Daewoo Shipbuilding

McDermott, Daewoo Shipbuilding & Marine Engineering to Study Large Liquid Hydrogen Carrier

Future ship designs are expected to be influenced by this work as reported by UpStream.

Feasibility study

Using an LH2 storage tank design, US contractor McDermott’s storage business line CB&I and South Korea’s Daewoo Shipbuilding & Marine Engineering want to conduct a feasibility study for a big liquid hydrogen (LH2) carrier.

Daewoo will look into and develop the general design of the vessel to install the LH2 storage tank while CB&I will assess its LH2 storage tank design for ocean-going ships.

Th...

https://mfame.guru/mcdermott-daewoo-shipbuilding-marine-engineering-to-study-large-liquid-hydrogen-carrier/

World’s First High Manganese Steel LNG Fuel Tank Installed On Ultra-Large Crude Oil Carrier

Officials of the two companies

Jointly developed with POSCO for 10 years, setting a milestone in eco-friendly LNG-powered ships for export to Korea, Kim Hak-dong set a milestone in the world’s first application of high manganese steel, developed after 10 years of joint research with LNG (Liquefied Natural Gas) fuel tanks. LNG fuel tanks are the core equipment for eco-friendly fuel propulsion ships.

On the 16th, Daewoo Shipbuilding & Marine Engineering (DSME) held a loading ceremony to install a high manganese steel LNG fuel...

https://www.marineinsight.com/shipping-news/worlds-first-high-manganese-steel-lng-fuel-tank-installed-on-ultra-large-crude-oil-carrier/

EU Hinders Mega-Merger Of South Korean Giants ‘DSME & HHI’

Hyundai_HHI_Shipbuilding

The European Union (EU) regulators are thought to be preparing to veto a merger between Daewoo Shipbuilding and Marine Engineering and Hyundai Heavy Industries Group per reports from the Financial Times.

Quoting authorities, the paper mentioned that this week, the EU’s antitrust authority is all prepared to announce its intent to block a two-billion-dollar merger as it considers the same to be anti-competitive.

The EU made such a decision out of concerns that this merger may even negatively...

https://www.marineinsight.com/shipping-news/eu-hinders-mega-merger-of-south-korean-giants-dsme-hhi/

Hapag-Lloyd orders 6 more 23,500-TEU ships at cost of $852M

Hapag-Lloyd has doubled its container ship order, commissioning a South Korean shipyard to build six more mega-vessels.

Each of the container ships will have a capacity of more than 23,500 twenty-foot equivalent units (TEUs). That’s the same size as the six ultra-large ships Hapag-Lloyd ordered at the end of 2020 from Daewoo Shipbuilding & Marine Engineering. 

The order does not come as a surprise. Hapag-Lloyd CEO Rolf Habben Jansen said on the ocean carrier’s first-quarter earnings call that the

https://www.freightwaves.com/news/hapag-lloyd-orders-6-more-23500-teu-ships-at-cost-of-852m

Hyundai Heavy to Transfer LNG Ship Technology to Small Shipbuilders

  • Hyundai Heavy Industries Group is planning to transfer its LNG ship building technology to the medium-sized shipbuilders.
  • Including STX Offshore & Shipbuilding and Hanjin Heavy Industries.

This is to submit the demonopolization plan to the European Commission, which is conducting a business combination review on Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, reports Business Korea.

Method to Remove Competition in LNG 

Last year, the European Commission told Hyundai Heavy...

https://mfame.guru/hyundai-heavy-to-transfer-lng-ship-technology-to-small-shipbuilders/

Hapag-Lloyd’s earnings ‘significantly higher’ despite uncertainty of 2020

Hapag-Lloyd issued its preliminary 2020 results on Wednesday and said earnings were “significantly higher despite the coronavirus pandemic.” In fact, earnings before interest, taxes, depreciation and amortization (EBITDA) were some $900 million higher than in 2019.

The German shipping line reported 2020 EBITDA of $3.1 billion, up from $2.22 billion the year before. 

According to the preliminary figures, earnings before interest and taxes (EBIT) increased to about $1.5 billion, up from $908...

https://www.freightwaves.com/news/hapag-lloyds-earnings-significantly-higher-despite-uncertainty-of-2020

Hapag-Lloyd, ONE order ultra large container ships

Two days before Christmas, Hapag-Lloyd presented its plans for six container ships, each with a carrying capacity of more than 23,500 twenty-foot equivalent units (TEUs). On Christmas Eve, Ocean Network Express (ONE) announced it had signed a letter of intent for the long-term charter of six vessels, each with a capacity of more than 24,000 TEUs. 

Hapag-Lloyd’s six ultra large container ships will be built at the Korean shipyard Daewoo Shipbuilding & Marine Engineering and delivered between...

https://s29755.pcdn.co/news/hapag-lloyd-one-order-ultra-large-container-ships

HMM Names World’s Largest Container Vessel, 24,000 TEU Giant, ‘HMM Algeciras’ At DSME Shipyard

‘HMM Algeciras’, the world’s largest container vessel

HMM held a naming ceremony for a 24,000 TEU-class containership ‘HMM Algeciras’, the world’s largest containership, at the DSME (Daewoo Shipbuilding & Marine Engineering)’s Okpo shipyard in Geoje, Korea.

About 160 distinguished persons attended the ceremony, including Moon Jae-in (President of the Republic of Korea), Hong Nam-ki (Deputy Prime Minister and Minister of Economy and Finance), Moon Seong-hyeok (Minister of Oceans and Fisheries), Eun Sung-soo (Chairman of Financial Services...

https://www.marineinsight.com/shipping-news/hmm-names-worlds-largest-container-vessel-24000-teu-giant-hmm-algeciras-at-dsme-shipyard/

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