South Korea
HD KSOE broadens presence in Vietnam with new strategic acquisition
South Korean HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company of HD Hyundai’s shipbuilding division, has decided to expand its footprint in Southeast Asia by acquiring Doosan Vina, an arm of Vietnam-based Doosan Enerbility. As disclosed, HD KSOE signed a stock
HD Hyundai, Bill Gates-founded TerraPower advance nuclear supply chain cooperation
Leaders of the South Korean conglomerate HD Hyundai and the US-based nuclear reactor design and development engineering company TerraPower have met to review nuclear supply chain expansion and commercialization progress.
South Korea amends regulations to support green shipping and shipbuilding efforts
South Korea’s Ministry of Oceans and Fisheries (MOF) has revised the rules on the standards and certification of environmentally friendly vessels to further promote and support sustainability-oriented efforts within the shipping and shipbuilding sectors. As disclosed, the new rules, in effect from A
HD Hyundai hosts US-Korea MASGA shipbuilding cooperation talks
Government officials from the United States and South Korea have visited HD Hyundai’s headquarters in Ulsan to discuss ways to strengthen bilateral cooperation in the shipbuilding sector.
HD Hyundai arms clinch ‘world’s first’ technology validation for brand-new electric propulsion system
HD Hyundai affiliates, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HHI), have secured the ‘world’s first’ New Technology Qualification (NTQ) from classification society American Bureau of Shipping (ABS) for its ‘next-generation’ electric propulsion solutio
Maersk expands green fleet with new methanol dual-fuel unit
Danish container shipping and logistics heavyweight A.P. Moller – Maersk has added a brand-new methanol dual-fuel boxship to its fleet. As revealed in a social media post, Maersk’s latest newbuilding—christened Beijing Maersk—is already in service. The unit, which is the second in a series of six, w
Korean and Canadian institutions join forces on sustainable technologies
The Korea Institute of Machinery and Materials (KIMM) has signed a memorandum of understanding (MoU) with Natural Resources Canada (NRCan) to collaborate on technologies related to resource recovery and environmental sustainability.
South Korea’s Taihan Cable & Solution wins domestic inter-array cable contract
Taihan Cable & Solution has won a turnkey contract for the supply and installation of inter-array cables at the 532 MW Anma offshore wind farm in South Korea. The contract, valued at approximately ₩181.6 billion (about €113 million), is planned to run until the end of 2028. Under the contract, Taiha
South Korea commits $150B to help revive US shipbuilding
South Korea has pledged $150 billion into a dedicated United States shipbuilding rejuvenation fund, as part of a much larger, $350 billion bilateral trade agreement with Washington. According to the South Korean government, the deal will aim to breathe new life into the American vessel construction
DHT Holdings bags financing for future-fit VLCC quartet
Bermuda-headquartered crude oil tanker company DHT Holdings has entered into a $308.4 million senior secured credit facility for the post-delivery financing of four of the company’s newbuilds currently under construction in South Korea. The vessels in question are a quartet of environmentally friend
HD KSOE to construct new dual-fuel LNG boxship duo for Greek shipowner
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a shipbuilding intermediate holding company of HD Hyundai, has been commissioned by Greece-based shipowner Capital to build a new pair of dual-fuel liquefied natural gas (LNG)-powered container vessels. According to Greek shipbrok
HD Hyundai, H-Line Shipping launch joint effort on AI-led autonomous vessel technologies
South Korea’s heavyweight HD Hyundai Group has entered into an agreement with compatriot maritime transport company H-Line Shipping to jointly create AI-backed autonomous, environmentally friendly vessel technology. More specifically, as disclosed, the “Joint Development of AI-Based Autonomous and E