Kawasaki Heavy Industries, Ltd. announced yesterday that it delivered the bulk carrier KN BLOSSOM, with a capacity of 82,000 DWT (Kawasaki hull No. 8065, NACKS hull No. NE340), for KUMIAI NAVIGATION (PTE) LTD at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS), which is located in Nantong City, China and operated jointly with China COSCO Shipping Corporation Limited (China COSCO Shipping). Delivery, principal particulars, and features of the vessel are as described below. Delivery June 22, 2021 Principal Particulars Length overall 228.90 m Molded breadth 32.24 m Molded depth 20.20 ...

Daewoo Shipbuilding & Marine Engineering (DSME) announced on June 22 that it has formed a global research and development network to develop hydrodynamic technology for eco-friendly smart vessels. The network consists of 15 organizations from at home and abroad, including four universities, five vessel classification organizations and five research institutes. The four universities are MIT (US), Seoul National University (Korea), Michigan University (US), and the University of Strathclyde (UK). The five vessel classification organizations are ABS (US), LR (UK), BV (France), KR (Korea), and DNV (Norway). The five research institutes ...

Samsung Heavy Industries’ shareholders approved a proposal to reduce its capital base in an effort to dig itself out of financial crisis. The 5-to-1 capital reduction was approved by 98 percent of shareholders. The move will cut the shipbuilder’s common and preferred shares from the current 5,000 won ($4.40) to 1,000 won. The decision will simultaneously reduce the company’s capital base to 630 billion won from 3.15 trillion won, the company said. SHI announced plans for a capital reduction in May in the hope of getting the company into better ...

South Korean shipbuilders are outperforming Chinese shipbuilders in the global green ship market, with the International Maritime Organization (IMO) about to strengthen its carbon emission regulations. According to Clarkson Research Services Limited, Chinese and South Korean shipbuilders won 8.92 million CGT and 8.32 million CGT of ships for the first five months of this year, respectively. Although the former surpassed the latter by a margin of 3 percentage points, the story is completely different in the green ship segment. In that period, South Korean shipbuilders won 46 percent and 75 ...

COLUMBIA blue – The Leisure Group, one of the world leading maritime leisure management companies, and Tillberg Design of Sweden (TDoS), an industry leader with 50+ years’ experience in design and interior architecture for cruise ships and yachts, have agreed to work together on conceptualising and building vessels from scratch. “The design skills of TDoS and the operational proficiency of COLUMBIA blue form a unique set of expertise, offering a seamless and complete project lifecycle of a vessel design – from the first lines on the sketch board, to the ...

The National Intelligence Service recently announced that Daewoo Shipbuilding & Marine Engineering, a global leader in submarine design and building, has been exposed to North Korean hacking attempts since late last year. It also said that the intranet of the Korea Atomic Energy Research Institute was exposed to the same hacking attack on June 14. According to experts, the hacking attempts were made in order to steal South Korea’s nuclear submarine design and building techniques. At present, the company and the institute are capable of building a nuclear submarine if ...

GTT announces that it has received an order from its partner the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of a new LNGC[1] on behalf of the Korean ship-owner HYUNDAI LNG SHIPPING CO., LTD. As part of this order, GTT will design the tanks of the vessel which will offer a capacity of 174,000 m3. The tanks will be fitted with the GTT NO96 GW membrane containment system, a technology developed by GTT. The vessel will be delivered at the end of 2023. Source: GTT

Korea Shipbuilding & Offshore Engineering announced Monday that it has inked deals to build six ships worth 837 billion won ($738 million). The deal was made between four different shipping companies. The orders were for two liquefied natural gas (LNG) carriers, three very large liquefied petroleum gas carriers and one very large crude carrier. The LNG carriers will be built at Hyundai Heavy Industries’ shipyard in Ulsan and delivered by the latter half of 2023. For the three LPG carriers, two will be built by Hyundai Heavy Industries and one ...

Korea Shipbuilding & Offshore Engineering (KSOE) is expected to secure an order to build container ships using methanol as a fuel from Maesk, the world’s largest container ship service operator. Hyundai Mipo Dockyard, a subsidiary of KSOE, recently signed a letter of intent (LOI) with Maesk to build three 3,500-TEU methanol fuel-powered container ships (including optional units). The company did not disclose details about the ships’ price and shipbuilding schedule. Industry insiders predict that the value of each ship will run between 45 billion won to 50 billion won. If ...

Damen Shipyards Group has reached a major milestone in the construction of its first fully-electric Reversed Stern Drive tug. The shipbuilder is constructing the RSD-E Tug 2513, named Sparky, for New Zealand’s Ports of Auckland. Recently, Damen Song Cam Shipyard in Vietnam installed the tug’s batteries. This involved the installation of some 2,240 batteries, totalling 2,784 kWh. With this, Sparky will carry out two or more berthing/unberthing operations with up to 70 tonnes bollard pull on a single charge. Following, it will take just two hours for the tug to ...

The Ministry of Oceans and Fisheries approved the revised low-flashpoint fuel rules of the Korean Register of Shipping on June 18. The new rules are to inspect methanol fuel-propelled vessels and such vessels of South Korea are expected to be put into operation in the near future. The revised rules are to check whether a ship is safe in terms of explosion and fire attributable to methanol and ethanol. The rules also cover safety in terms of structural strength and harm to the human body. Ethanol and methanol, which are ...

A series of obstacles both within and outside of Korea are prolonging the delay in a proposed deal between Korea Shipbuilding and Offshore Engineering (KSOE) and Daewoo Shipbuilding & Marine Engineering (DSME). The deal for KSOE’s acquisition of DSME was first proposed more than two years ago. Due to concerns over KSOE monopolizing the global market, the EU Competition Commission has been reluctant to reach a decision since July 2020 on whether to approve the $1.8 billion acquisition of DSME. The EU was one of the six regions where KSOE ...

The first of Damen Shipyard’s new Utility Vessel (UV) 3911 class has sailed across the Atlantic to Jamaica. Following a period of training and commissioning, the vessel will commence operations for its owner, the Port Authority of Jamaica (PAJAM). The Damen Utility Vessel range offers versatile, state-of-the-art solutions capable of undertaking a wide range of duties both in and offshore thanks to its extensive, unobstructed deck space and extensive accommodation catering for both crew and work teams. The 39-metre UV 3911 for PAJAM has been equipped with a package that ...

The latest addition to KNUD E. HANSEN’s Atlas series of wind turbine installation vessels, the Atlas A-class is able to carry four new-generation 14 megawatt wind turbines and is tailored for cost-effective installation of large-scale wind farms. The vessel is specifically dimensioned for transporting and assembling wind turbines on top of pre-installed foundations. This is predicated on the idea that growth in the offshore wind sector creates more opportunities for specialized vessels. The foundations, which are heavy but do not require jacking, can be efficiently installed from a heavy-lift vessel. ...

GTT announces that it has received an order from its partner the Korean shipyard Hyundai Heavy Industries (HHI) for the tank design of four new LNGCs1 on behalf of a European ship-owner. GTT will design the tanks of the vessels which will each offer a capacity of 200,000 m3 and will be fitted with the GTT Mark III Flex+ membrane cryogenic containment system. Deliveries of the vessels are scheduled between the third quarter of 2023 and the first quarter of 2024. Source: GTT