SEOUL, Oct. 4 (Korea Bizwire) – As international oil prices continue to soar due to the extension of oil production cuts by Saudi Arabia and Russia, offshore platforms drilling for oil and gas stored beneath the sea and tankers for transport are coming into the spotlight. According to Clarkson Research, a U.K.-based specialist in analyzing shipbuilding [...]
CHANGWON, Sept. 23 (Korea Bizwire) – K Shipbuilding, in collaboration with Doosan Robotics, has successfully developed welding automation equipment that utilizes collaborative robots to engrave characters onto ship hulls. This achievement was announced by the company on Friday. Collaborative robots, designed to operate alongside humans and engage in physical interactions with them, played a pivotal role [...]
SEOUL, Sept. 21 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Thursday it has signed an agreement with three foreign institutions on the development of a large liquefied carbon dioxide carrier. The deal calls for Hanwha Ocean and the institutions to share their know-how and experiences to develop a 40,000-cubic-meter liquefied CO2 [...]
SEOUL, Sept. 8 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a series of certifications for eco-friendly technologies from major global maritime rating agencies at an ongoing world gas industry exhibition. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), has obtained an approval in principle (AIP) [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korean shipbuilders lagged far behind their Chinese rivals in new global orders to place second worldwide in August amid sinking demand, industry data showed Wednesday. Local shipyards won a combined 270,000 compensated gross tons (CGTs) in new orders last month, accounting for 13 percent of the global total [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s shipbuilding-to-energy conglomerate HD Hyundai Group said Monday it will showcase eco-friendly vessels, and seek cooperation with global ship registers and shippers in an upcoming world gas exhibition. HD Hyundai said it will display models of a liquefied natural gas (LNG) carrier, a liquefied petroleum gas (LPG) ship, [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Thursday it has won an approval in principle for a floating carbon dioxide storage unit (FCSU) from Norwegian accredited registrar and classification society DNV. The floating unit, developed jointly with Malaysia’s MISC Berhad, is 330 meters long and 64 meters wide, [...]
SEOUL, Aug. 30 (Korea Bizwire) — The South Korean government provided more than 10,000 workers, including around 8,400 foreign workers, for local shipbuilders in the first half of 2023 in an effort to ease pandemic-related labor shortages, the industry ministry said Wednesday. A total of 10,104 South Korean and foreign workers were employed by shipbuilders [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean shipbuilders are bolstering their research and development (R&D) investments to secure a larger stake in upcoming markets, such as environmentally friendly vessels and autonomous ships. According to industry data, the three leading shipyards of the country invested 125.6 billion won (US$94.6 million) in R&D during the first [...]
SEOUL, Aug. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Wednesday it will raise 2 trillion won (US$1.5 billion) via a rights offering to secure funds for facility investments and other purposes. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), will issue some 89.48 million common shares at a [...]