LNG dual-fuel container ship
Scope
Date
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ESG
HMM receives Gold rating in EcoVadis ESG evaluation
HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environmental, social and gover...
Mar 23, 2023 (Gmt+09:00)
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Batteries
Hyundai Motor, Kia develop ultra-high-temp hydrogen fuel cells with US firm
Hyundai Motor Co. and Kia Corp. has joined forces with Advent Technologies, an American maker of membrane electrode assemblies (MEA), a key componen...
Mar 23, 2023 (Gmt+09:00)
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Batteries
Doosan Fuel Cell teams up with Kolon Global for hydrogen fuel cell
South Korean fuel cell manufacturer Doosan Fuel Cell, and Kolon Global Corp., a South Korean company that specializes in the production of industria...
Mar 23, 2023 (Gmt+09:00)
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Batteries
SK Ecoplant Americas completes fuel cell project at US hospitals
SK Ecoplant Americas has completed a project to supply and install solid oxide fuel cells at US hospitals in collaboration with Bloom Energy. The pr...
Mar 22, 2023 (Gmt+09:00)
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Corporate restructuring
S.Korea's STX to spin off shipping division
South Korea's general trading company STX Corporation has announced plans to divide its shipping division into a new company specializing in shippin...
Mar 21, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy partners with Kongsberg Maritime for autonomous ships
Samsung Heavy Industries, one of the world’s largest shipbuilders, has signed a joint development agreement with Kongsberg Maritime AS, a Norw...
Mar 20, 2023 (Gmt+09:00)
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Hydrogen economy
Kolon Industries showcases hydrogen fuel cell materials at Tokyo Expo
Kolon Industries Inc., a Korean manufacturer of chemical and textile products, said on Wednesday that it was exhibiting its hydrogen fuel cell parts...
Mar 16, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo Shipbuilding lands record LNG carrier deal from Greece
Daewoo Shipbuilding & Marine Engineering Co., one of the world’s largest shipbuilders, secured a $512 million contract to build two ...
Mar 15, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. puts SK Shipping’s tanker business up for sale
South Korean private equity firm Hahn & Co. is seeking to sell SK Shipping Co.’s tanker division, a business widely seen as the breadwinne...
Mar 13, 2023 (Gmt+09:00)
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Beauty & Cosmetics
SK Chemicals, Yonwoo to develop eco-friendly cosmetic containers
South Korean chemical company SK Chemicals and Yonwoo Co., a subsidiary of Kolmar Korea, which is a leading domestic cosmetic container manufacturer...
Mar 13, 2023 (Gmt+09:00)
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Automobiles
South Korean tire makers raise prices despite weak sales
South Korea’s three largest tire makers are raising product prices despite their weak sales in anticipation of an imminent market rebound amid...
Mar 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea kicks off privatization of top container line HMM
South Korea has started the process to privatize the country’s No. 1 container line HMM Co. by tapping advisors for the sale of the controllin...
Mar 03, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's KSOE wins order for 3 LNG carriers at $770 mn
Korea Shipbuilding & Offshore Engineering, a shipbuilding holding company of HD Hyundai Group, has secured a contract for liquefied natural gas ...
Mar 03, 2023 (Gmt+09:00)
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ESG
S.Korea’s HMM tops carbon efficiency ranking on key shipping route
South Korea’s largest container line HMM Co. said on Thursday it had the lowest carbon emission intensity on East Asia–US West Coast rou...
Mar 02, 2023 (Gmt+09:00)
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Carbon neutrality
Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel
On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...
Feb 21, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Avikus unveils self-sailing leisure vessel tech NeuBoat at US ship event
Avikus, an autonomous ship navigation affiliate of South Korea's shipbuilding, heavy equipment, machine and petroleum giant HD Hyundai Co., on Sunda...
Feb 20, 2023 (Gmt+09:00)
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Chemical Industry
SK to build $480 mn recycling plant in France with partners
SK Geo Centric Co. is set to build a 450 million euro ($479.6 million) plastic recycling plant in France with the country’s utility company SU...
Feb 17, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Group buys HSD Engine for $175.9 million
South Korea's Hanwha Group will acquire ship engine maker HSD Engine in a move to shore up its shipbuilding unit following the conglomerate's takeov...
Feb 17, 2023 (Gmt+09:00)
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Energy
SK Ecoplant enters bioenergy sector with waste-to-fuel tech
South Korea's SK Ecoplant Co. will supply fuel made from the conversion of food waste.The company on Thursday said it entered the bioenergy market a...
Feb 16, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korean shipbuilders rule world’s eco-friendly vessel market
South Korea’s shipbuilders have won more than half of the orders to build eco-friendly vessels so this year based on advanced technology to do...
Feb 14, 2023 (Gmt+09:00)
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Earnings
HMM’s operating profit to fall 80% in 2023 on easing freight rates
South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in cont...
Feb 13, 2023 (Gmt+09:00)
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Energy
S.Korean LPG importers' profits surge on replacement demand
South Korea’s liquefied petroleum gas (LPG) importers such as E1 Corp. and SK Gas Ltd. saw their operating profit skyrocket in 2022, as a surg...
Feb 12, 2023 (Gmt+09:00)
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Automobiles
Electric vehicles in S.Korea beat diesel cars in sales
Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...
Feb 10, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy wins $495 million order for two LNG ships
Samsung Heavy Industries Co., a leading South Korean shipbuilder, said on Wednesday it has won a 609.7 billion won ($495 million) deal to build two ...
Feb 01, 2023 (Gmt+09:00)
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Energy
POSCO Int'l to expand LNG storage capacity for $810 mn
POSCO International Co. will sharply increase its liquefied natural gas (LNG) storage capacity by spending 1 trillion won ($810 million) to build a ...
Feb 01, 2023 (Gmt+09:00)
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Airlines
Asiana to introduce sustainable aviation fuel in partnership with Shell
Asiana Airlines Inc. has joined hands with multinational energy company Shell plc to introduce sustainable aviation fuel (SAF), an eco-friendly fuel...
Jan 30, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE wins orders for 7 LNG carriers in 1 week
Korea Shipbuilding & Offshore Engineering (KSOE), a mid-level shipbuilding holding affiliate of HD Hyundai Co., has landed successive orders for...
Jan 20, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE wins this year's first LNG carrier order worth $783 million
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company of HD Hyundai Co., said on Tuesday that it recent...
Jan 17, 2023 (Gmt+09:00)
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Travel & Leisure
Busan Port's cruise ship visits to resume after 3 years of hiatus
Cruise ship visits to Busan Port, which was suspended after COVID-19, will resume after three years.The Busan Port Authority said Friday that cruise...
Jan 13, 2023 (Gmt+09:00)
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Hydrogen economy
SK E&S, Plug Power agree to strengthen hydrogen partnership
SK E&S CEO Choo Hyung-wook met with Plug Power CEO Andy Marsh at CES 2023 in Las Vegas on Jan. 5 to discuss ways to strengthen cooperation in th...
Jan 11, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet