Search results for: ulsan

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  • 4 November 2014
    Business & Finance

    South Korea’s City of Ulsan is planning to launch a preliminary feasibility study  for the construction of an LNG bunkering station at the Port of Ulsan,Yonhap reports. Once constructed, the station will enable LNG-powered vessels to re-fuel at sea without anchoring. The city has identified the expected increase in LNG-powered vessels, as well as the steady demand for the […]

  • 19 February 2019
    Authorities & Government, Research & Development

    South Korea’s City of Ulsan and the Danish government, through the Embassy in Korea, have signed a Memorandum of Understanding (MoU) to cooperate on renewable energy development with a specific focus on offshore wind and floating wind. The MoU will focus on establishing policies and the exchange of information on renewable energy in the areas of wind power, […]

  • 21 March 2017
    Business & Finance

    Pressured by a slump in new shipbuilding orders, the South Korean shipbuilder Hyundai Heavy Industries (HHI) informed that it is looking to close another one of its dry docks at the Ulsan shipyard, the Korean newspaper Pulse reported. The facility in question is the 380-meter-long Dock 5, which has a capacity to roll out 400,000 […]

  • 6 May 2019
    Business & Finance, Research & Development

    Norway’s Equinor has signed a Memorandum of Understanding (MoU) with South Korea’s Ulsan City to cooperate on the development of floating wind projects in South Korea. Under the MoU, Equinor and Ulsan City will jointly explore the opportunities for the development of floating wind projects in South Korea. According to Ulsan City, Equinor, the operator […]

  • 10 June 2019

    Macquarie’s Green Investment Group (GIG) has completed the installation of South Korea’s first floating LiDAR, marking the launch of the 1.4GW Ulsan offshore wind project. Located about 60 kilometers east of Seosang-myon, Ulju-gun, Ulsan City, the Ulsan project is being progressed in three separate phases. Development of the first 400MW phase is targeted for completion […]

  • 22 April 2014
    Business & Finance

    Two workers were killed and two injured in a fire accident that happened at Hyundai Heavy Industries’ shipyard in Ulsan on April 21. The fire broke out on a newbuilding Hull 2657, an 84,000-ton LPG carrier which is being built for Dorian LPG Ltd. The company confirmed the incident saying that the cause of the fire […]

  • 28 January 2019
    Authorities & Government, Human Capital, Operations & Maintenance, Project & Tenders, Research & Development, Technology

    The City of Ulsan has signed a Memorandum of Understanding with four domestic and foreign partnerships and investors to build and maintain floating wind farms, as well as to create a local supply chain in South Korea. The four developers include a partnership between Royal Dutch Shell and CoensHexicon, which is a joint venture between […]

  • 4 November 2014

    Ulsan port is set to look into the possibility of developing an LNG bunkering station.

  • 26 August 2015
    Business & Finance

    Around 3,500 workers at South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) staged a three-hour work stoppage at the company’s headquarters in Ulsan on August 26 to protest the announced wage freeze, according to Yonhap News Agency. The management of HHI announced plans to freeze wages for its workers following dismal financial results recorded in […]

  • 26 August 2015
    Business & Finance

    Around 3,500 workers at South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) staged a three-hour work stoppage at the company’s headquarters in Ulsan on August 26 to protest the announced wage freeze, according to Yonhap News Agency. The management of HHI announced plans to freeze wages for its workers following dismal financial results recorded in […]

  • 22 April 2014

    A fire broke out yesterday at the Hyundai Heavy Industries (HHI) shipyard in Ulsan, South Korea, killing two people and injuring two more who were working on the dock, according to local media reports. The fire started at 4:04 p.m. at HHI’s No. 5 dock which is used to construct liquefied petroleum gas carriers. HHI […]

  • 17 September 2018
    Business & Finance

    A superstructure block of a VLCC slipped from a barge and sank while underway in Ulsan waters on September 15.

  • 21 May 2019
    Authorities & Government, Business & Finance

    Denmark’s Municipality of Esbjerg has signed an agreement to establish cooperation in the field of offshore wind energy with South Korea’s Ulsan Metropolitan City. In February 2019, the Royal Danish Embassy in Korea entered a cooperation agreement on renewable energy with the Ulsan Metropolitan City. Recently, Ulsan Metropolitan City has announced its objective to transform […]

  • 22 January 2015
    Equipment, Exploration & Production

    Hyundai Heavy Industries (HHI) has completed the first phase of the four-year-long plan for localizing offshore facilities equipment and components that the company has mostly secured from overseas suppliers. Since September last year, HHI and its local offshore equipment supply partners have been working on localizing key equipment for offshore facilities. Now, they completed developing […]

  • 12 January 2015
    Business & Finance

    Four crewmen aboard the chemical tanker Hanyang Ace were injured in an explosion and a gas leak that occurred on the ship’s cargo deck while it was being loaded with nitric and sulphuric acid in Ulsan, South Korea, on January 11, The Kyunghyang Shinmun reports.  One person suffered facial burns, while the other three suffered injuries […]

  • 19 March 2015
    Business & Finance

    South Korean shipbuilders remain on top in terms of global shipbuilding orders, based on Clarkson’s research statistics for February 2015. The global top five orderbook ranking is lead by Korea’s Daewoo Shipbuilding and Marine Engineering’s Okpo Shipyard (7.957 million CGT), Hyundai Heavy Industries’ Ulsan shipyard (5.026 million CGT),  Samsung Heavy Industries’ Geoje Shipyard (4.866 million CGT), […]

  • 18 October 2019
    Business & Finance, Equipment

    WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium with the ambition to develop an initial 500 megawatt floating wind farm off the coast of Ulsan Metropolitan City in South Korea. The consortium was formed as EDP Renewables and Aker Solutions have invested in the development company Korea Floating Wind Power (KFWind), joining […]

  • 27 June 2019
    Business & Finance

    Shell and CoensHexicon Co. Ltd have signed an agreement to develop, construct and operate a floating offshore wind farm in South Korea. According to CoensHexicon, initial project development started early this year for the wind farm which will be located circa 40km off the coast of Ulsan. The parties have already formed a project company […]

  • 27 June 2019
    Business & Finance

    Shell and CoensHexicon Co. Ltd have signed an agreement to develop, construct and operate a floating offshore wind farm in South Korea. According to CoensHexicon, initial project development started early this year for the wind farm which will be located circa 40km off the coast of Ulsan. The parties have already formed a project company […]

  • 19 July 2013

    Hyundai Heavy Industries shipyard, headquartered in Ulsan, Seoul, South Korea, launched on Thursday the second Incheon-class FFX coastal defence vessel, dubbed Gyeonggi, owned by the Republic of Korea Navy (ROKN), Yonhap News Agency reported. The 2,300t frigate forms part of the Navy’s fleet modernization programme aimed at replacing outdated Pohang-class corvettes and Ulsan-class frigates. Measuring […]

  • 8 July 2019
    Business & Finance

    Equinor, the Korea National Oil Corporation (KNOC) and Korea East-West Power Corporation have established a consortium to develop a 200MW floating offshore wind project in South Korea. The Donghae 1 offshore wind farm would be developed near KNOC’s existing Donghae gas platform located 58km off the coast of Ulsan City. In February, Equinor and KNOC signed a […]