Page 67 - Offshore Engineering News Today

Korean shipbuilders regained the No. 1 spot in the world after pulling off a 10-fold increase in the number of orders won in the first quarter of the year compared to 2020. They received 5.32 million compensated gross tons (CGTs) in new orders for 126 ships in the first three months, accounting for 52 percent ...

Korean shipbuilders revival Industrys boom shows way for other manufacturers Korean shipbuilders regained the No. 1 spot in the world after pulling off a 10-fold increase in the number of orders won in the first quarter of the year compared to 2020. They received 5.32 million compensated gross tons (CGTs) in new orders for 126 ships in the first three months, accounting for 52 percent of the global total of 1,024 CGTs for 323 vessels and beating out their Chinese competitors. It was stark dif...

S. Korea: Shipbuilding industry rebounds as global orders bundle in South Korea’s shipbuilding industry is looking ahead to a prosperous year on the back of a global shipping volume recovery and heightened demands for eco-friendly vessels, industry data showed Monday. Of the 10.25 million compensated gross tonnage in global shipping order quantity from January to March this year, South Korean shipbuilders accounted for 5.32 million or 52 percent of the global volume, the Ministry of Trade, In...

KSOE secures $500 million deal for seven ships Photo by: KSOE Website Related Stories Korea Shipbuilding & Offshore Engineering Co. revealed on Thursday, April 1, that it had signed new contracts for deals amounting to $500 million or KRW566 billion. The company said there was an order to build seven ships for customers from Europe, Asia, and Africa. With the new multi-million orders, it seems that the KSOE has been breaking the bank this year. This is because the largest shipbuilding company...

Gordon Lawrence discusses the importance of prescriptive scope criteria in a turnaround premise document IT IS generally accepted in the maintenance turnaround community that the larger and more complex a turnaround becomes, the more difficult it is to control costs and schedule. An obvious, but generally overlooked route to ensure a turnaround is no larger than it needs to be, is to ensure that only the necessary scope is included in the turnaround event. The best way to ensure that this happe...

KSOE reveals new shipbuilding orders April 1, 2021, by Naida Hakirevic South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. (KSOE) continues its success in securing new orders, meeting the projections of the sector’s full recovery in 2021. On 1 April 2021, KSOE said that its unit Hyundai Heavy Industries (HHI) received a contract for the construction of two very large ethane carriers (VLECs). The deal, signed with an undi...

Korean shipbuilders are hitting the jackpot this year, with orders pouring in thanks to tighter environmental regulations. Shipping companies are preparing for marine fuel regulations that will require ecofriendly ships. Korea has advanced technology and a track record of successful deliveries, giving them an edge over Chinese competitors who can compete on prices. Between January and March, Korea’s three largest shipbuilders landed deals worth $11.8 billion in total. This is a big jump from...

South Korean Shipbuilders Leading Global LNG Carrier Market South Korean shipbuilders obtained approximately 90 percent of global LNG ship orders last year. This year, two LNG carrier orders have been placed so far, and they obtained both to overwhelm their rivals. Specifically, South Korean shipbuilders won 49 out of the 53 LNG carrier orders placed worldwide last year. Korea Shipbuilding & Offshore Engineering won 21, followed by Samsung Heavy Industries (19) and Daewoo Shipbuilding & Marine ...

KOSE lands shipbuilding orders worth $724 million South Korea’s largest shipbuilder Korea Shipbuilding & Offshore Engineering Co. (KSOE) has won fresh orders worth 823 billion won ($724 million) in recent weeks amid growing global demand for crude carriers and eco-friendly gas carriers. KOSE said Monday that its shipbuilding subsidiaries have received new contracts to construct a total of 10 vessels for four clients from Europe, Africa and Oceania. The new orders include four 300,000-ton very...

Aramco, HHIH team up on blue hydrogen, ammonia LONDON, 14 days ago Saudi Aramco has signed a non-binding memorandum of understanding (MoU) with Hyundai Heavy Industries Holdings (HHIH) for research and development on blue hydrogen and ammonia.   Through the non-commercial agreement, the two parties are seeking an opportunity to find a cooperational model for eco-friendly hydrogen and ammonia, including joint research and development.   Hyundai Oilbank, the oil refinery unit of HHIH, pla...