Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE) News

Korea Shipbuilding & Offshore Engineering (KSOE) and its subsidiary - Hyundai Heavy Industries (HHI) have received an Approval in Principle (AiP) from DNV for their newly developed waste heat-derived LNG fuel supply system - Hi-eGAS (Hyundai High Efficient Gas Supply System) for 300K VLCC. Currently, LNG fuel propulsion ships have used boilers to make hot steam, which has converted LNG into a gas at room temperature, to supply a ship’s engine. However, this process has the disadvantag...

Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Heavy Industries (HHI) Group’s intermediate holding company controlling the Group’s shipbuilding units, won orders to build six new ships worth KRW 1 trillion in total.   KSOE announced on December 16 that it recently signed contracts with shipping companies based in Europe, Bermuda, and Asia to construct four 174,000m³ LNG carriers and two 318,000-ton very large crude oil carriers (VLCCs). Enhancing operation...

Korea Shipbuilding & Offshore Engineering (KSOE) is building an electric-powered ship using its own technologies, as it ramps up the efforts to establish early dominance in the market for eco-friendly vessels.   Hyundai Mipo Dockyard (HMD), a subsidiary of KSOE, recently announced that it has signed an agreement with Ulsan ICT Promotion Agency (UIPA) to build a smart ship with an electric propulsion system featuring the convergence of various information and communication technologies...