Industry

  • Ammonia-powered tanker from Samsung Heavy acquires Lloyds basic certification
    Ammonia-powered tanker from Samsung Heavy acquires Lloyd's basic certification SEOUL -- An ammonia-powered Aframax oil tanker which is under development in a multi-national project led by Samsung Heavy Industries, a major shipbuilder in South Korea, has acquired basic certification from Lloyd's Register, a London-based maritime classification society. An Aframax tanker has a deadweight between 80,000 and 120,000 metric tons. For the development of an ammonia-powered tanker, Samsung Heavy Industries (SHI) joined hands with fore September 24, 2020
  • HMM opens fleet control center for efficient operation of smart ships
    HMM opens fleet control center for efficient operation of smart ships SEOUL -- To gain the upper hand in the era of smart and eco-friendly ships, HMM, a major shipping company in South Korea, has opened a comprehensive fleet control center for the safe and efficient real-time monitoring of smart ships built or ordered by the creditor-controlled company. It can remotely control ships in operation. The fleet control center, established at the research institute of HMM in the southern port city of Busan can identify risk factors in advance by ac September 23, 2020
  • Hyundai shipbuilding group builds LNG-powered large container ship
    Hyundai shipbuilding group builds LNG-powered large container ship SEOUL -- South Korea's Hyundai shipbuilding group has completed the construction of a very large container ship powered by natural gas for Eastern Pacific Shipping (EPS), a ship management company headquartered in Singapore. The 14,800 TEU container ship built by Hyundai Samho Heavy Industries, a unit of the shipbuilding group, will be delivered on September 15. TEU is based on the volume of a 20-foot-long (6.1 m) intermodal container, a stand August 24, 2020
  • Samsung Heavy partners with Bloom Energy to develop fuel cells for ships
    Samsung Heavy partners with Bloom Energy to develop fuel cells for ships SEOUL -- In an effort to secure a competitive edge in eco-friendly vessels, Samsung Heavy Industries, a major shipbuilder in South Korea, has partnered with Bloom Energy, an American public company, to develop core technologies for highly efficient fuel cells for ships by 2022. The solid oxide fuel cell (SOFC), an electrochemical conversion device that produces electricity directly from oxidizing fuel, has a wide variety of applications as it ensures high combined heat and June 30, 2020
  • Government task force launched to develop unmanned navigation technologies
    Government task force launched to develop unmanned navigation technologies SEOUL -- In an effort to preempt the market for unmanned commercial ships, South Korea launched an integrated government task force to develop core technologies for autonomous ships and prepare a foundation for early commercialization through systematic demonstration, using new technologies such as artificial intelligence, big data and internet of things. The task force formed by the Ministry of Trade, Industry and Energy and the Minis June 17, 2020
  • Daewoo shipyard clinches $748.8 mln LNG barge orders from Russian client
    Daewoo shipyard clinches $748.8 mln LNG barge orders from Russian client SEOUL -- Daewoo Shipbuilding & Marine Engineering secured an order worth about 901.3 billion won ($748.8 million) from a Russian shipper to build two liquefied natural gas barges that will serve as intermediate stops to supply natural gas produced in the Arctic Ocean to Europe and Asia. The LNG barge is an LNG terminal floating in the sea, receiving and storing LNG from ice-breaking LNG carriers at sea and unloading it into regula June 8, 2020
  • S. Korean shipbuilders secure mega deal from Qatar to build LNG carriers
    S. Korean shipbuilders secure mega deal from Qatar to build LNG carriers SEOUL -- South Korea's three major shipbuilders have acquired a mega deal from Qatar Petroleum, a state-owned petroleum company, to build liquefied natural gas carriers that would help them tide over a global recession caused by a coronavirus pandemic. Qatar Petroleum said it signed agreements with Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries to reserve construction capacity to meet future LNG c June 2, 2020
  • Samsung Heavy delivers shuttle tanker installed with smart ship system
    Samsung Heavy delivers shuttle tanker installed with smart ship system SEOUL -- A shuttle tanker installed with SVESSEL, a smart ship system developed by Samsung Heavy Industries, has been delivered to AET Tankers, a Singapore-based company. It is the world's first smart ship certified by DNV GL, an international accredited registrar and classification society based in Norway, as a shuttle tanker. Through SVESSEL, Samsung Heavy said the 152,000 DWT (deadweight ton) Eagle Petrolina can receive information such as the route of opera May 28, 2020
  • Hyundai shipyard wins $179 mln order to build two VLCCs installed with scrubbers
    Hyundai shipyard wins $179 mln order to build two VLCCs installed with scrubbers SEOUL -- Hyundai Heavy Industries, the world's largest shipbuilder, secured an order worth 220 billion won ($179 million) from European clients to build two very large crude carriers that will be installed with scrubbers to meet new rules imposed by a U.N. maritime safety agency. The vessels will be delivered from the first half of 2022. Ships can reduce the levels of sulfur oxide (SOx) emissions by installing an exhaust gas cleaning system such as May 21, 2020
  • Construction of bunkering ship for LNG-powered offshore vessels begins this week
    Construction of bunkering ship for LNG-powered offshore vessels begins this week SEOUL -- A state project to build South Korea's first bunkering ship for offshore vessels powered by natural gas will begin this week with domestic technology. Small and mid-sized shipbuilders would build 140 LNG-powered vessels by 2025 in a government aid package to recharge South Korea's ailing shipbuilding industry. The construction of LNG-powered ships is to meet new rules imposed by a U.N. maritime safety agency. There has been the development of technologies f May 6, 2020