South Korea

ABS and Hanwha Ocean go smart on shipyard development

ABS and Hanwha Ocean go smart on shipyard development

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 […]

Lloyds Register, Zodiac Maritime join Korean nuclear JDP

Lloyds Register, Zodiac Maritime join Korean nuclear JDP

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 […]

Hanwha develops energy storage systems for large ocean-going vessels

Hanwha develops energy storage systems for large ocean-going vessels

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, […]

South Korean government expands support for local shipbuilders

South Korean government expands support for local shipbuilders

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 […]

You need to login to contact with the Listing Owner. Click Here to log in.