Page 70 - Offshore Engineering News Today

DNV GL Awards AIP to KSOE for Wing Sail Propulsion Maritime Activity Reports, Inc. Rendering of the VLCC with the wings sails in place (Image: KSOE) Classification society DNV GL said it has granted Approval in Principle (AIP) to Korea Shipbuilding and Offshore Engineering (KSOE) for a new wing-sail auxiliary propulsion system for ships designed to help reduce shipping emissions and fuel burn. The wind-powered auxiliary propulsion system, designed for installation aboard many vessel types, is t...

KSOE wins AiP for wing-sail propulsion system January 22, 2021, by Jasmina Ovcina DNV GL has awarded an Approval in Principle (AIP) to Korea Shipbuilding and Offshore Engineering (KSOE) for a wing-sail auxiliary propulsion system for ships.  The wind-powered auxiliary propulsion system is the result of a joint research project from KSOE, the shipbuilding holding company of Hyundai Heavy Industries Group, and SK Shipping, to develop wind-powered eco...

By Nam Hyun-woo Korea Shipbuilding & Offshore Engineering CEO Ka Sam-hyunKorea Shipbuilding & Offshore Engineering (KSOE), a holding firm of Hyundai Heavy Industries (HHI) and a shipbuilding unit of HHI Group, is expecting to claim more than $14.9 billion in new orders this year, including up to 10 vessels from Qatar Petroleums LNG project. According to KSOE, Monday, CEO Ka Sam-hyun said the company is anticipating to break above $14.9 billion in new orders this year, during a conference with a...

KSOE Bags Orders Worth 1.3 Tril. Won in One Week A 318,000-ton VLCC built by Hyundai Heavy Industries is in test operations. Korea Shipbuilding & Offshore Engineering (KSOE), a holding company of Hyundai Heavy Industries Group’s shipbuilding business, are enjoying brisk orders at the beginning of the year. KSOE has recently signed a contract with a European shipping company to build two 300,000-ton very large crude carriers (VLCCs) worth about 200 billion won, the company said on Jan. 12. As ...

KSOE Wins Orders for 3 Ships Worth 288 Bil. Won Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of Hyundai Heavy Industries Group’s shipbuilding sector, has won orders for three vessels worth 288 billion won. The company announced on Jan. 11 that it has signed a contract with shipping companies in Liberia, Oceania and Asia to build a 174,000-cubic-meter LNG carrier, a 40,000-cubic-meter liquefied petroleum gas (LPG) carrier and a 50,000-ton petroleum carrier (PC). The co...

Posted : 2021-01-13 13:56 Updated : 2021-01-13 13:57 A Hyundai Heavy Industries container ship that has been delivered to Enesel in Greece / Courtesy of Hyundai Heavy Industries By Kim Hyun-bin Korea Shipbuilding & Offshore Engineering (KSOE) has been on a roll, inking 11 shipbuilding deals this year alone worth 1.3 trillion won. The company signed the latest deal with a European company to build two oil tankers worth 200 billion won ($182 million). The KSOE acts as the subholding company for...

Korea Shipbuilding wins 288 bln won in orders By Nam Kwang-sik SEOUL, Jan. 11 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. said Monday that it has won a combined 288 billion won (US$263 million) in orders from three companies in Liberia, Oceania and Asia. Under the deal with a Liberian company, a 174,000-cubic meter liquefied natural gas (LNG) carrier to be built by Hyundai Samho Heavy Industries Co. will be delivered by the second half of 2023, Korea Shipbuilding said. © Provi...

KSOE reaps a windfall with $262.5 million deal January 11, 2021, by Jasmina Ovcina South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) is resuming its winning streak in the new year having secured orders worth 288 billion won ($262.5 million). Related Article Posted: 3 months ago The company’s subsidiary Hyundai Samho Heavy Industries has won an order for an LNG carrier worth 198.9 billion won from a shipping partner ...

We lift our TP on Korea Shipbuilding & Offshore Engineering (KSOE) to KRW140,000 (12-month forward BVPS x target P/B of 0.85x) to reflect revisions to: (1) ROE; (2) market risk premium applied by KB Securities (5.93% in 2020 → 7.28% in 2021); (3) earnings forecast; and (4) beta adjustment method, in addition to updating risk-free ...

Korean shipbuilders announced their first big deals of the new year on Tuesday, on top of a rising tide of demand for eco-friendly shipping. The Korea Shipbuilding & Offshore Engineering, an affiliate of Hyundai Heavy Industries Group, won a 900-billion-won ($827 million) contract to build six container ships, each measuring 15,000 twenty-foot equivalent unit (TEU) ...