Daewoo Shipbuilding & Marine Engineering

SECNAV urges Korean shipbuilders to invest in U.S. shipyards

Secretary of the Navy Carlos Del Toro has been meeting with top South Korean shipbuilding executives and making the case for them to create American subsidiaries and invest in integrated U.S. commercial and naval shipbuilding facilities.

Shortly after arriving in Seoul on Sunday, February 25, Secretary Del Toro engaged separately with Hanwha vice chairman and CEO Dong Kwan Kim and HD Hyundai vice chairman and CEO Kisun Chung.

The morning of Tuesday, February 27, Chung personally gave Secretary...

https://www.marinelog.com/shipbuilding/secnav-urges-korean-shipbuilders-to-invest-in-u-s-shipyards/

Hanwha Ocean dismisses speculation about abandoning boxship business

South Korean shipbuilder Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) has refuted media reports saying it will not accept container ship orders this year.

A Hanwha Ocean official said, “We have not made any decisions such as not accepting orders for specific types of ships, such as container ships.”

Last year, Hanwha Ocean received orders for 17 ships, including five liquefied natural gas (LNG) carriers, five ammonia carriers, and seven special ships, but did not receive...

https://container-news.com/hanwha-ocean-dismisses-speculation-about-abandoning-boxship-business/

Is Philly Shipyard a Hanwha takeover target?

Back in July, Korean shipbuilder Hanwha Ocean was reportedly among the suitors in a rumored bid to acquire Austal. As we reported at that time, Austal said:

“Austal is regularly involved in discussions with potential parties concerning strategic initiatives to create value for its shareholders. While discussions may take place from time to time, there can be no certainty that any opportunity will proceed … Austal will keep shareholders informed in accordance with its continuous disclosure...

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/is-philly-shipyard-a-hanwha-takeover-target/

South Korean shipyard workers protest foreign labour influx

The Korean Metal Workers’ Union, the umbrella union representing workers of eight South Korean shipbuilders, is staging a series of strikes this month in support of Hyundai Heavy Industries’ workers who have been involved in industrial action since late April.

Particularly, the shipyard workers were incensed when the government, at the shipbuilders’ request abolished the quota system in mid-April to allow in foreign labour for four shipbuilding areas – welding, painting, electric engineering,...

https://container-news.com/south-korean-shipyard-workers-protest-foreign-labour-influx/

DSME Won Deal for Construction of Eco-Friendly LPG carriers

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a deal for the construction of three eco-friendly ultra-large liquefied petroleum gas (LPG) carriers, reports offshore-energy.

About The Contract

The contract, signed with an unnamed European shipowner, has been valued at KRW 265 billion ($234 million), DSME said in a stock exchange filing on 16 March 2021.

The three 91,000 cbm LPG carriers will be built at the Okpo Shipyard and are scheduled for delivery by 31...

https://mfame.guru/dsme-won-deal-for-construction-of-eco-friendly-lpg-carriers/

Hapag-Lloyd invests US$1 billion in new giant vessels

Hapag-Lloyd has announced a deal with the Korean shipyard Daewoo Shipbuilding & Marine Engineering for six 23,000+TEU container vessels.

The ultra-large newbuildings, which will be powered by dual-fuel engines using liquefied natural gas (LNG) and diesel fuels are expected to be delivered to the German carrier between April and December 2023.

The vessels will be fitted with a high-pressure dual-fuel engine, which will be “extremely fuel-efficient,” said the Hamburg-based company. The engine will...

https://container-news.com/hapag-lloyd-invests-us1-billion-in-new-giant-vessels/