Author: ekomeri

S. Korea to Import Natural Gas Up to Five Million Tons Annually from Russia

South Korea’s Presidential Committee on Northern Economic Cooperation holds its opening ceremony on December 7, appointing CJ Korea Express President and CEO Park Geun-tae as its first chairman. More than 100 local private and public companies, such as Samsung, Hyundai and SK, are scheduled to join the committee’s council for cooperation between South Korean and Russian companies. These days, the ...

Korea to Export Nuclear Reactor Assessment Technology to France

Korea’s nuclear reactor evaluation technology will be exported to France, an advanced nation in the nuclear power sector. This means that the excellence of Korean nuclear technology was recognized in terms of software as well as hardware. “The CEA, a French government-funded research organization in the areas of energy, defense and security, information technologies and health technologies, ...

Daewoo Shipbuilding Signed New Contracts Including LNG- FSRU in Greece

Daewoo Shipbuilding & Marine Engineering (DSME) announced on December 7 that it signed a new contract with Maran Gas Maritime, a unit of Greek owner Angelicoussis Shipping Group, to build one liquefied natural gas floating storage regasification unit (LNG- FSRU) and one LNG carrier. Earlier, the South Korean shipbuilder won a contract for a new very large crude carrier (VLCC) from Aeolos in Gr...

Global ICT Companies Accelerates Opening Up AI Technologies

Global information and communication technology companies, including Amazon and Google, are accelerating the “democratization” of artificial intelligence (AI) technologies. The AI democratization refers to that specific companies with technology open up their AI technologies through cloud platforms to allow anyone to use them rather than monopolizing them. It is part of their strategy to create th...

Wärtsilä, GTT Creating One-Stop Shop for LNG-Fueled Ships

Finland-based technology group Wärtsilä, and GTT, the designer of cryogenic membrane containment solutions for liquefied gases, have finalized today a cooperation agreement at the Marintec conference and exhibition in Shanghai, China. The aim of the cooperation is to explore potential business opportunities in the marine sector in relation to LNG storage, fuel gas supply systems, and associated se...

Korean Register to Inspect Ships with Drones

Ship classification society Korean Register (KR) is now conducting inspection services using drones, responding to the industry-wide trend to use more unmanned technology. Inspections are conducted onboard, in and around ships, and many of the inspected areas are high risk and difficult to access safely. As explained, the inspections will be carried out using drones and underwater drones and will ...

Cuxhaven to Get New Shore Power Supply System for RoRos

Siemens has received an order to supply the key components of a Siharbor shore power supply system for roll-on/roll-off (RoRo) ships in Cuxhaven. As informed, the order includes the complete transformer station as well as the cable feed system. With a power output of 630 kilowatts (kW), the plant – to be owned by the northern German Gesellschaft für Hafeninfrastruktur Niedersachsen Ports (NPorts) ...

South Korea’s Shipbuilding Industry Losing Its Cost Competitive Edge

South Korea’s shipbuilding industry has been overtaken by latecomers, including China, in the liquefied natural gas (LNG) carrier, very large crude carrier (VLCC) and offshore plant sectors that the industry has had the most competitive edge in the world. Even Singapore, which has been “immaterial” in the industry, is taking away orders from South Korean shipbuilders. Worsening Cost Competitivenes...

Samsung Heavy Industries signs $240 million deal to build 2 shuttle tankers

South Korea’s Samsung Heavy Industries Co. won a $240 million order from Canadian marine energy transportation company Teekay Corp. to build two 130,000 deadweight tonnage (DWT) shuttle tankers, the shipbuilder said in a regulatory filing on Wednesday. A shuttle tanker is a vessel designed to transport oil from an offshore plant to an onshore storage facility. A majority of shuttle tankers are cur...

Rolls-Royce, Partners Eye Zero Emission Ships

By combining existing technologies in a new way, it is possible to build ferries that represent a quantum leap for the environment. That is the idea behind a new R&D project involving four major players in the maritime sector – Rolls-Royce, Color Line, Norled and the Norwegian Coastal Administration (NCA). The project has now received a NOK 5.9 million (around USD 717,000) grant from the Resea...

ABB turbocharger efficiency gain promises big fuel cost savings

 ABB Turbocharging reports that it has achieved a turbocharging efficiency increase of 2% in comparison with the recognized industry performance yard stick for low-speed engine turbochargers, the MAN Diesel & Turbo turbocharger efficiency benchmark. The ABB turbocharging efficiency benchmark test took place earlier this year on a Hyundai testbed in Korea. Three latest generation ABB A180-L tur...

Korean FTC conditionally okays Maersk’s HSDG buyout

South Korea’s antitrust watchdog on Monday approved the world’s No. 1 shipper MaerskLine’s $4 billion acquisition of industry’s seventh Hamburg Sud (HSDG) on condition that the German container carrier drops out of the shipping consortium on the trade routes connecting Asia and Central and South America. The Fair Trade Commission (FTC) reviewed antitrust approval from Maersk in April after it acqu...

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