Page 68 - Offshore Engineering News Today

South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has won orders for a total of seven ships worth $609 million.

South Korean Shipbuilders Continuing to Dominate Global Market Clarkson Research reported on March 10 that orders for 92 new ships equivalent to 2.82 million CGT were placed worldwide last month and South Korean shipbuilders won those for 43 ships adding up to 1.56 million CGT. “The orders include seven very large crude carriers and five A-Max tankers, all of which went to them,” it said, adding, “When it comes to large container carriers of 12,000 TEU or more, they won 13 out of 17.” C...

Korean names win 49% of global orders in container ships, KSOE becomes latest Korea Shipbuilding & Offshore Engineering Co. (KSOE), the shipbuilding holding company of Hyundai Heavy Industries Group, added 283.2 billion won ($247.7 million) in the order book for container ships where Korean names have snatched up nearly half of global orders in the vessel category so far this year amid rush of orders to meet increased maritime commerce activity. KSOE, the parent of South Korea’s three shipbui...

KSOE Launches Project to Develop International Standard for Hydrogen Vessels Officials from Korea Shipbuilding & Offshore Engineering (KSOE) and the Korean Register of Shipping pose for a photo after signing a memorandum of understanding (MOU) on formulating safety design regulations on hydrogen ships. Korea Shipbuilding & Offshore Engineering (KSOE), an intermediary holding company of Hyundai Heavy Industries Group, has joined hands with the Korean Register of Shipping to develop the first int...

HHI-DSME merger to be cleared after transfer of LNG technology to smaller yards March 8, 2021, by Jasmina Ovcina The mega-merger between the South Korean shipbuilding giants Hyundai Heavy Industries Group and Daewoo Shipbuilding and Marine Engineering will receive regulatory approval once there are assurances that the competition on the market would not be distorted. In practice this means that HHI Group would need to transfer its LNG shipbuilding t...

Author: Richard Ewing 2021/03/08 LONDON (ICIS)--Saudi Aramco has confirmed its non-binding memorandum of understanding (MoU) with Hyundai Heavy Industries Holdings (HHIH) on blue hydrogen and ammonia is a research and development opportunity, not a commercial agreement. Through the agreement, the two parties are seeking an opportunity to...

S Korea’s Hyundai Heavy, Aramco sign blue hydrogen cooperation project Hyundai Heavy Industries Holdings, or HHIH, has signed a memorandum of understanding with Saudi Aramco on blue hydrogen and ammonia projects, a Hyundai Heavy official said March 4. Hyundai Oilbank, the oil refinery unit of HHIH, will import LPG from Saudi Aramco under the MOU to convert into blue hydrogen, which is hydrogen produced from fossil fuel in a process that captures CO2 emissions. “Carbon dioxide captured and s...

Global shipbuilding giant Hyundai Heavy Industries Co. (HHI) has completed forming the syndicate to underwrite its initial public offering at the Kospi market later this year. HHI named Mirae Asset Daewoo, Korea Investment & Securities and Credit Suisse as its lead underwriters, with KB Securities and Hana Financial Investment joining the syndicate, according to industry ...

March 02, 2021 Pexels Fresh university graduates have been reported to earn a higher starting pay as compared to their seniors, ranging from $4,000 to $5,000 a month in business and computing areas. The median salary of a Singaporean is $4.534, what about the salary that you should be getting and what your peers are getting? TL;DR – Which university graduates hold the highest salary on average for each faculty Do note that we are using the basic salary for the calculation. Basic salary refe...

Hyundai Mipo Dockyard Delivers Medium-Sized LNG Carrier to Norwegian Client Hyundai Mipo Dockyard, a subsidiary of Korea Shipbuilding & Offshore Engineering (KSOE), has delivered a 30,000-cubic-meter LNG carrier, which is named Ravenna Knutsen, to its client, Knutsen Group of Norway. The company recently held a christening ceremony for the vessel, which departed for Italy on Feb. 10. The vessel drew much attention as it is the first medium-sized LNG carrier that a Korean shipbuilder was asked t...