South Korea

South Korean shipbuilder wins $1.8 billion contract for 8 LNG vessels
Korean shipbuilding major Hanwha Ocean has received a construction order for eight LNG vessels from an undisclosed shipowner.

Ulsan Port joins DNV’s decarbonization network to spearhead green efforts
Ulsan Port has become a member of DNV Korea’s decarbonization network, reaffirming its pledge to environmentally friendly shipping practices.

GTT bags new LNGC and VLEC tank design order
GTT has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of two LNGCs and a VLEC.

Ray Car Carriers linked to order for oil tanker quartet at HD KSOE
British shipping company Ray Car Carriers has been linked to order for four oil tankers at South Korean shipyard HD Korea Shipbuilding & Offshore Engineering (HD KSOE).

Wärtsilä signs maintenance contract for KMTC’s containerships
Finnish technology company Wärtsilä has signed a five-year lifecycle agreement with Korea Maritime Transport Co. (KMTC) for its containerships.

HD KSOE to build ammonia carrier trio under $372 million deal
South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured an order for the construction of three very large ammonia carriers (VLACs).

Hanwha Ocean joins forces with BV for 270K LNG carrier development
Classification society Bureau Veritas (BV) and South Korean shipbuilder Hanwha Ocean have completed a joint development project (JDP) for the development of a 270,000 cubic meter (cbm) LNG carrier, resulting in certification of the hull design.

South Korean researchers develop new control method for autonomous ship navigation
A research team from National Korea Maritime & Ocean University in South Korea has developed a new control method that can optimize autonomous ship navigation.

HD KSOE seals $525.4 million deal to build oil tanker quartet
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received a contract to build four oil tankers from an undisclosed shipping company in Europe.

HD Hyundai partners with 3M to insulate liquid hydrogen storage tanks
South Korean shipbuilding giant HD Hyundai and American multinational conglomerate 3M have signed an agreement to work on a joint research project focused on developing a high-performance vacuum insulation system for liquid hydrogen storage and transportation. The project will see 3M and HD Hyundai

K Shipbuilding to use Alfa Laval’s air lubrication systems in tanker newbuild projects
Swedish sustainable solutions provider Alfa Laval has signed the first memorandum of understanding (MOU) for OceanGlide installations with Korean shipbuilding company K Shipbuilding (KSB).

Hyundai Samho hands over final LNG carrier to Alpha Gas
Greek ship management company Alpha Gas has expanded its LNG carrier fleet with the delivery of the newbuild Energy Fortitude. The LNG carrier is the last of three vessels built by South Korean shipyard Hyundai Samho Heavy Industries (HSHI) under Alpha Gas’ most recent LNG project. The Greek company