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SNAK NEWSLETTER June, 2021
[Group Members & Company News]

▶  Daewoo Shipbuilding & Marine Engineering (DSME)
- DSME announced that it won a contract for one offshore wind turbine installation ship worth KRW 370 billion from Eneti, a Monaco-based company specializing in offshore wind farm construction and services. The size of this ship is 148 m in length and 56 m in width, and it can operate with 5 large offshore wind turbines at 14–15 MW at a time. It can install a turbine at a depth of 65 m.
 

 - DSME provides smart, big data ship analysis services to shipowners. It collects and monitors operation data from ships in sea areas worldwide and provides specialized services to individual shipowners by integrating and analyzing external data, such as weather and port information, fuel prices, freight rates, economic indices, and others.

- KIMM, DSME, Pohang Iron and Steel Co., Ltd. (POSCO), and Korea Gas Safety Corporation (KGS) will cooperate in the:
△ Development and standards certification of high manganese steel and welding materials
△ Performance evaluation of steel and welding materials
△ Safety review of high manganese steel storage tank
△ Liquid hydrogen demonstration test, etc.
They will also promote cooperation in the exchange of research workforce and the joint utilization of facilities, equipment, academic, and technical information.

- DSME is attempting to transform itself into a smart shipyard by applying state-of-the-art digital technologies such as the IoT to ship production. As part of the efforts, it held an opening ceremony for its digital production center.

▶  Samsung Heavy Industries (SHI)
- SHI announced that it was finally selected as the contractor of the “Multipurpose Marine Demonstration Platform Performance Enhancement System Construction” to be implemented by the Korea Marine Equipment Research Institute (KOMERI). SHI will install its smart ship platform called “SVESSEL,” which contains a failure diagnosis machine technology on the 20,000 ton class demonstration ship built under the initiative of the government. It will also conduct research related to the performance verification and advancement of eco-friendly equipment of the domestic makers of shipbuilding machines and materials by 2023.

- SHI revealed that it received the 2021 “Chief Information Officer (CIO) 100 Awards” from the International Data Group (IDG), a global IT media and research organization. The CIO 100 Awards is given to selected 100 global companies with outstanding creative innovation performance based on IT technology.

- As per the global offshore wind power generation market’s growth, SHI developed its wind turbine installation vessel (WTIV) model, which eco-friendly technologies are concentrated in, entered the full-fledged market. The model simultaneously obtained the AIP for the concept design of “Low-Carbon Emission WTIV (Model name: SLW-FUEL CELL)” from the American Bureau of Shipping (ABS), DNV, and Lloyd’s Register Group Limited (LR), the world’s three major classification societies, for the first time in the industry.

- SHI obtained the highest grade of “A” in the risk management evaluation (JH143 Survey) conducted by the Joint Hull Committee (JHC) established by British marine insurance companies.

- The completion ceremony for the world’s only shipbuilding and offshore LNG demonstration facility was held. This facility is expected to perform the world’s only shipbuilding and offshore-integrated LNG research and development function that develops core technologies necessary for individual elements of the “LNG Value Chain,” ranging from the production of natural gas (NG) to its transportation, storage, and supply.


▶  Hyundai Heavy Industries (HHI)
- HHI will establish an Environmental, Social, and Corporate Governance (ESG) decision-making system at a group level and set up an ESG committee in nine affiliate companies.

- It announced that it signed a memorandum of understanding (MOU) with local governments and industrial, academic, and research institutes for the establishment of a floating offshore-wind-power-linked 100 MW–class green hydrogen production demonstration facility.

▶  Hyundai Mipo Dockyard
- Hyundai Mipo Dockyard has signed an MOU with KSOE, ABS, and Marshall Islands Registry to develop a liquefied carbon dioxide carrier.

- It announced that it launched “Beyond Trust,” a 27,000 ton class RO-PAX or a combined passenger/cargo ship. The ship, which was ordered from Hydex Storage at the end of 2019, has a specification of 170 m in length, 26 m in width, and 28 m in height.

▶ Korean Register of Shipping
Launched a web-based “Energy Efficiency Existing Ship Index and Carbon Intensity Indicator (EEXI/CII) calculation program”
- Full-fledged technical service to support shipping companies to respond to decarbonization

- Shipping companies can now pre-assess whether existing ships satisfy EEXI/CII regulations

▶ Daehan Shipbuilding
- Daehan Shipbuilding (DHSC) held a certification ceremony for obtaining the AIP for the “smart ship platform with DNV cybersecurity plus grade design applied.”

- DHSC is considering building an offshore wind power cluster for the first time as part of the business diversification among domestic, medium-sized shipbuilders.

▶ Dae Sun Shipbuilding & Engineering
- Daesun Shipbuilding & Engineering (DSSE) held a “New DSSE Launch Ceremony” to declare its independent management, according to an official release from the editors’ committee management regime that was active for 10 years.

- DSSE has won an order for eight chemical carriers (including options) from ACE Tanker, a European company specializing in the transportation of special chemicals. The contract is expected to exceed USD 400 million (KRW 445 billion).

 Korea Gas Corporation
- Mr. Hee Bong Chae, the CEO of KOGAS announced that KOGAS has decided to entrust regular docking repairs of its LNG ships to domestic shipyards. He also revealed that 12 LNG ships of KOGAS will be repaired this year, and the shipbuilding industry was expected to be revitalized by job creation and the prevention of foreign currency outflow.

- KOGAS will enter into full-scale production and supply of liquid hydrogen using LNG cold-heat for the first time. It announced that it signed a working agreement with GS Caltex for the liquid hydrogen production and supply business. It aims to lead in the economic hydrogen supply business by utilizing LNG’s cold-heat energy and enable hydrogen charging at gas stations starting with the metropolitan area by 2024.

▶ Korea Marine Equipment Research Institute (KOMERI)
- KOMERI has completed a water tank test building to revitalize the business of removing marine organisms attached to the hull.

▶ Korea Research Institute of Ships and Ocean Engineering (KRISO)

- Mr. Boo Ki Kim, the president of KRISO was appointed as a member of the Energy Innovation Subcommittee of the Presidential Committee on Carbon Neutrality 2050. He is expected to play a pivotal role in energy conversion, supply of renewable energy, and management of energy demand.

▶Research Institute of Medium & Small Shipbuilding (RIMS)
- RIMS announced that it developed a small and medium-sized ship operation and maintenance support system by forming a consortium with SMEs, including NGL, universities, and research institutes in Busan and Jeonnam area.