Due to limited shipbuilding space in South Korea and high global demand for new ships, Hanwha Ocean Co. Ltd. is considering partnerships with Indian shipyards for investment and collaboration. The company needs to offload some orders to meet global demand. India aims to boost its shipbuilding industry with policies supporting growth and green technologies.
The CEEC denied the company’s request to resume work at the Geoje shipyard due to a lack of safety measures post-accident. The review committee found necessary precautions absent after almost two weeks. Hanwha Ocean shipyard had the highest number of reported deaths in South Korea. Implementing strict safety measures is crucial to prevent tragic incidents.
The recent tragic death of a worker at Hanwha Ocean shipyard in South Korea has raised concerns about safety practices in the shipbuilding industry. The Ministry of Employment and Labor has issued a stop work order following the accident where a subcontractor fell from a container ship’s lashing bridge.
South Korea’s Hanwha Ocean partners with New York’s Amogy to advance zero-emission ammonia-to-power technology for ships, acquiring Amogy’s cutting-edge system. The collaboration, involving Hanwha Aerospace, aims to revolutionize maritime decarbonization with scalable ammonia-powered solutions. Exec VP Hyoung Seog Kim believes this partnership propels a sustainable, carbon-neutral future.
A new round of US sanctions targets owners of LNG tankers at a South Korean shipyard intended for Novatek’s Arctic LNG project. Sanctions complicate shipping operations further. Elixon Shipping, Azoria Shipping, and Glorina Shipping, based in Cyprus, face sanctions. Novatek faces challenges securing transportation capacity for its Arctic LNG 2 plant.
