ULLEUNG, Aug. 14 (Korea Bizwire) – Recent incidents of electric vehicle (EV) fires have prompted ferry operators serving Ulleung Island, a popular tourist destination off South Korea’s east coast, to implement new restrictions on EV transportation. According to local authorities in Ulleung County, North Gyeongsang Province, H Shipping Company announced on August 13 that it would [...]
SEOUL, Aug. 7 (Korea Bizwire) – HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Wednesday it has received a 219.5 billion-won (US$159 million) order to build two liquefied petroleum gas (LPG) carriers for a shipper in the Middle East. The two LPG ships will be built at the shipyard of HD Hyundai Mipo [...]
SEOUL, Aug. 5 (Korea Bizwire) — The industry ministry said Monday it has launched a shipbuilding training center in Indonesia to provide training programs for Indonesian workers seeking job opportunities in South Korea. The center, located in Serang, 78 kilometers west of Jakarta, will train around 30 to 40 workers for a three-month period, offering [...]
SEOUL, Jul. 26 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding and defense industry unit of South Korea’s Hanwha Group, said Friday it has been selected as the preferred bidder for the 460.1 billion-won (US$322.2 million) project to build the South Korean Navy’s logistics support ship, AOE-II. Hanwha Ocean will sign a contract with the [...]
SEOUL, Jul. 22 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has signed a deal with U.S. Naval Supply Systems Command to join potential projects for the repair and maintenance of U.S. warships. Under the Master Ship Repair Agreement, Hanwha Ocean will be eligible for repair and maintenance projects for [...]
SEOUL, Jul. 18 (Korea Bizwire) – HD Hyundai, a leading South Korean industrial conglomerate, announced on July 17 the inauguration of its Naval Technology Institute within the company’s Global R&D Center in Seongnam, Gyeonggi Province. The new institute represents an expansion of the Naval Technology Center, previously part of HD Hyundai Heavy Industries’ Special Ship Division. [...]
SEOUL, Jul.15 (Korea Bizwire) — Container shipping costs from South Korea to Europe rose for the second consecutive month in June amid prolonged tensions surrounding the Red Sea, the customs agency said Monday. The average shipping cost for a 40-foot container from South Korea to the European Union soared 44.6 percent on-month, or 121.6 percent [...]
SEOUL, Jul. 15 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Monday it has secured a contract worth 3.7 trillion won (US$2.67 billion) to build 12 container carriers for a European shipping firm. Under the contract, HD Korea Shipbuilding will supply 12 carriers with a capacity of [...]
SEOUL, Jul. 12 (Korea Bizwire) — South Korea has laid the keel for its second 3,600-ton class naval submarine, the state arms procurement agency said Friday, amid efforts to acquire advanced diesel-electric attack submarines for enhanced underwater capabilities against North Korean threats. A keel-laying ceremony for the second of three Changbogo-III Batch-II class submarines took [...]
SEOUL, July 4 (Korea Bizwire) – HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Thursday it has secured a 328.6 billion-won (US$237.7 million) order to build two very large ammonia carriers (VLACs) from a European shipper. Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will [...]