Samsung Heavy Industries Co. has signed a deal with Dae Sun Shipbuilding & Engineering Co to support technologies for smart ships.
Following their agreement, Samsung Heavy Industries will share its SVESSEL, a smart ship system that it developed independently, with Dae Sun Shipbuilding & Engineering Co. to have the competitive edge in the midsized ship market.
Samsung Heavy Industries said the technology cooperation is considered a new cooperative model between large shipbuilders and midsized shipbuilders.
Late last year, the Export-Import Bank of Korea, the main creditor of Dae Sun Shipbuilding & Engineering, finalized a 160 billion-won (US$140.8 million) deal with local steelmaker Dongil Steel Co. to sell the midsized shipbuilder. Concluding, the midsized shipbuilder has the capacity to build 1,800 TEU container carriers.
