New, Value Added, Eco-Friendly Ships. Shipbuilding exports are taking the lead in Korea’s exports in the first half of the year. During this span, Korea’s exports rose 11.9% year on year. The Korean shipbuilding industry secured four years’ worth of work through the end of the first half of this year. This is the largest order backlog in 12 years….
Bloom Energy and South Korea-based Samsung Heavy Industries (SHI) signed a joint development agreement to design and develop fuel cell-powered ships. The two companies will work together to use Bloom fuel cells to cut emissions on ships, a sizable source of pollution. The fuel cells would produce electricity that would power the ships via liquefied natural gas (LNG). Bloom’s main…
The world’s shipbuilding companies are concentrated in three East Asian countries – China, South Korea, and Japan – that when combined control 90% of global market share. But finally, after seven years, South Korean shipyards have recaptured the lead in annual shipbuilding orders secured, according to newly released data from Clarkson Research institute. South Korea lost its No. 1 rank…