Equipment

K-Engine Trio Posts 72% Surge in Q1 Operating Profit… Exports Soar 3.4x in Five Years

Shipbuilding boom fuels engine sector growth… Hanwha Engine alone racks up over KRW 1 trillion in orders South Korea’s top three marine engine manufacturers have ridden the wave of booming newbuilding orders to deliver s..

News > Equipment > 2025-05-18 18:13:40

Hankuk Carbon sees earning surprise

Hankuk Carbon, South Korea's company that specialized in manufacturing composite materials and parts, posted revenue of KRW 224.6bn (about $161m) and operating profit of KRW 31.1bn for the first quarter of 2025, up by 22.9% and 1,09..

News > Equipment > 2025-05-16 16:31:20

Hanwha Engine raises production capacity

Hanwha Engine recently announced in its business report that its production capacity for the first quarter of 2025 was 867,000 horsepower (HP), and its production performance was 879,000 HP. The operating rate was 101.4%, up 7.3%p from ..

News > Equipment > 2025-05-16 14:45:31

Damen & Alfa Laval strengthen collaboration to boost maritime energy efficiency

Damen Shiprepair and Alfa Laval Benelux have entered into a memorandum of understanding (MoU) to deepen their partnership, aiming to enhance energy efficiency within the maritime sector. This strategic collaboration brings together two ..

News > Equipment > 2025-05-14 18:30:30

EPS partners with HD KSOE on LNG fuel supply system

Singapore-based shipping company Eastern Pacific Shipping (EPS) has announced a strategic collaboration with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to equip four LNG-powered Aframax tankers with advanced fuel supply ..

News > Equipment > 2025-05-14 14:38:38

HD Hyundai Marine Engine in new order rally

HD Hyundai Marine Engine announced on May 9 that the South Korean ship engine provider entered into a contract with its compatriot shipbuilding giant Hanwha Ocean to supply ship engines. Under the deal, HD Hyundai Marine Engine is sc..

News > Equipment > 2025-05-09 15:17:04

China’s SMDERI supplies electric propulsion system to Europe

Shanghai Marine Diesel Engine Research Institute (SMDERI), a subsidiary of China State Shipbuilding Corporation (CSSC), has secured a contract to supply an electric propulsion system for a 6,800 dwt chemical tanker being built in China ..

News > Equipment > 2025-05-08 17:40:40

HD Hyundai to develop humanoid for shipyard

HD Hyundai joins hands with artificial intelligence (AI) and robot tech experts with the goal of developing welding humanoid. HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Robotics have recently entered in..

News > Equipment > 2025-05-08 11:31:18

Shipyards agree to raise thick plate price

The Korean shipbuilding industry, which had relied on low-priced thick plates to cut costs, have taken a step back from negotiation with steel industry. According to industrial source, South Korean steel manufacturer POSCO has recent..

News > Equipment > 2025-04-30 16:14:37

SHI to commercialize ship digital solution

South Korean shipbuilding giant Samsung Heavy Industries (SHI) entered into a memorandum of understanding (MOU) with its compatriot operator H-LINE Shipping on working together in digital solutions for ships. Under the MOU, the two K..

News > Equipment > 2025-04-29 09:49:37