South Korea

Samsung Heavy lands $1.08 billion deal for five LNG carriers
South Korean shipbuilder Samsung Heavy Industries (SHI) has received orders for the construction of five liquefied natural gas (LNG) carriers.

Samsung Heavy adds shuttle tanker pair to its orderbook as its nears yearly target
South Korean shipbuilder Samsung Heavy Industries (SHI) has won a construction contract for two shuttle tankers, resuming its winning streak into the final weeks of this year. The shuttle tankers have been ordered by an undisclosed company from Oceania, which is paying KRW 346.6 billion ($255 millio

Is third time the charm for a drillship that previous owners cancelled twice?
Transocean has set the wheels into motion to acquire an interest in a newbuild drillship, after entering into a new joint venture.

Samsung Heavy Industries bags $446 million order for LNG carrier pair
South Korean shipbuilder Samsung Heavy Industries (SHI) has received order for the construction of two liquefied natural gas (LNG) carriers.

Samsung Heavy develops liquid hydrogen fuel cell system for ships with DNV’s approval
South Korean shipbuilding major Samsung Heavy Industries (SHI) has developed a liquid hydrogen fuel cell system for ship propulsion and received approval in principle (AiP) from the classification society DNV. As explained, the system uses the electric power generated by liquid hydrogen and polymer

HHI’s next-gen regasification system concept gets nod from ABS
Classification society ABS has granted approval-in-principle (AiP) for a next-generation concept of a regasification system (Hi-ReGAS+) from South Korean Hyundai Heavy Industries Group (HHI).

DSME inks $252 million construction deal for LNG carrier
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received a contract to build one liquefied natural gas (LNG) carrier.

Ocean Yield snaps up third methanol-ready containership
Norwegian shipowning company Ocean Yield AS has agreed to purchase a 5,500 TEU newbuilding container vessel under construction at HJ Shipbuilding, Korea.

ABS okays HHI Group’s CO2 injection system
South Korean Hyundai Heavy Industries Group (HHI Group) has received approval in principle (AiP) from classification society ABS for its large-scale, carbon dioxide (CO2) injection system.

Seaspan launches first 15,000 TEU dual-fuel LNG boxship for charter with ZIM
Seaspan Corporation, a Hong Kong-based owner and operator of container vessels, has launched ZIM Sammy Ofer, the first in a series of ten 15,000 TEU liquefied natural gas (LNG) dual-fuel containerships ordered back in 2021. According to the company’s social media update, the ship was launched in Geo

Maersk’s newly ordered boxships to run on MAN ES methanol engines
German engine manufacturer MAN Energy Solutions (MAN ES) has received a ‘major order’ to deliver dual-fuel methanol engines for six 17,000 TEU containerships being built for Danish integrated logistics company A.P. Moller – Maersk. According to MAN ES, South Korean shipbuilder Hyundai Heavy Industri

South Korea’s first methanol-powered tanker named
South Korean shipowner KSS Line has held a naming ceremony for its methanol-powered MR tanker built at compatriot Hyundai Mipo Dockyard (HMD).