Tag: shipbuilding

South Korean DSME, one of the largest shipbuilders in the world by orders, could achieve US$9.1 billion in sales this year, according to the company’s CEO. DSME is currently making efforts to secure orders for offshore facilities for the rest of the year, which if realized, could help the company exceed the target.

South Korean Shipping company Hyundai Merchant Marine has selected three compatriot shipbuilders for the construction of its twenty eco-friendly mega container ships, under the company's ‘Capacity of 1 Million TEU’ strategy, and the Korean government’s ‘5 Year Plan for Rebuilding Korean Shipping’ plan.

The South Korean government will designate five key shipbuilding centres on the country’s south coast as “industry crisis” zones eligible for economic support, according to the finance minister, Kim Dong-yeon. These areas are home to shipbuilding companies that have struggled with high unemployment in recent years.

Irving Shipbuilding, Canada’s National Shipbuilder, has awarded an $8.9 million contract to ABCO Industries Limited to design and build a 12 metre landing craft for the Royal Canadian Navy’s Harry DeWolf-class Arctic and Offshore Patrol Ships. The first AOPS, the future HMCS Harry DeWolf, will be launched in fall 2018.

US lawmakers introduced a bill called "Energizing American Shipbuilding Act of 2018." This bill aims to rebuild America’s domestic shipbuilding and maritime industry. The legislation will support American shipbuilding by requiring a portion of LNG and crude oil exports to be transported on US-built, U.S.-crewed vessels.

The new vessels will be the first examples of a new series of hybrid Ro-Ro vessels, which will use fossil fuel during navigation and electricity while in port, ensuring "zero emissions in port". The vessels will be equipped with mega lithium batteries which will allow them to meet the energy requirements while at berth.

South Korean DSME announced the signing of a MoU with NBP and Intel Korea, to jointly develop Smart Ship 4.0 Service Infrastructure. DSME will build a basic environment for the infrastructure of the Intelligent Smart Ship 4.0 Service on the Naver Cloud Platform of NBP and introduce Intel’s IoT solutions to the On-Ship IoT System.

After years of struggling with dwindling orders, the S. Korean shipbuilding industry is starting to show signs of recovery with a steady rise in orders. Busan needs to effectively use marine finance infrastructure and ensure its stronger presence as a marine finance hub city by focusing on changes.

Huntington Ingalls Industries's Newport News Shipbuilding division will cooperate with 3D Systems to create additive manufacturing technologies expected to facilitate the adoption of metal 3-D printing in the naval shipbuilding industry. The collaboration will support future qualification and certification programs to implement this  manufacturing technology for the US Navy.

Despite an overall improvement in the global shipbuilding industry, the bandages in international competition are getting tougher, with China attracting more and more orders in niche markets with prices below material costs, noted Germany's Shipbuilding Association, VSM.