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 an Asian ship-owner. As part of this order, GTT will provide the design and associated engineering services for the...
Despite Hyundai Heavy Industries’ (HHI) submission of a number of solutions to address concerns over fair competition among large container vessel builders, the European Union has reached a consensus to block its proposed acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), two sources...
https://www.hellenicshippingnews.com/eu-set-to-block-hhis-2-bil-acquisition-of-dsme/
We maintain our 12m fwd TP of KRW135,000 (based on 12m Fwd BVPS and 0.95x target P/B) for KSOE. While we have reflected changes to total equity (i.e., change in base for the 12m fwd period as well as slight revisions to earnings forecast) and to cost of equity (i.e., change in the 1y monetary …
The...
https://www.hellenicshippingnews.com/ksoe-valuation-gap-to-narrow/
Competition is heating up among shipbuilders in Korea, China, and Japan to develop ammonia-powered ships amid growing demand for eco-friendly vessels. Ammonia is an eco-friendly fuel. Korea is ahead of China in ammonia vessel technology, but Chinese shipbuilders are chasing their Korean rivals. Recently, a group of Chinese companies have jointly developed an ammonia fuel-based …
The post Korean, Chinese and Japanese Shipbuilders Racing to Develop Ammonia-powered Vessels first appeared on Hellenic...
Clarkson Research said the Korean shipbuilding industry staged its comeback to the world’s No. 1 spot in October by accounting for 52 percent of the global orders. Korean shipbuilders won 1.12 million CGT (52 percent) of the global total of 2.13 million CGT, surpassing China’s 810,000 CGT. However,...
https://www.hellenicshippingnews.com/korean-shipbuilders-take-52-of-worldwide-orders-in-october/
South Korea bounced back to No.1 position in global ship orders in October on the surging global trade volume. Korean shipyards brought home the largest 1.12 million compensated gross tonnages (CGT), or 52 percent of the total 2.13 million CGTs in new global ship orders last month, according to...
Daewoo Shipbuilding & Marine Engineering (DSME) engineers compare an actual ship with the virtual vessel visualized through a mixed reality (MR) system. Daewoo Shipbuilding & Marine Engineering (DSME) announced on Nov. 4 that it has developed the industry’s first integrated mixed reality-based vessel platform “DW-3000F Surface Vessel MR System,” which combines the advantages of virtual …
The post DSME Develops Industry’s First Integrated MR-based Vessel Platform first appeared on Hellenic...
QatarEnergy has ordered six LNG ships from two South Korean shipyards, the first batch under a 2020 agreement, as the Gulf state seeks to meet requirements for its North Field expansion plans. Four vessels were ordered from Daewoo Shipbuilding & Marine Engineering and two ships from Samsung Heavy...
The Fair Trade Commission (FTC) is expected to conditionally approve the merger between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME). The commission is likely to reach a conclusion to the proposed business combination, which has been reviewed for the past three...
https://www.hellenicshippingnews.com/korean-ftc-expected-to-conditionally-endorse-hhi-dsme-marriage/
GTT announces that it has received, in October 2021, an order from its partner the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. (HZ) for the tank design of a new LNGC[1] on behalf of the leasing entity of the Chinese CSSC Group. As part of this order, GTT will design the tanks of...