South Korea
South Koreans establish subsea base in Taiwan
South Korean LS Marine Solutions is entering the Taiwanese subsea business with the establishment of a base in Taipei. The base in Taipei represents LS Marine Solutions’ first overseas base. The company plans to cooperate with LS Cable & System to build a sales network and strengthen marketing for c
GS Caltex, POSCO, and H-Line Shipping join forces on biofuel trial
South Korea’s shipping major H-Line Shipping and steel giant POSCO have joined hands with compatriot refiner GS Caltex to champion carbon reduction in the maritime realm by using marine biofuel. The three companies inked a Memorandum of Understanding (MoU) on October 5, 2023 in Seoul, signaling the
Gunvor and Solvang form JV, order five carbon capture-ready VLGCs
Geneva-based energy trading firm Gunvor Group and Norwegian shipping company Solvang ASA have formed a joint venture to own and operate next-generation eco-vessels for the liquefied petroleum gas (LPG) market. The joint venture has placed an order for five very large gas carrier (VLGC) newbuilds wit
HD KSOE, Kepco win ABS’ AiP for floating nuclear power barge
HD Korea Shipbuilding & Offshore Engineering (KSOE) and KEPCO Engineering and Construction Company (KEPCO E&C) have received approval in principle (AiP) from classification society ABS for a new design of a floating offshore nuclear power barge.
BV and Hanwha Ocean work on 3D model-based classification approval
Classification society Bureau Veritas (BV) and Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering Co. (DSME), have completed a joint development project (JDP) to enable 3D model-based approval for the classification of ships.
SHI develops ‘industry first’ laser high-speed welding robot for LNGCs
South Korean shipbuilder Samsung Heavy Industries (SHI) has developed a laser high-speed welding robot for use in the construction of liquefied natural gas carriers.
Hanwha and affiliates to establish clean hydrogen value chain
South Korean Hanwha Group has announced the potential creation of a comprehensive clean hydrogen value chain through collaboration with seven of its affiliates, Hanwha Corporation, Hanwha Energy, Hanwha Solutions, Hanwha Aerospace, Hanwha Ocean, Hanwha Impact and Hanwha Power Systems. The hydrogen v
HD Hyundai strikes deal for 16 sets of methanol-powered engines
HD Hyundai Heavy Industries – Engine & Machinery has signed a contract for a total of 16 sets of methanol-powered engines.
WinGD, KSS Line forge alliance on ammonia-powered future
Swiss marine power company WinGD has signed a memorandum of understanding with South Korean shipowner KSS Line to explore X-DF-A dual-fuel ammonia engines for future newbuilds. WinGD is due to begin validation of its ammonia-fuelled engine concept on single and multi-cylinder test engines, in Winter
KRISO secures ABS’ approval for its offshore hydrogen and ammonia production platform
The Korea Research Institute of Ships & Ocean Engineering (KRISO) has received approval in principle (AiP) from classification society ABS for its design of an offshore hydrogen and ammonia production platform. KRISO’s design entails the production of green hydrogen using electricity generated by a
SHI to demonstrate its digital twin technology on Pan Ocean’s LNG carrier
South Korean companies Samsung Heavy Industries (SHI) and Pan Ocean have teamed up to demonstrate a digital twin-based ship management platform on one of Pan Ocean’s LNG carriers. To this end, SHI and Pan Ocean signed a memorandum of understanding (MoU) for the development of comprehensive digital s
BV, Hanwha Ocean team up on LNG fuel tanks for ultra-large boxships
Classification society Bureau Veritas (BV) and South Korean shipbuilder Hanwha Ocean have announced a Joint Development Project (JDP) on the structural assessment of independent liquified natural gas (LNG) fuel tanks for ultra-large container ships.