SEOUL, Oct. 26 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) called on Samsung Heavy Industries Co. on Wednesday to fulfill due corporate responsibility to better ensure worksite safety following a deadly crane accident in 2017. In May 2017, two cranes collided at the shipbuilder’s shipyard in the [...]
SEOUL, June 22 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Wednesday it has clinched a 3.9 trillion-won (US$3 billion) order to build 14 liquefied natural gas (LNG) carriers in the Bermudas and Africa. Samsung Heavy said it will construct 12 174,000-cubic-meter LNG carriers worth 3.33 trillion won for an unidentified Bermudan [...]
SEOUL, April 8 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Thursday that it had signed a memorandum of understanding with Danish startup Seaborg Technologies to develop floating nuclear power plants. The two parties intend to develop a floating nuclear power plant on the basis of compact molten salt reactor (CMSR), a [...]
SEOUL, March 15 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday that it will release a new carbon emissions control system designed to ensure the efficient control and management of engine output to reduce a ship’s carbon emissions, in the latter half of this year. The newly-developed Samsung Smart Power Limitation [...]
SEOUL, Jan. 26 (Korea Bizwire) — Samsung Heavy Industries Co. said Tuesday it has won approval in principle (AIP) from the Korean Register of Shipping (KR), a South Korean ship quality assurance and risk management company, for its newly-developed ‘on-board carbon capture system’ that can be used on liquefied natural gas (LNG)-powered ships. The carbon [...]
SEOUL, Nov. 29 (Korea Bizwire) — Samsung Heavy Industries Co. said Monday it has signed a deal with Microsoft Korea to cooperate on the digitalization of its shipyard. Samsung Heavy said it plans to build up a collaboration system among each shipbuilding sector in its shipyard by using cloud computing service Azure, artificial intelligence, group [...]
SEOUL, Nov. 18 (Korea Bizwire) — Samsung Heavy Industries Co. said Thursday that it has successfully demonstrated its gas liquefaction technology to sharpen its competitive edge for orders of floating liquefied natural gas (FLNG) facilities. With the successful demonstration of the gas liquefaction technology named “SENSE IV,” Samsung Heavy will be better positioned to beat [...]
SEOUL, Oct. 21 (Korea Bizwire) — Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a storage tank and carrier to transport liquefied hydrogen, from Lloyd’s Register, a British ship quality assurance and risk management company. AIP for the conceptual design means a certification agency [...]
SEOUL, Oct. 13 (Korea Bizwire) — Samsung Heavy Industries Co. said Wednesday that it has developed an eco-friendly generator in cooperation with LG Innotek Co., a local major electronics parts maker. The world’s first thermo-electric generator developed by Samsung Heavy Industries and LG Innotek is a device that produces electricity by being mounted on the [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Tuesday it will close one of its Chinese plants due to decreased productivity caused by its superannuated facilities. Samsung Heavy has been in talks with the Chinese government to hand over the land and other assets by Samsung Heavy Industries Ningbo [...]