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, July 6 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has replaced existing contracts for three liquefied natural gas (LNG) carriers with new ones with a higher price tag amid supply chain disruptions. KSOE, a subholding company of global shipping titan Hyundai Heavy Industries Holdings, said in a regulatory [...]
SEOUL, April 19 (Korea Bizwire) — The Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has succeeded in conducting a virtual test run of an autonomous passenger ship. KSOE, a subholding company of Hyundai Heavy Industries Holdings, said the company joined hands with its autonomous navigation subsidiary Avikus in carrying out the test [...]
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, 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 [...]