GEOJE ISLAND, Aug. 12 (Korea Bizwire) — Hundreds of workers put the final touches on the St. Petersburg, one of the world’s largest container ships, at a shipyard in southern South Korea this week as the Asian country pushes to revive its shipping industry. The workers tested marine and electrical systems of the vessel with [...]
SEOUL, Dec. 10 (Korea Bizwire) — SK Telecom Co., South Korea’s leading telecommunications operator, and Samsung Heavy Industries Co., a major shipbuilder, said Tuesday their 5G-powered remote control ship operation test was successful. A 3.3-meter model ship made by Samsung Heavy sailed successfully in the sea near the shipbuilder’s shipyard in Geoje, South Gyeongsang Province, [...]
SEOUL, Oct. 8 (Korea Bizwire) — Samsung Heavy Industries Co., a major shipbuilder in South Korea, said Tuesday it has secured a US$920 million order to build six of the world’s largest container ship. Under the deal with Taiwanese shipping firm Evergreen Marine Corp., Samsung Heavy will build six ultra-large box ships with a capacity [...]
SEOUL, Sept. 26 (Korea Bizwire) — Samsung Heavy Industries Co., a major shipbuilder here, said Thursday it has developed the world’s first Aframax crude oil tanker (COT) powered by fuel cells. Samsung Heavy said it had acquired approval in principle from DNV GL, a Norway-based classification society, for its fuel cell-powered Aframax COTs. Completion of [...]
SEOUL, Jul. 29 (Korea Bizwire) — Samsung Heavy Industries Co., a major shipbuilder in South Korea, said Monday it has developed a lithium-ion battery power system for ships. The system, jointly developed with local battery manufacturer Samsung SDI Co., earned a type approval from Norway’s renowned classification society DVL-GL, becoming the first local shipbuilder to [...]
SEOUL, Feb. 8 (Korea Bizwire) — Samsung Heavy Industries Co., a major South Korean shipyard, is unlikely to join the race to take over Daewoo Shipbuilding & Marine Engineering Co., as its parent Samsung Group is not interested in further expanding its shipbuilding business, industry sources said Friday. Last month, the state-run Korea Development Bank [...]
SEOUL, Jan. 29 (Korea Bizwire) — Samsung Heavy Industries Co., a major South Korean shipbuilder, said Monday that it has sold an offshore facility to a European company for around US$500 million. Samsung Heavy said in a regulatory filing that it is set to deliver the semi-submersible drilling rig to the company by the end [...]
SEOUL, Dec. 26 (Korea Bizwire) — Samsung Heavy Industries Co., one of the world’s leading shipbuilders, is encouraging its employees to use up their remaining paid vacation days as part of its efforts to cut costs, a company official said Tuesday. More than 4,000 of its employees are scheduled to go on vacation from Tuesday [...]
SEOUL, Dec. 6 (Korea Bizwire) — Samsung Heavy Industries Co., one of the world’s leading shipbuilders, said Wednesday that it will raise 1.5 trillion won (US$1.3 billion) in a rights issue by May to improve its financial status. The capital increase “is aimed at paying corporate bonds and other debts maturing in 2018, as well [...]
SEOUL, Sept. 26 (Korea Bizwire) – Samsung Heavy Industries Co, a major South Korean shipyard, said Tuesday that it has clinched a 1.1 billion-won (US$968 million) deal to build six container vessels. In a regulatory filing, Samsung Heavy said it would deliver the vessels by the end of 2019. The shipyard did not reveal the [...]