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Daewoo shipyard earns Lloyd's certification of high-level smart ship solution
SEOUL -- Daewoo Shipbuilding & Marine Engineering (DSME) has earned high-level smart-ship cybersecurity certification from Lloyd's Register, a London-based organization which provides maritime classification, as South Korean shipbuilders work hard to develop smart ship technologies. Lloyd's Register's descriptive note gives an accessibility level for autonomous/remote access for cyber-enabled systems. AL3 is defined as
July 9, 2019
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S. Korean shipyards in race to win orders for Russia's ice-breaking LNG carriers
SEOUL -- South Korean shipbuilders are in a race to win orders for ice-breaking ships which would transport liquefied natural gas under Russia's Arctic LNG 2 project, despite business risks caused by Russia's proposal that construction should be done in its territory. Russia, a major gas producer, aims to export LNG as much as Qatar. Russia's second largest natural gas producer, Novatek, plans to start producing LNG at Arctic LNG 2 in Yamal in 2022~2023. The pro
June 28, 2019
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Daewoo shipyard wins order from Oman to build very large crude carrier
SEOUL -- Daewoo Shipbuilding & Marine Engineering secured an order from Oman's state shipping company to build and deliver a 300,000-ton very large crude carrier by the first quarter of 2021. The vessel will be built with eco-friendly technology to meet new rules imposed by a U.N. maritime safety agency. Daewoo Shipbuilding & Marine Engineering (DSME) said Thursday that the order to build a 336-meter-long vessel came from
June 27, 2019
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Hyundai shipyard subsidiary partners with Inmarsat to provide digital solutions
SEOUL -- A subsidiary of Hyundai Heavy Industries, the world's largest shipbuilder, will develop digital total solutions for an efficient and fuel-saving voyage by using services from Inmarsat, a British satellite telecom company. Maritime industry officials said that Hyundai Global Service (HGS) has signed a business agreement with Inmarsat, which offers mobile services via terminals which communicate with ground stations through geostationary telecom
June 12, 2019
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Norway company agrees to buy undelivered drillship from Daewoo shipyard
SEOUL --Northern Drilling, an offshore drilling company in Norway, has agreed to acquire an undelivered drillship from Daewoo Shipbuilding & Marine Engineering in a deal that could fetch about 410 billion won ($351 million) to the South Korean shipbuilder in the process of being acquired by its domestic rival. Daewoo Shipbuilding & Marine Engineering (DSME) has retained the drillship as inventory since a contract with its ow
May 2, 2019
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Hyundai Heavy launches New Zealand Navy's logistics support ship
SEOUL -- Hyundai Heavy Industries, the world's largest shipbuilder launched a 23,000-ton naval logistics support ship for New Zealand. The ship, equipped with a hybrid propulsion system, features ice-resistant capabilities so that it can operate in the Antarctic waters. Hyundai Heavy said that the vessel was launched Wednesday in a ceremony attended by David Proctor, chief of the Royal New Zealand Navy, in the southeastern port city of Ulsan. The ship ordered in July 2016
April 24, 2019
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Formal contract signed to create mega shipbuilder in S. Korea
SEOUL -- A formal contact to create a mega shipbuilder through the merger of two top shipyards in South Korea was signed after riot police formed a tight human barricade with shields to thwart a desperate charge by hundreds of angry shipyard workers. At the Seoul head office of Korea Development Bank (KDB), the contract was signed Friday by KDB chairman Lee Dong-gull and Kwon Oh-gap, vice chairman of the holding company of Hyundai Heavy Industries (HHI), the world's largest
March 8, 2019
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Daewoo shipyard workers stage partial strike to oppose merger
SEOUL -- Unionized workers at Daewoo Shipbuilding & Marine Engineering (DSME) staged a four-hour strike against a deal to create a mega shipbuilder through the merger of two top shipyards in South Korea. DSME workers downed tools for four hours Tuesday after lunch break. Some 2,000 workers marched in the streets after a rally at the shipyard on the southern island of Geoje. Union leaders at Hyundai Heavy Industries (HHI), the world's largest shipbuilder, have yet to di
February 26, 2019
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Proposed strike wins support from majority of Hyundai shipyard workers
SEOUL -- A proposed strike against a deal to create a mega shipbuilder through the merger of two top shipyards in South Korea won support from a majority of workers at Hyundai Heavy Industries. A timetable for union action was not disclosed. The labor union of Hyundai Heavy Industries (HHI), the world's largest shipbuilder, said that 51.58 percent of unionized workers endorsed a strike in a vote on Wednesday after 92.16 percent of unionized workers at Daewoo Shipbuilding &
February 21, 2019
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Daewoo workers vote to strike against acquisition by Hyundai shipyard
SEOUL -- The labor union of Daewoo Shipbuilding & Marine Engineering (DSME) warned of a strike after workers voted against a deal to create a mega shipbuilder through the merger of South Korea's largest and second largest shipyards. In a two-day vote involving 5,242 workers, 92.16 percent supported the union's proposal to oppose the proposed merger brokered by Korea Development Bank (KDB), a state policy lender which has a controllin
February 19, 2019
