Top dogs of South Korean shipbuilding industry eye carbon neutrality by 2050

The top six South Korean shipbuilding majors have set sights on achieving carbon neutrality in the sector by 2050, thus joining the global decarbonization push. Namely, representatives of Samsung Heavy Industries (SHI), Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy … Read More

DSME shuts down production amid COVID-19 outbreak

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has stopped production at its facilities in Okpo, Geoje amid an outbreak of Covid-19 infections among workers. Close to 70 workers have tested positive for coronavirus at the yard, according to … Read More

HHI-DSME merger to be cleared after transfer of LNG technology to smaller yards

The mega-merger between the South Korean shipbuilding giants Hyundai Heavy Industries Group and Daewoo Shipbuilding and Marine Engineering will receive regulatory approval once there are assurances that the competition on the market would not be distorted. In practice this means … Read More

DHT renews fleet with scrubber-fitted, eco-design duo

DHT Holdings, Inc. has entered into an agreement to acquire two very large crude carriers (VLCCs) built in 2016 at Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) for a total of $136 million. The vessels are scheduled to deliver … Read More

DSME terminates deal for 6 containerships

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) revealed a contract termination for six containerships worth $711 million. The contract was won in December last year from an undisclosed owner from Africa. The containerships were scheduled for delivery by the … Read More

Hapag-Lloyd orders six LNG-powered 23,500+ TEU ULCVs in $1 billion deal

German liner giant Hapag-Lloyd has ordered six ultra-large container vessels from Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME). The $ 1 billion investment will see the LNG-powered 23,500+ TEU vessels delivered to Hapag-Lloyd between April and December 2023. The … Read More

DSME inks LoI for 10 LNG-powered VLCCs

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed a Letter of Intent (LoI) to build 10 LNG-powered very large crude carriers (VLCCs) for an undisclosed European client, Business Korea reported citing the shipyard. If the contract for … Read More

DSME wins $260 million order for 3 VLCCs from ADNOC

Abu Dhabi National Oil Company (ADNOC) has placed an order for three very large crude carriers (VLCCs) with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering. The contract is worth KRW 282 billion ($ 260 million), according to the shipbuilder. The VLCC … Read More