South Korean shipbuilders fulfill discounted orders to lift earnings

The three largest shipbuilders in South Korea have reported annual earnings that improved from a year earlier, thanks to the reduction of nonprofitable orders dating back to a leaner period. Domestic leader HD Korea Shipbuilding & Offshore Engineering notched its first operating profit in three...

https://www.hellenicshippingnews.com/south-korean-shipbuilders-fulfill-discounted-orders-to-lift-earnings/

New study by GTT, Lloyd’s Register and Shell concludes that predictive technology could extend tank inspection intervals on LNG carriers

A study led by GTT Group, Lloyd’s Register and Shell International Trading and Shipping Company Limited concludes that inspection intervals for LNG carrier membrane tanks could be safely extended thanks to monitoring technology and predictive maintenance. The International Gas Carriers (IGC) Code...

https://www.hellenicshippingnews.com/new-study-by-gtt-lloyds-register-and-shell-concludes-that-predictive-technology-could-extend-tank-inspection-intervals-on-lng-carriers/

Hanwha Ocean Inks MOA on Building 12 LNG Carriers with Middle Eastern Shipping Company

Hanwha Ocean announced on March 4 that it signed a memorandum of agreement (MOA) to build 12 liquefied natural gas (LNG) carriers with a Middle Eastern shipping company. Hanwha Ocean did not disclose the client but it is believed to be Qatar Energy, the state-run energy company of Qatar. Qatar...

https://www.hellenicshippingnews.com/hanwha-ocean-inks-moa-on-building-12-lng-carriers-with-middle-eastern-shipping-company/

HD KSOE and Hyundai Power Systems to Develop Onboard Carbon Capture System

Hyundai Heavy Industries Power Systems (HPS), together with HD Korea Shipbuilding & Offshore Engineering (KSOE) and CE-TEK has signed a joint development program agreement for the research and development of Onboard CCS demonstration units. The Onboard CCS demonstration unit is scheduled to undergo...

https://www.hellenicshippingnews.com/hd-ksoe-and-hyundai-power-systems-to-develop-onboard-carbon-capture-system/

Yangzijiang Shipbuilding reports record earnings despite delivering fewer vessels

Yangzijiang Shipbuilding has reported earnings of RMB4.1 billion for FY2023, up 57% over the preceding FY2022. Despite delivering fewer vessels, revenue in the same period was up 16.5% to RMB24.1 billion, as the company was contracted by customers to build larger and bigger ticket ships. In FY2023,...

https://www.hellenicshippingnews.com/yangzijiang-shipbuilding-reports-record-earnings-despite-delivering-fewer-vessels/

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