South Korea
Offshore Wind Consultants coming to South Korea
Offshore Wind Consultants (OWC) is setting up an office in South Korea to support the local offshore wind market. “We continue our expansion into key emerging markets such as South Korea. We believe a local presence is central to leveraging our global expertise and providing the best possible local
Hyundai Heavy merges shipbuilding, offshore divisions to survive crisis
Hyundai Heavy Industries (HHI), the biggest shipbuilder in South Korea, has decided to integrate its shipbuilding and offshore business divisions and scale back the organisation by about 20 per cent.
LS Cable & System sends first offshore wind cables to Taiwan
South Korean cable manufacturer LS Cable & System has shipped off the first batch of submarine power cables for the Yunlin offshore wind farm in Taiwan. This is also the company’s first shipment of submarine cables for an offshore wind project in Taiwan. Last year, LS C&S won the right to supply all
Knutsen’s small-scale LNG carrier gets third tank
South Korea’s shipbuilder Hyundai Mipo is continuing works on Knutsen’s small-scale LNG carrier and it has recently installed the third tank onboard the 30,000-cbm vessel. The newbuild will be one of the world’s first small and medium-scale LNG carriers to feature C-type bi-lobe cargo tanks. Hyundai
Flex LNG to take delivery of first 2020 newbuild vessel
Flex LNG, the shipping company controlled by billionaire John Fredriksen, is to take delivery of its first newbuild vessel for this year. The Norway-based company said on Wednesday it expects LNG carrier Flex Aurora to join its fleet by end of July. South Korea’s Hyundai Heavy is building the uncomi
BW’s ME-GI LNG newbuild wrapping up gas trials
BW LNG’s new ME-GI carrier recently left the Daewoo Shipbuilding and Marine Engineering yard in South Korea for gas trials. The vessel is BW’s fifth newbuilding with M-type, electronically controlled, gas-injection propulsion and re-liquefaction system, in a series of nine ships ordered at the Korea
DSME scores Novatek LNG order
South Korea’s Daewoo Shipbuilding & Marine Engineering has won an order to build liquefied natural gas barges for Russian LNG producer Novatek. Under the deal, Daweoo will build two 360,000-cbm LNG barges for about 901.3 billion won ($748.2 million) with an option for two additional units. The float
HHI secures $388 million green loan
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks.
South Korean shipbuilders surge on giant Qatar LNG deal
Shares of South Korean shipbuilders surged on Tuesday following a landmark deal for Qatari liquefied natural gas carriers. LNG producing giant Qatar Petroleum said on Monday it signed deals with South Korea’s biggest three shipbuilders to secure more than 100 vessels worth about $19.2 billion. This
Samsung Heavy launches GasLog LNG newbuild
South Korea’s shipbuilding giant Samsung Heavy Industries has launched a new liquefied natural gas carrier for Greece-based LNG shipper GasLog. The launching event of the LNG carrier GasLog Galveston (SN2301) was held at the Korean yard on May 30. GasLog says it expects to take delivery of the 174,0
WE Tech nets contract for Shell-chartered LNG carriers
Finland’s WE Tech Solutions has won a contract to supply equipment to eighth liquefied natural gas carriers that will go on charter to LNG giant Shell. WE Tech says it will start supplying its equipment in February 2021. The delivery package includes two sets of direct drive permanent magnet shaft g
DSME starts building new BW LNG carrier
South Korea’s Daewoo Shipbuilding and Marine Engineering has started construction on a new liquefied natural gas carrier for BW LNG. The Korean yard hosted a keel-laying ceremony to mark the construction start of the vessel on Wednesday. The LNG carrier is the sixth BW LNG vessel in a series of eigh