South Korea
Fugro to conduct surveys for Equinor’s stalled $12B oil project off Canada
Dutch geo-data specialist Fugro has won a contract to perform surveys for an oil project located off the coast of Newfoundland and Labrador being developed by Norwegian state-owned energy firm Equinor. In its financial results for the first quarter of 2025, issued today, April 24, Fugro reported tha
South Korea–Europe green shipping corridor promises 70% CO₂ cut
The proposed South Korea–Europe Green Shipping Corridor (GSC) could cut carbon emissions by over 70% along key trade routes between Pyeongtaek Port and major European automotive hubs, a new report found.
HD Hyundai Mipo seals $162M contract for two new LPG vessels
South Korean shipbuilder HD Hyundai Mipo (HMD) has clinched an order for two liquefied petroleum gas carriers (LPGCs) valued at KRW 230.6 billion (approximately $161.8 million). The Ulsan-headquartered shipbuilding player did not disclose the shipowner. However, market rumours suggest that the Nethe
Hanwha’s hull monitoring solution gets green light from ABS
South Korea’s Hanwha Ocean has won approval in principle (AIP) from the classification society American Bureau of Shipping (ABS) for its advanced hull monitoring system.
Lloyd’s Register, Pusan National University to advance liquefied hydrogen carrier technology
UK-based classification society Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with the Hydrogen Ship Technology Center at Pusan National University (PNU) in Korea to advance liquefied hydrogen carrier technology and cryogenic engineering.
Solvang: Steel cut for first two of seven Panamax VLGCs
Construction of the first two hulls in the Panamax very large gas carrier (VLGC) newbuilding series, owned by Norwegian shipping company Solvang, has begun in Korea.
‘World’s largest’ LCO2 carrier hits the water
The first 22,000 cubic meter (cbm) liquefied CO2 (LCO2) carrier, dubbed the “world’s largest” and ordered by Greek shipping company Capital Clean Energy Carriers, has been launched in South Korea.
Korea-flagged geotechnical survey vessel in new guise hits the water (Gallery)
Adira Renewables, the wholly-owned subsidiary of Singapore’s offshore services provider Kim Heng and Soiltech Engineering Co Ltd Korea (STE), has launched a geotechnical survey vessel, rebuilt/converted in 2024, into the water. Kim Heng announced today, April 15, the completion of the christening ce
Rig naming ceremony marks Hanwha Ocean’s entrance into deepwater drilling arena
Hanwha Drilling, part of South Korea’s Hanwha Ocean, has held a naming ceremony for a seventh-generation drillship, which will work off the coast of Brazil for Petrobras, the South American country’s energy giant.
ExxonMobil unveils names for new LNG sister ships
ExxonMobil LNG, a subsidiary of the U.S. energy giant ExxonMobil, has named two liquefied natural gas (LNG) tankers it will charter from South Korea’s H-Line Shipping.
LNG newbuild pair joining Polish player’s chartered fleet
Knutsen LNG, part of Norwegian shipping company Knutsen, has taken over a liquefied natural gas (LNG) carrier from HD Hyundai Samho Industries’ shipyard in South Korea to deliver it to its new charterer, Poland’s Orlen.
NGO sounds alarm urging South Korea to halt toxic ship dumping
Despite repeated calls for accountability concerning a number of accidents reported on board South Korean vessels sent for breaking in South Asia, the country’s shipowners continue offloading their end-of-life assets to cash buyers and circumventing international environmental safety stipulations. A