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 international standard for hydrogen ships.
KSOE signed a memorandum of understanding (MOU) on making safety design regulations on hydrogen ships with the Korean Register of Shipping on March 4. The two companies plan to jointly develop the world’s first hydrogen ship standard and submit it to the International Maritime Organization (IMO) by 2022.
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 technology to the medium-sized shipbuilders such as STX Offshore & Shipbuilding and Hanjin Heavy Industries, BusinessKorea reports.
At the beginning of this year, Hyundai said it expects to complete the acquisition of its smaller rival by the end of the first half of 2021.
South Korea’s Hyundai shipbuilding group acquired Doosan Infracore, a major construction equipment maker that has been up for sale, faute de mieux, as part of efforts by its debt-stricken parent company to secure liquidity in return for a bailout loan from creditors. The deal would lead to the creation of a dominant player in South .
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Korea Shipbuilding & Offshore Engineering has developed a digital twin ship technology that allows it to test operate a vessel in a virtual environment. Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of Hyundai Heavy Industries Group, has developed a digital twin ship technology that allows it to test operate a vessel in .