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 1 […]
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 o […]
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 […]
Global information and communication technology companies, including Amazon and Google, are accelerating the “democratization” of artificial intelligence (AI) technologies. The AI democratization refers to tha […]
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 e […]
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 […]
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 […]
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 h […]
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 s […]
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 […]
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 & […]
ekomeri wrote a new post, Korean FTC conditionally okays Maersk’s HSDG buyout 1 month, 3 weeks ago
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 o […]
STX Offshore and Shipbuilding’s main creditor, Korea Development Bank (KDB), has issued refund guarantees for eight newbuilding orders the troubled shipbuilder secured earlier this year.
The said guarantees r […]
The Busan-Jinhae Free Economic Zone (BJFEZ) has been awarded the “Top Free Zones Award” for 2017 and named one of the top free economic zones in Asia by Site Selection, an U.S.-based economic development tra […]
Hyundai Heavy Industries Co., a major South Korean shipyard, has set up the world’s largest industrial energy storage system (ESS) center at the headquarters in Ulsan.
Hyundai Heavy announced on November 23 […]
Alaskartano, Finland, headquartered Langh Tech is to supply hybrid exhaust gas scrubbers and EGR water treatment systems for three 2,150 TEU container vessels on order at China’s Guangzhou Wenchong Shipyard for […]
ekomeri wrote a new post, EU Member States Okay Revised EU Emissions Trading System 2 months ago
The revision of the EU emissions trading system, set to help reduce greenhouse gas emissions, has received an approval from the Member States.
The development comes two weeks after the European Parliament, th […]
ekomeri wrote a new post, Electric Propulsion to Become Essential in Shipping 2 months ago
Electric propulsion will become a maritime imperative rather than an alternative, according to Finland-based technology company ABB.
The company believes the automotive industry’s wider adoption of hyb […]
ekomeri wrote a new post, South Korea’s job addition slows below 300,000 in October 2 months ago
South Korea’s job growth slowed down in October after a brief increase above the 300,000 mark a month ago amid little sign of relief on the job market for the young, government data showed.
According to data r […]
Daewoo E&C announced that the builder received a letter of acceptance (LOA) on the second package of the Mumbai Maritime Bridge project in Mumbai, India on November 17 (local time).
Daewoo E&C said that the […]
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