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Daewoo shipyard wins $966 mln orders for ten VLCCs installed with dual-fuel propulsion engines.
SEOUL -- Daewoo Shipbuilding & Marine Engineering, a major shipbuilder in South Korea, has secured orders worth 1.09 trillion won ($966 million) from three unidentified clients in North American, Europe and Asia to build ten 300,000-ton crude carriers installed with dual-fuel propulsion engines. Ships will be delivered sequentially by the end of September 2023. Daewoo Shipbuilding & Marine Engineering (DSME) said in a regulato
March 12, 2021
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S. Korea's short-term injection of $179 mln into research to nurture automotive semiconductors
SEOUL -- South Korea unveiled a short-term injection of 204.7 billion won ($178.8 million) into research and development by next year to nurture automotive semiconductors as a COVID-19 pandemic disrupted global supply and demand, leading to the shortage of key components such as microcontrollers and a price hike. A microcontroller (MCU) is a small computer on a single metal-oxide-semiconductor integrated circuit chip. Microcontrollers are used in automatically controlled pr
March 10, 2021
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Samsung shipyard wins new order for five LNG-powered container ships
SEOUL -- Samsung Heavy Industries solidified its status as the world's top builder of eco-friendly vessels powered by liquefied natural gas by securing a new order from an unidentified Asian client to construct five more ships. With the new deal, the shipbuilder has won $2.4 in orders for 19 vessels or 31 percent of this year's target of $7.8 billion. Samsung Heavy Industries (SHI) said in a regulatory filing on March 9 that it has won a deal w
March 9, 2021
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Seoul to promote urban green energy harvesting with subsidies
This image shows a building with a building-integrated photovoltaics (BIPV) system installed onto its wall. SEOUL -- Seoul will subsidize the utilization of building-integrated photovoltaics (BIPVs), a solar panel system that is integrated onto walls of a building from its construction stage, in an effort to reduce greenhouse gas emissions and promote urban green energy harvesting. BIPV exists in many forms including semi-transparent window glasses with built-in sola
February 25, 2021
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Auros makes successful debut with original technology in semiconductor overlay measurement equipment
SEOUL -- Auros Technology, a provider of semiconductor metrology and inspection systems in South Korea, made its successful stock market debut, becoming one of the most popular shares on the first day of its initial public offering in KOSDAQ, the South Korean version of the U.S stock market NASDAQ. Auros, which specializes in overlay measurement equipment, showed a steep rise from the public offering price of 21,000 won to trade at the daily limit of 54,600 won
February 24, 2021
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Samsung shipyard wins $707 mln order to build five LNG-powered container ships
SEOUL -- Samsung Heavy Industries, a major shipbuilder in South Korea, has secured an order worth 781.2 billion won ($707 million) from an unidentified Asian client to build five container ships powered by liquefied natural gas and equipped with eco-friendly and energy-saving solutions. The ships will be delivered sequentially by July 2023. Samsung Heavy Industries (SHI) said in a regulatory filing on February 15 that the 15,000-TEU ships would be insta
February 15, 2021
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Samsung shipyard to test remote autonomous system with 9,200-ton ship
SEOUL -- A 9,200-ton ship installed with a remote autonomous system developed by Samsung Heavy Industries will make its test run probably in August on a coastal sea route. If the test is successful, it would be the world's first case to apply remote autonomous operation technology to a large vessel. Samsung Heavy Industries (SHI) has tried to commercialize its remote autonomous system called Samsung Autonomous Ship (SAS). The shipbuilder will mobili
February 10, 2021
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Samsung shipyard wins $206 mln order from Oceanian client
SEOUL -- Samsung Heavy Industries, a major shipbuilder in South Korea, has secured an order worth 230 billion won ($206 million) from an Oceanian client to build two large container ships equipped with eco-friendly and energy-saving solutions. Samsung Heavy Industries (SHI) said in a regulatory filing on February 4 that the two 13,000 TEU ships would be delivered sequentially in the first quarter of 2023. The twenty-foot equivalent unit (TEU) is an inexact unit of cargo c
February 4, 2021
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SK group invests in domestic producer of silicon carbide power semiconductors
SEOUL -- South Korea's third-largest conglomerate SK Group made a strategic investment in Yes Powertechnix, the only domestic producer of silicon carbide (SiC) power semiconductors, which are seen as essential parts of electric vehicles and hydrogen cars, saying it would form an ecosystem to reduce reliance on foreign products. SiC is a compound semiconductor containing silicon and carbon. It provides a number of advantages over silicon, making it the most viabl
January 28, 2021
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Hyundai shipyard's virtual commission solution wins Lloyd's basic approval
SEOUL -- A virtual commission solution developed by South Korea's Hyundai shipbuilding group has received basic approval from Lloyd's Register, a London-based technical and business services organization that provides maritime classification. Using digital twin technology, the solution verifies dual-fuel engines, fuel supply systems, and power control systems of natural gas carriers. Korea Shipbuilding & Offshore Engineering (KSOE), the holdi
January 25, 2021
