Page 9 - Offshore Engineering News Today

South Korea’s leading shipbuilders have been scoring massive order after order all this year, welcoming the revival of the shipbuilding industry. Despite the upbeat numbers on paper, they are facing the daunting task of securing a skilled workforce capable of carrying out difficult tasks in the long term. Clarksons Research, a global shipping and shipbuilding analysis firm based in the United Kingdom, measured ...

HD Korea Shipbuilding & Offshore Engineering, the shipbuilding unit under HD Hyundai, announced Monday that it is set to construct two of the world’s first ammonia-powered medium-sized vessels, with targeted delivery by 2026. The company said it has decided to adopt a dual-fuel engine using both ammonia and liquefied petroleum gas for two ship orders made by Belgian shipping firm Exmas in March. The ships, ...

Robots have emerged as a solution for Korean shipbuilders in dealing with an intensifying shortage of labor, amid a soaring number of shipbuilding orders from global clients.

Saipem SpA (OTCMKTS:SAPMF – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 13,001,400 shares, an increase of 36.5% from the September 15th total of 9,523,900 shares. Based on an average trading volume of 500 shares, the […]

Korean investment in an Estonian developer of clean energy technology is likely to be the first of many innovative collaborations between firms from the two countries.

South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering, a subsidiary of HD Hyundai, announced that it has signed a 45 million euro ($47 million) investment deal with an Estonia-based fuel cell manufacturer, Elcogen AS. The signing ceremony was held in Seoul on Wednesday, with top executives, including HD Hyundai’s President Chung Ki-sun and Elcogen CEO Enn Ounpuu and Estonian President Alar K...

HD Korea Shipbuilding & Offshore Engineering (KSOE) has decided to invest 64 billion won ($47.77 million) to build an eco-friendly energy ecosystem by forming ties with a European clean energy tech firm, the Korean company said Wednesday.

By Anthony O. Goriainoff HydrogenOne Capital Growth said portfolio company Elcogen announced a 45 million euros ($47.7 million) strategic investment by Korea...

HD Hyundai Group’s Korea Shipbuilding & Offshore Engineering is making a strategic investment in a European manufacturer of hydrogen fuel cells as it...

Swan Energy is raising Rs 1,435 crore through preferential shares to finance the acquisition. The National Company Law Tribunal has directed the winning bidder to pay the amount proposed in the resolution plan before considering an extension. The next hearing is scheduled for November 22.