The business of shipping gas is ushering in a once-in-a-generation transformation with new energy tradelanes emerging requiring new ship types. Delegates attending this year’s annual Gastech in Houston have been able to get a glimpse of what gas shipping’s future might look like with shipyards...
https://splash247.com/gastech-delegates-get-a-glimpse-of-new-ship-types/
The Indian government has been in touch with major shipbuilders in South Korea and Japan to encourage them to set up bases on the sub-continent in a move similar to how China advanced so rapidly up the shipbuilding ranks 20 years ago. The Indian government has made it clear it wants to become a...
https://splash247.com/india-woos-japanese-and-korean-shipyards/
Cido Shipping’s cape exit has been confirmed as Chinese cape player Rongchang welcomes its fourth cape in three years. This summer sales chatter surrounded the sale of the 18-year-old cape, Great Navigator, with a few brokers indicating that that ship was for sale. Now a price tag of $19m and the...
South Korean conglomerate Hanwha Group has made it known that it plans to acquire all shares it currently does not own in Singapore-based oil and gas fabricator Dyna-Mac via a tender offer worth up to 600bn won ($448m). The conglomerate’s defence and shipbuilding units Hanwha Aerospace and Hanwha...
https://splash247.com/hanwha-looking-to-take-full-control-of-dyna-mac-with-tender-offer/
South Korea’s leading shipping company, HMM, has announced a comprehensive strategy to transform itself into a global “green” shipping and logistics provider, with plans to invest 23.5 trillion Korean won…
https://gcaptain.com/south-korean-shipping-giant-hmm-unveils-17-4-billion-green-investment-plan/
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HMM has outlined a strategy to become a global green shipping and logistics carrier, aiming for sustainable growth by 2030. The company will invest $17.7 billion, divided as follows: … |
https://maritime-professionals.com/hmm-plans-expansion-plans/
South Korean flagship HMM today unveiled its expansion plans through to the end of the decade, setting aside a massive KRW23.5trn ($17.48bn) that will see its container fleet nearly double while its tanker and dry bulk fleets will triple in size come 2030. Among the outlay for the state-run line,...
Offshore wind developer EDF Renewables, a subsidiary of France’s utility EDF, has acquired 100% of Shell Overseas Holdings’s shares in a company exploring the development of a high-power offshore wind project in South Korea. Through the acquisition of the company, named West Sea Energy 1, it will...
https://splash247.com/edf-renewables-buys-first-offshore-wind-project-in-south-korea/
Unionised workers at busy shipbuilders in South Korea downed tools today, in a first round of strikes that will likely continue next month. Labour unions, consisting of eight shipyard chapters, launched a two-to-five-hour joint partial strike at yards including HD Hyundai Heavy Industries, HD...
https://splash247.com/first-in-planned-series-of-strikes-kicks-off-at-south-koreas-major-shipyards/
South Korea’s largest shipbuilding group has bought a Finnish hydrogen fuel cell maker. HD Hydrogen, a new unit of HD Korea Shipbuilding & Offshore Engineering(HD KSOE), is paying EUR72m ($81m) to take over Convion, a 12-year-old company developing solid oxide cell (SOC) technology. It has...
https://splash247.com/south-koreas-largest-shipbuilder-buys-finnish-fuel-cell-maker/