SEOUL, Jun. 10 (Korea Bizwire) — South Korea’s major shipbuilder Hanwha Ocean Co. said Monday it has launched a new wind turbine installation vessel (WTIV). Ordered by Cadeler Inc. in 2021, the WTIV measures 148 meters in length and 56 meters in width. It is capable of sailing while carrying five offshore wind turbines, each [...]
SEOUL, May 31 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding and defense industry unit of South Korea’s Hanwha Group, said Friday it has partnered with three Canadian technology firms to enhance cooperation as part of its effort to bid for Canada’s maritime procurement project. During Canada’s Global Defence & Security Trade Show in Ottawa, [...]
SEOUL, May 27 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Monday it has signed a deal with Stax Engineering to adopt an emission reduction system for its pure car and truck carriers (PCTCs) as part of efforts to respond to the United States’ environmental regulations. With the deal, [...]
SEOUL, May 24 (Korea Bizwire) — HD Hyundai Co., a holding company of South Korea’s shipbuilding-to-energy conglomerate HD Hyundai Group, said Friday it has joined hands with oil giant Shell in jointly developing technologies for liquefied hydrogen carriers. Under a recently signed joint development agreement in Seongnam, South Korea, HD Hyundai’s two shipbuilding affiliates, HD [...]
SEOUL, May 16 (Korea Bizwire) — Container shipping costs from Europe to South Korea rose more than 30 percent on-month in April amid ongoing tensions surrounding the Red Sea, the customs agency said Thursday. The average shipping cost for a 40-foot container from the European Union to South Korea went up 32.8 percent on-month last [...]
SEOUL, May 16 (Korea Bizwire) – HD Hyundai, a major South Korean shipbuilder, is accelerating its foray into the offshore wind industry by establishing an overseas manufacturing base. The company has decided to lease a portion of the land and facilities at the Subic Shipyard in the Philippines, aimed at expanding its production of offshore wind [...]
SEOUL, May 9 (Korea Bizwire) – HD Hyundai, in collaboration with Palantir Technologies, has unveiled its artificial intelligence-based unmanned surface vessel (USV), codenamed Tenebris, at the AI Expo for National Competitiveness held in Washington D.C. on May 7 and 8. The event, hosted at the Walter E. Washington Convention Center, attracted over 150 major U.S. defense [...]
SEOUL, May 7 (Korea Bizwire) — Officials from South Korean shipbuilder HD Hyundai Heavy Industries Co. have filed a criminal complaint against Hanwha Ocean Co. for alleged misrepresentation of facts and defamation in connection with the leak of military secrets, police said Tuesday. They lodged the complaint with the police Friday, alleging that Hanwha Ocean [...]
SEOUL, May 3 (Korea Bizwire) — South Korean shipbuilders have been exploring opportunities to enter the U.S. Navy’s maintenance, repair and overhaul (MRO) market, aligning with the United States’ efforts to revitalize its declining shipbuilding industry through collaboration with its Asian allies. HD Hyundai Heavy Industries Co. (HHI) and Hanwha Ocean Co. are pursuing partnership [...]
BUSAN, Apr. 24 (Korea Bizwire) – Eight out of ten South Koreans perceive their country as a maritime nation and believe that establishing long-term plans and expanding research and development (R&D) efforts are crucial steps toward becoming a maritime powerhouse, according to a survey conducted by the Korea Maritime Institute (KMI). Marking its 40th anniversary, the [...]