Page 63 - Offshore Engineering News Today

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Fueled by the recovery of global trade volume and increasing demand for advanced eco-friendly vessels, South Korea’s main shipbuilders have seen business boom recently, with benefits spilling over to related sectors such as steel. But Samsung Heavy Industries, the shipbuilder under the nation’s top conglomerate, Samsung Group, continues to reel under troubled finances and weak ...

Asian Based Group to Investigate the Practicalities of Green Ammonia as a Maritime Fuel MoU Commits Partners to Build and Test Vessel SOUTH KOREA – Hyundai Merchant Marine (HMM) has signed a memorandum of understanding (MoU) with LOTTE Fine Chemical, Lotte Global Logistics, steel maker and technology company POSCO, the Korean Register (KR), and Korea Shipbuilding & Offshore Engineering (KSOE) to seek feasible solutions to the green ammonia supply chain. Under the terms of the MoU, each memb...

Unlisted shipbuilders and shippers in South Korea are rushing to go public in the third quarter to ride on the favorable wind in the global sea with animated commerce and recovered commodity prices feeding their bottom line. Hyundai Heavy Industries Co. (HHI) under Korea Shipbuilding & Offshore Engineering (KSOE) is readying for an IPO in ...

26 May 2021 (Last Updated May 26th, 2021 12:42) HMM has signed a MoU with five South Korean organisations to look into green ammonia supply chain solutions. Share Article Executives from HMM, KR, KSOE, Lotte Fine Chemical, Posco and Lotte Global Logistics sign the MoU. Credit: HMM. Shipping company Hyundai Merchant Marine (HMM) has signed a memorandum of understanding (MoU) with five South Korean organisations to launch a consortium for exploring ...

New KSOE Order Includes Two LPG-Fuelled Gas Carriers by Ship & Bunker News Team Wednesday May 26, 2021 The new ships will be built in South Korea. File Image / Pixabay Korea Shipbuilding & Offshore Engineering (KSOE) has won a contract to build two gas carriers capable of burning LPG as fuel. The two duel-fuelled gas carriers will be delivered to shipowners from the first half of 2023, KSOE said in a statement on its website on Monday. KSOE has won the contracts to build 36 of the 59 LPG ...

HMM and five Korean partners launch consortium to explore green ammonia supply chain HMM has signed a memorandum of understanding (MoU) with LOTTE Fine Chemical, Lotte Global Logistics, POSCO, Korean Register (KR), and Korea Shipbuilding & Offshore Engineering (KSOE) to seek feasible solutions on the green ammonia supply chain. Korea Shipbuilding & Offshore Engineering (KSOE) plans to develop an ammonia-powered ship, which will be certified by Korean Register (KR). HMM and Lotte Global Logistic...

The combined order backlog of Korea’s top 3 shipbuilders totals 52.6 trillion won. The combined order backlog of Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering increased 24 percent to 52,604 billion won in the first quarter of this year. The amount is equivalent to their two-year shipbuilding capacity. ...

Korean Partners Exploring Green Ammonia Supply Chain Maritime Activity Reports, Inc. May 25, 2021 From left to right: Jong-chul Choi, executive vice president, HMM; Hyung-chul Lee, chairman & CEO, Korean Register; Sung-joon Kim, senior executive vice president, KSOE; Kyung-Moon Jung, CEO, LOTTE Fine Chemical; Byeong-Og Yoo, senior executive vice president, POSCO; and Chan-bok Park, CEO, Lotte Global Logistics (Photo: HMM) South Korean shipping company HMM announced it has si...

25 May 2021 (Last Updated May 25th, 2021 13:02) Korea Shipbuilding and Offshore Engineering has signed multiple deals for the construction of six ships. Share Article The total value of the deals stands at nearly $310m (KRW348bn), reported Yonhap News Agency. Credit: Shaah Shahidh on Unsplash. Korea Shipbuilding and Offshore Engineering (KSOE) has secured multiple deals for the construction of a combined total of six vessels. The total value of th...