Korea Shipbuilding & Offshore Engineering Co Archives

Shipping in Dilemma as Carbon-Cutting Fuel Tanks Remain Empty

1 June 2021

Shipping’s carbon-cutting fuel tanks so far remain empty, says an article on Wall Street Journal.

Shift to cleaner vessels

The dilemma faced by the shipping industry as it looks to shift to cleaner vessels to meet emissions reduction goals. The industry has agreed to boost the global fleet’s energy efficiency by at least 40% over the next decade and cut overall greenhouse-gas emissions from ship exhaust in half by 2050 compared with 2008 levels.

The difference with cars is that a cargo ship’s...

https://mfame.guru/shipping-in-dilemma-as-carbon-cutting-fuel-tanks-remain-empty/

KSOE Secures Orders Worth $292m

5 April 2021

Korea Shipbuilding & Offshore Engineering(KSOE) secures newbuild orders worth close to KRW 330bn ($292m), says an article on BM Global.

Contract of VLEC

The holding company of Hyundai Heavy Industries (HHI) said on 1 April, HHI had won a contract for the construction of two very large ethane carriers (VLECs).

Under the KRW 247.1bn (close to $219m) deal, HHI will build the VLECs for an undisclosed Asian shipping company.

Delivery details

The newbuilds should be delivered by 31 January 2023, KSOE’s...

https://mfame.guru/ksoe-secures-orders-worth-292m/

KOSE Won Fresh Orders Worth $724 Million

17 March 2021

South Korea’s largest shipbuilder Korea Shipbuilding & Offshore Engineering Co. (KOSE) has won fresh orders worth 823 billion won ($724 million) in recent weeks amid growing global demand for and eco-friendly gas carriers, reports mk.co.kr.

About New Contracts

KOSE said Monday that its shipbuilding subsidiaries have received new contracts to construct a total of 10 vessels for four clients from Europe, Africa and Oceania. The new orders include four 300,000-ton very large crude carriers (VLCC),...

https://mfame.guru/kose-won-fresh-orders-worth-724-million/

Korea Shipbuilding Clinches $529m Deal for 7 Vessels

22 December 2020

Korea Shipbuilding has received a combined 582 billion won (US$529 million) in orders to build several ships.
The company has signed several deals with unidentified shippers in Europe to build seven ships.
The container carriers and LPG ships will be delivered from the second half of 2022, while the PC vessel will be delivered in the first half of 2022.

Korea Shipbuilding & Offshore Engineering Co., the world’s leading shipbuilding group, has received a combined 582 billion won (US$529...

https://mfame.guru/korea-shipbuilding-clinches-529m-deal-for-7-vessels/

HHI Wins US $ 213M Orders Breaking the Sale Drought

31 October 2020

South Korean shipbuilding holding company Korea Shipbuilding & Offshore Engineering Co. has signed a combined 240 billion won (US$213 million) of orders from Africa and Europe.
Korea Shipbuilding has obtained deals to build two 300,000-ton Very Large Crude-oil Carriers (VLCC) and a 50,000-ton petrochemicals carrier from customers in the areas.

Korea Shipbuilding wins 240 bln won orders from Africa, Europe, writes Nam Kwang-sik for Yonhap News Agency.

Orders from Africa and Europe

South Korean...

https://mfame.guru/hhi-wins-us-213m-orders-breaking-the-sale-drought/