilder Korea Shipbuilding & Offshore Engineering Co. said Monday that the world’s first liquefied natural gas (LNG) carrier virtual test drive solution had received preliminary approval by Lloyd’s Register, a British quality assurance and risk management company. Korea Shipbuilding’s solution uses a digital twin platform to build a [...]
SEOUL, Oct. 22 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. said Thursday that it and its unit Hyundai Mipo Dockyard Co. have won approval for the design of a commercial hydrogen carrier for the first time in the world. The approval in principle for the design was awarded by KR, South Korea’s ship [...]
SEOUL, Dec. 21 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. said Saturday it plans to set up a joint venture to build engines with Saudi Aramco in March next year in the latest move to strengthen their cooperation. The JV will break ground for the plant in the King Salman International Complex for [...]