South Korea

HMM inks deal to develop zero-carbon propulsion system for ships

This technology will support the push for carbon-free operation.

Geotechnical work completed for Ørsted’s 1.4 GW Incheon offshore wind project

The wind farm will play a critical role in South Korea’s 2050 emissions goal.

HMM allocates $2.84b for fleet expansion

The order includes twelve 13,000 TEU LNG dual-fuel containerships.

Hanwha Ocean completes ship-to-ship LNG transfer during sea trials

This development addresses possible delays due to terminal congestion.

ITOCHU unveils supply of low-carbon methanol fuel for NYK Line

This development includes ship-to-ship bunkering for dual-fuel bulk carrier Green Future.

Hanwha Ocean, POSCO ink MoU to develop next-gen steel for warships

The ultra-high-strength rolled steel plate has four times the strength of conventional steel.

Hanwha Ocean bags large container ship deal from Yang Ming Marine

The deal involves seven 15,880 TEU large container vessels.

HD Hyundai secures approval in principle for ammonia dual-fuel medium gas carrier

This development means that there are no technical obstacles in the design’s implementation.

HMM inks $309.6m contract with Brazil's Vale

The parties signed their second contract.

HD Hyundai bags approval for 500 MW offshore substation

This will boost South Korea’s offshore wind industry.

HMM’s earnings up 5.7% in H1

The Shanghai Containerised Freight Index reflected weaker freight rates during the period.

ABS approves concept for floating small modular reactor

This will generate electricity for port facilities and onshore communities.

HD Hyundai develops Korea’s first high pressure propulsion drive

The company used Modular Multilevel Converter structure.