Classification society and shipbuilder enter strategic framework to advance the digital transformation of shipbuilding In the ever-changing currents of shipbuilding technology a newly announced collaboration between the American Bureau of Shipping (ABS) and South Korean shipbuilding company Hanwha Ocean could be a transformative force in naval architecture. Announced in January 2023, the deal signed by […]
Class society Lloyd’s Register (LR) and UK-based operator Zodiac Maritime have signed a Memorandum of Understanding (MoU) with South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) and KEPCO E&C for a joint development project (JDP) to research and develop nuclear-propelled designs for container ships and bulk carriers. According to the press release KSOE (the […]
South Korean company develops new ESS technology for large ocean-going vessels The most recent acquisition by South Korea-based technology and engineering conglomerate Hanwha Group has had a rocky start. Formerly known as Daewoo Shipbuilding and Marine Engineering (DSME), the newly rebranded Hanwha Ocean posted losses of 159.1 billion won (US$120 million) in Q2 2023. However, […]
Hyundai Heavy Industries (HHI) held a launching ceremony in April 2023 for the Korean Navy’s first ‘3,600-ton class’ frigate, Chungnam. The ceremony took place at the company’s Ulsan headquarters. Chungnam is the first ship of six Ulsan-class Batch-III frigates. The vessel is 129m long with a breadth of 15m. It is equipped with a multi-function […]
The new Isle of Man Steam Packet ferry, the Manxman, has finally been delivered after delays due to gearbox problems. The vessels began the long voyage home from Ulsan, South Korea, to Douglas, Isle of Man in May. The company says that the issues with the new £78 million ferry have been resolved. A gearbox […]
South Korea has pledged to expand financial support measures and invest US$135.9 million in technological development for autonomous vessels and eco-friendly ships. According to the Ministry of Trade, the move aims to secure local shipbuilders’ position in the global market. Trade Minister Lee Chang-yang travelled to Ulsan to inspect shipyards and announced financial support plans […]