South Korea
AET hands over 1st of three LNG-powered VLCCs to Shell
AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has delivered its newest Very Large Crude Carrier (VLCC) powered by dual-fuel LNG engines on long-term charter to Shell Tankers (Singapore) Private Limited. It is the first of three crude tankers to be d
HD KSOE builds world’s 1st ship featuring an ‘AI engineer’
South Korea’s shipbuilding major HD Korea Shipbuilding & Marine Engineering (HD KSOE), the intermediate holding company for shipbuilding under HD Hyundai, has constructed and delivered the world’s first ship equipped with an ‘AI engineer’. The company has delivered and installed an AI-based engine a
Researchers design iridium catalyst for hydrogen generation
Researchers from Korea and the U.S. have developed a novel mesoporous tantalum oxide (Ta2O5)-supported iridium (Ir) nanostructure catalyst via a modified formic acid reduction method that achieves efficient PEM water electrolysis. According to the researchers, this iridium catalyst significantly boo
Hanwha Ocean kicks off construction of Qatar-bound LNG carriers
Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), has started the construction of the first Qatar-bound LNG carrier for K3 Consortium comprising H-Line Shipping, Pan Ocean, and SK Shipping. To mark the start of the construction, the shipbuilder held a steel-cutting cer
SHI’s ammonia fuel supply system for oil tanker and containership wins ClassNK’s approval
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured approval in principle (AiP) from ClassNK for its ammonia fuel supply system developed for oil tanker and containership. ClassNK said it carried out a review of a conceptual design of the system developed by SHI based on part C of it
Clarksons: South Korean yards reclaim throne in orders, while China claims dominance in ship owning
South Korea’s shipbuilding prowess has once again taken the spotlight as it recaptured the top spot in global shipbuilding orders after a five-month hiatus. South Korean shipyards secured 44 percent of the global total of 3.33 million compensated gross tons (CGTs), accounting for orders totaling 1.4
HMM orders four multi-purpose heavy-lift ships in China
South Korea’s flagship carrier HMM has signed a new shipbuilding order with China State Shipbuilding Corporation’s subsidiary Huangpu Wenchong for four 38,000-ton multi-purpose heavy-lift ships. Designed by the Shanghai Merchant Ship Design and Research Institute (SDARI), the vessels will be equippe
Thyssenkrupp Uhde to run feasibility study for Han-Ho H2 hub project
Thyssenkrupp Uhde, a Germany-based subsidiary of Thyssenkrupp that specializes in chemical engineering, has been engaged by Ark Energy, an Australian renewable energy company, on behalf of the Han-Ho H2 consortium, to deliver a feasibility study to support the development of the Han-Ho H2 hub projec
Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition
Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t
HD KSOE to build LNG carrier pair under $530 million deal
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has clinched an order to construct two liquified natural gas (LNG) carriers.
A flurry of orders continues into summer with tankers leading the charge
The global shipbuilding industry is experiencing an impressive surge in demand for new tonnage, with a flurry of newbuilding orders and options being placed over the past week by prominent shipping companies worldwide. Data from shipbrokers shows a remarkable total of 31 firm newbuilding orders, acc
Climeon’s heat recovery tech picked for Maersk’s methanol-fueled boxships
Swedish company Climeon has been contracted to provide waste heat recovery technology for methanol-powered containerships owned by Danish Shipping giant A.P. Moller Maersk.