SEOUL, Oct. 15 (Korea Bizwire) — Container shipping costs from South Korea to China rose for the eighth consecutive month in September, the customs agency said Tuesday. The average shipping cost for a 40-foot container from South Korea to China climbed 17.6 percent on-month to 862,000 won (US$634.48) last month, according to the data from [...]
SEOUL, Oct. 15 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Tuesday it has secured a 339.6 billion-won (US$250 million) order to build two very large ammonia carriers (VLACs) from an Oceanian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will [...]
SEOUL, Oct. 10 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Thursday it has won a 1.69 trillion-won (US$1.25 billion) order to build six liquefied natural gas (LNG) dual-fuel container vessels from a European shipper. Hanwha Ocean will construct six 15,000 twenty-foot equivalent units (TEU) LNG dual-fuel container ships at its dockyard [...]
SEOUL, Oct. 1 (Korea Bizwire) – Samsung Heavy Industries, a major South Korean shipbuilder, announced on September 30 that it will implement 3D digital production blueprints for all shipbuilding operations starting in October, marking a significant leap in the industry’s digital transformation. This move will eliminate the need for traditional production blueprints and inspection documents used [...]
SEOUL, Sept. 27 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Friday it has secured a 674.6 billion-won (US$511.3 million) order to build four container ships from an Asian shipper. HD Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]
SEOUL, Sept. 25 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Wednesday it has signed an initial pact with Chinese electric automaker BYD for partnership in the logistics business. Under the “strategic” memorandum of understanding, the two companies will cooperate in global logistics forwarding services and share vessel space [...]
SEOUL, Sept. 23 (Korea Bizwire) — The industry ministry said Monday a container carrier equipped with a homegrown autonomous system departed from the southeastern port city of Busan to test key technologies, including intelligent navigation and cybersecurity. The 1,800 twenty-foot equivalent unit container carrier plans to run such tests over a one-year period on routes [...]
SEOUL, Sept. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has signed a partnership with the American Bureau of Shipping to jointly develop advanced offshore technologies. Under the agreement, signed during Gastech 2024, an international energy exhibition, in Houston, Texas, last week, the collaboration between Hanwha Ocean and ABS [...]
SEOUL, Sept. 6 (Korea Bizwire) – In a concerning trend for South Korea’s once-dominant shipbuilding industry, Chinese competitors are rapidly gaining market share, aided by alleged industrial espionage and lenient court rulings in South Korea. The situation has raised alarms about the potential loss of South Korea’s world-leading position in the sector, particularly in the crucial [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hanwha Ocean Co., a major South Korean defense and shipbuilding company, said Tuesday it has begun maintenance, repair and overhaul (MRO) services for a 40,000-ton logistics support vessel of the U.S. Navy. The Wally Schirra arrived at Hanwha Ocean’s shipyard in Geoje on the southern coast of South Korea [...]