-
Oct 3, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Yoon Yeon-hae
South Korea’s HD Hyundai Heavy Industries Co., the world’s largest shipbuilder, announced on Thursday that it has obtained Approval in Principle (AIP) from Det Norske Veritas (DNV) and Korean Register (KR) for the design safety standards of its export-type submarine for the first time in the country. The 2,300-ton HDS-2300, which received the approval, has been indigenously developed. It is 73 meters long and 8.5 meters wide. Its maximum surface speed is 20 knots or about 37 kilometers per hour.
-
Sep 29, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Yoon Yeon-hae
Senior U.S. Navy officials overseeing the U.S. naval ship program recently visited the research and development (R&D) centers of South Korea’s HD Hyundai Co. and Hanwha Ocean Co. to explore potential collaboration in naval ship projects. This development comes as U.S.-Korea cooperation in the naval ship sector accelerates following the first successful contract for the maintenance, repair, and overhaul (MRO) of U.S. naval vessels by a Korean shipbuilder.
-
Sep 22, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Yoon Yeon-hae
Doosan Enerbility Co., South Korea’s biggest supplier of nuclear reactors, will invest 200 billion won ($150.09 million) in its subsidiary, Doosan Škoda Power, to begin producing generators in the Czech Republic. Doosan Enerbility announced on Sunday that it will invest a total of 200 billion won to transfer generator production technology to Doosan Škoda Power, which manufactures steam turbines, a key component of nuclear power plants.
-
Sep 22, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Han Yubin
European members of the North Atlantic Treaty Organization, or NATO, are emerging as advocates for Korean weapons manufacturers, according to a recent anecdote. Hanwha Aerospace Co. recently won a contract worth 1.7 trillion won ($1.27 billion) with Romania to supply 45 self-propelled howitzers K9 Thunder and 36 K10 ammunition carriers, with support from Norway.
-
Sep 19, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Chang Iou-chung
Hanwha Ocean Co. and HD Hyundai Co. moved a step closer to the commercialization of liquid hydrogen carriers powered by carbon-free energy sources.
-
Sep 13, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Minu Kim
Hanwha Group announced on Thursday that it is launching a public tender offer to acquire shares of Dyna-Mac Holdings, a Singapore-based company specializing in floating offshore structures. Through this acquisition, Hanwha Aerospace Co. and Hanwha Ocean Co. aim to secure management control of the publicly traded firm. The offer will be conducted via a special-purpose company (SPC) based in Singapore, with the share price set at 0.6 Singapore dollars ($0.46) per share.
-
Sep 10, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Chang Iou-chung
South Korean shipping line HMM Co. announced on Tuesday that it will invest 23.5 trillion won ($17.5 billion) by 2030 to enhance its shipping competitiveness. According to the company, 12.7 trillion won will be spent on the container segment to expand slot capacity to 1.55 million TEU (130 vessels) by 2030, up from 910,000 TEU this year. In the bulk segment, HMM will nearly double its fleet to 12.56 million DWT by 2030 from 6.45 million DWT, creating a more stable portfolio.
-
Sep 9, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Minu Kim
South Korean shipping company HMM Co. announced on Monday that it will reorganize its current shipping alliance with Japanese carrier Ocean Network Express (ONE) and Taiwan’s Yang Ming Marine Transportation (Yang Ming), under a new cooperative framework called the Premier Alliance. The restructuring comes in response to the upcoming departure of German shipping giant Hapag-Lloyd from the group in February 2025.
-
Sep 8, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Chang Iou-chung
Hanwha Group’s three defense companies—Hanwha Aerospace Co., Hanwha Ocean Co., and Hanwha Systems Co.—are set to hire new entry-level employees as part of their second half hiring plan. According to Hanwha Group on Sunday, the combined hiring target for these three defense companies is about 600, the largest recruitment scale in recent years.
-
Sep 4, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Yoon Yeon-hae
Gaon Cable Co., a subsidiary of South Korean cable company LS Cable & System Ltd. (LS C&S), will acquire G&P Co., also a subsidiary of LS C&S that specializes in power distribution cables and wire materials. According to LS Cable & System on Tuesday, Gaon Cable held a board meeting on Monday and approved a third-party allocation capital increase and transfer of G&P shares from LS Cable & System.
