An opinion piece published in a U.S. think tank's journal noted that cooperation with ally South Korea is essential for the rebuilding of the U.S. shipbuilding industry and navy. It also mentioned that Hanwha Ocean and HD Hyundai Heavy Industries are the most suitable partners for this cooperation. ...
HD Hyundai launched the world's largest liquefied carbon dioxide (LCO₂) carrier. At more than three times the size of existing commercial vessels, it can transport various liquefied gases in addition to carbon dioxide. HD Hyundai Mipo, a shipbuilding affiliate of HD Hyundai, recently held a launchin...
Korea Hydro & Nuclear Power has thrown down the gauntlet by challenging the construction project of the first nuclear power plant that Kazakhstan, the world’s largest uranium producer, is set to build. Until now, KHNP had been withdrawing from the European nuclear power market, and it is speculated ...
Hanwha Solutions Qcells will participate in the '22nd International Green Energy Expo' held at Daegu EXCO from the 23rd for three days, it announced on the 16th. Qcells plans to showcase its representative products, solar modules and inverter products, and introduce its energy consulting business to...
Korean Air is inviting employees and families of Asiana Airlines to its annual event, focusing on fostering a chemical bond. With the launch of the integrated airline set for 2027, Cho Won-tae, chairman of Hanjin Group, is making efforts to create connections between employees of the two airlines an...
SK Innovation E&S will collaborate with JB Financial Group and the carbon consulting firm Energen to support domestic corporations in achieving 100% renewable energy (RE100) commitments through the expansion of power purchase agreements (PPA). On the 15th, SK Innovation E&S announced that it signed ...
On the 14th, Favors Global, a subsidiary of Favors Group, announced that it has signed a strategic memorandum of understanding (MOU) with Ecovis to establish a logistics hub in Central Asia. The three corporations plan to establish an aviation and land-based combined logistics network connecting cou...
Starting in 2027, a carbon tax exceeding $100 per ton (t) of greenhouse gas emitted by ships will be imposed. This money will be deposited into a carbon fund managed by the International Maritime Organization (IMO), aimed at developing clean fuel, investing in eco-friendly ships, and supporting deve...
The government's decision to actively support the increase in the issuance of Refund Guarantee (RG) has relieved small and medium-sized shipyards. RG is a guarantee provided by financial institutions for the advance payment made by shipowners to shipbuilders, and without obtaining an RG, it is impos...
HJ Shipbuilding & Construction announced on the 14th that Admiral Neil C. Cproski, the commander of U.S. Naval Forces Korea, visited the Busan Yeongdo shipyard on the 10th and discussed cooperation plans related to maintenance, repair, and overhaul (MRO) business with CEO Yoo Sang-cheol and other ex...
