Offshore

HD KSOE begins demonstration of eco-friendly ammonia fuel technology

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), has officially begun the demonstration of its eco-friendly technology "Hi-CLEARS" (Hyundai integrated Clean Liquid basEd Ammonia Release mitigation system with SCR), ..

News > Offshore > 2025-05-16 18:07:07

Korea's FLNG builders stand to gain as U.S. LNG policy shifts

With President Donald Trump signaling renewed efforts to expand American LNG exports, industry watchers are turning their attention to a lesser-known but increasingly critical sector: floating liquefied natural gas facilities (FLNGs). T..

News > Offshore > 2025-05-16 15:50:52

LNG Carrier Conversion Market Gains Momentum

Major Player Golar LNG Expands FLNG Fleet Through Conversions China and Singapore Shipyards Lead Market with Low Entry Barriers The business of converting aging LNG carriers into floating liquefied natural gas production units (FL..

News > Offshore > 2025-05-16 08:42:16

Global offshore orders plunge

The offshore oil and gas sector saw a significant slowdown in new vessel orders during the first quarter of 2025, with global offshore marine equipment orders dropping sharply to 51 units, valued at $4.1 billion — a 43 percent dec..

News > Offshore > 2025-05-15 19:26:26

Hanwha Ocean focuses on FPSO orders

Hanwha Ocean is seeking opportunities in the overseas battles to win floating production and storage facilities (FPSOs). The South Korean shipbuilding giant has recently noted through its IR material that investment in FPSO facilitie..

News > Offshore > 2025-05-15 14:20:07

MOL joins Taiwan offshore wind project

Mitsui O.S.K. Lines, Ltd. announced on May 9 that it has agreed to acquire a 10% stake in CI Fengmiao Ltd from Copenhagen Infrastructure Partners P/S (CIP; Partner and Head of Asia-Pacific: Thomas Wibe Poulsen; Headquarters: Copenhagen)..

News > Offshore > 2025-05-13 17:16:19

ESVAGT sets up JV with KMC Line

Europe's leading offshore wind vessel operator, ESVAGT, is well on its way to establishing itself on another continent. Through a joint venture partnership with the Korean shipping company, KMC Line, ESVAGT will deploy its expert..

News > Offshore > 2025-05-13 10:13:36

Samsung Sets the Standard in FLNG

From digital twins to ammonia power packs, SHI consolidates its lead as a first mover in offshore plants In 2021, the President of Mozambique visited Korea. It wasn’t a state visit in the traditional sense—it was to witne..

News > Offshore > 2025-05-11 11:15:39

Will the Big Three Shipyards in Korea Seize Opportunities in the U.S. Icebreaker Market?

Securing Competitiveness in LNG Transport Icebreakers Amid Concerns Over Labor and Cost Efficiency As the U.S. faces challenges in building icebreakers for Arctic routes and polar maritime dominance, South Korea’s shipbuilders ..

News > Offshore > 2025-05-11 11:13:18

Petrobras' FPSO tender postponed

Petrobras has pushed back the bid deadline in the tender to contract a new floating production, storage and offloading unit (FPSO). The Brazilian oil giant plans to secure 'P-86' FPSO for the 'Marlim Sul-Marlim Leste'..

News > Offshore > 2025-05-08 15:23:47