South Korea
Doosan and Kolon to develop hydrogen fuel cell business model using biogas
South Korea-based companies Doosan Fuel Cell and Kolon Global have signed a ‘Basic Agreement for Mid- to Long-term Business and Expansion of Cooperation Areas’ to cooperate step by step to develop an eco-friendly hydrogen fuel cell business model using biogas. Under the agreement, Doosan Fuel Cell w
Breaking ground: Maersk reveals design details of its methanol-powered feeder
Maersk, the Danish container shipping major, has announced the design details of its first methanol-powered vessel. The company shared photos of the vessel’s design on its social media channels, showing off the feeder vessel from multiple angles. This is a significant milestone for the company and t
Samsung Heavy partners with Kongsberg for next-gen autonomous LNG carrier
South Korean shipbuilder Samsung Heavy Industries (SHI) and Norwegian maritime technology group Kongsberg Maritime (KM) have signed an agreement for the development of autonomous LNG carriers. Under the joint development agreement, the companies aim to develop a 174,000 cbm next-generation LNG carri
Alphaliner: Armada of big ships readies to hit the market as demand falters
In 2023, the world’s top eleven ocean carriers, which include nine members from three global alliances as well as ZIM and Wan Hai Lines, are set to add a whopping 89 large mainline container ships to their fleets, according to Alphaliner. This development is poised to have a significant impact on th
OCI and Lotte team up for supply of low carbon and green ammonia
OCI Global, a producer and distributor of hydrogen-based products, and Lotte Fine Chemical, an ammonia distributor based in South Korea, have signed a Memorandum of Understanding (MoU) for the supply of low carbon and green ammonia, with first shipments starting this year from OCI’s US facilities. T
AMPTC orders gas carrier duo at Hyundai Heavy
Arab Maritime Petroleum Transport Company (AMPTC) has placed an order for the construction of two very large gas carriers at South Korean Hyundai Heavy Industries (HHI). The two VLGCs are slated for delivery by the end of August 2026, HHI’s parent, Korea Shipbuilding & Marine Engineering (KSOE) said
ABS teams up with Korean shipbuilders to standardize Scope 3 emissions
Classification society American Bureau of Shipping (ABS) has launched a joint development project (JDP) involving all the leading Korean shipyards and classification group Korean Register (KR) to address a growing need in the calculation of greenhouse gas (GHG) Scope 3 emissions.
HD Hyundai, Avikus to spearhead verification of fuel savings through autonomous navigation
South Korea’s shipbuilding major Korea Shipbuilding & Offshore Engineering, a subsidiary of HD Hyundai, has signed an agreement with Avikus, a compatriot startup specializing in autonomous navigation solutions, to conduct a fuel-saving verification project using autonomous navigation systems. The pr
Report: KSOE reveals design of SMR-powered vessel
Korean shipbuilding giant, Korea Shipbuilding & Offshore Engineering (KSOE), has unveiled the design of a small modular reactor (SMR)-powered ship, Business Korea reports. This marks the first time a Korean company has revealed such a detailed design concept for an SMR-powered vessel as nuclear powe
Wan Hai welcomes 1st eco-friendly 13,200 TEU boxship from HHI
Taiwanese shipping company Wan Hai Lines has taken delivery of a 13,100 TEU containership from South Korean shipbuilder Hyundai Heavy Industries (HHI).
HMM orders MAN ES’ methanol-fuelled engines for its 9,900 TEU boxships
South Korean shipping company HMM has selected dual-fuel methanol engines from German engine manufacturer MAN Energy Solutions (MAN ES) which are to be installed on 9,900 TEU containerships.
More work for Shearwater offshore South Korea
Shearwater GeoServices has secured a third project offshore South Korea with Korea National Oil Corporation (KNOC). Under the contract, Shearwater GeoServices will deliver a 3D streamer survey covering 1,200 square kilometers. “We are proud to again have been chosen by KNOC for an important survey i