South Korea
Qingdao Beihai hands over final LNG-powered bulker to H-Line
Chinese shipbuilder Qingdao Beihai Shipbuilding, part of China State Shipbuilding Corporation, has delivered the third 210,000-ton LNG dual-fuel bulk carrier to South Korea’s H-Line Shipping. The Newcastlemax, named HL Trust, is the final LNG-powered bulk carrier in a series of three vessels ordered
Energy Endurance joins Alpha Gas’ LNG carrier fleet
South Korean shipyard Hyundai Samho Heavy Industries (HSHI) has delivered a newbuild LNG carrier, Energy Endurance, to Greek ship management company Alpha Gas. Alpha Gas announced the delivery of the 174,000 cubic meter LNG carrier on January 23, 2024. The vessel was launched in the summer of 2023.
Hanwha Ocean wins $247 million deal for VLAC pair amid growing demand for ammonia carriers
South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), secured its first order for 2024 with an agreement to build two 93,000 cbm ultra-large ammonia carriers equipped with eco-friendly technology. The vessels, valued at approximately KRW 331.2 bill
HD KSOE clinches $366 million deal to build three ammonia carriers
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).
Samsung C&T orders €5 million electrolyser equipment from Nel
Nel Hydrogen Electrolyser, a subsidiary of Nel ASA, has signed a contract for 10 MW of alkaline electrolyser equipment for about €5 million with Samsung C&T Corporation Engineering & Construction Group for the latter’s first off-grid green hydrogen production project to be deployed in South Korea. N
Samsung Heavy Industries bags $235 million gas carrier deal
South Korean shipbuilder Samsung Heavy Industries (SHI) has won a construction contract for two liquified petroleum gas (LPG)/ammonia carriers. The deal, valued at KRW 315 billion ($235 million), was signed with undisclosed shipowners in the Oceania region. Samsung said that the two VLACs are schedu
Hanwa Group to build zero-emission gas carrier powered by alternative fuels
Dong Kwan Kim, Vice Chairman of South Korean business conglomerate Hanwha Group, has unveiled a new vision for the decarbonization of shipping and introduced Hanwha’s plans to build a zero-emission gas carrier at the 2024 World Economic Forum (WEF) meeting in Davos, Switzerland.
Wan Hai Lines names new eco-friendly 13K TEU boxship
Taiwanese shipping company Wan Hai Lines has held a naming ceremony for a new eco-friendly 13,000 TEU containership at Samsung Heavy Industries Geoje shipyard.
HD KSOE resumes winning streak with order for VLGC pair
In a remarkable start to the new year, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has reaffirmed its industry dominance by securing an order for the construction of two Very Large Gas Carrier (VLGC) ships. The undisclosed shipping company based in the Middle East placed the order, va
HD KSOE won orders for 25 ships since the beginning of 2024 worth over $2.15 billion
HD Korea Shipbuilding & Marine Engineering, the holding entity of HD Hyundai Shipbuilding Division, has kickstarted the year on a high note with a flurry of orders. Namely, since the beginning of the year, the South Korean shipbuilding major has signed construction contracts for a total of 25 ships
BIMCO: 2024 brings a whopping 41% surge in containership deliveries, beating 2023 record
In 2023, global shipyards delivered 350 new containerships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024, BIMCO announced. As 2023 saw a relatively low level of container
Hanwha Ocean denies exit from container shipping sector
South Korea’s shipbuilding major Hanwha Ocean, formerly known as Daewoo Shipbuilding, has denied recent media rumors and reports suggesting its exit from the container shipping sector. The Korean media had reported that Hanwha Ocean might discontinue the construction of container ships due to financ