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SNAK NEWSLETTER August, 2019
[Group Members & Company News]

▶ Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME)
⦁ Opened an R&D Center at the Siheung Campus, Seoul National University, to develop ship
   echnologies
and respond to strengthened environmental regulations

⦁ Received order for one LNG carrier worth KRW 200 billion from the Angelicoussis Shipping Group
⦁ Received order for two additional crude oil tankers from the Oman Shipping Company
⦁ Improved service for ship owners by building an AI-based vessel sales support design system
⦁ Won several patent disputes with Japan involving the partial re-liquefaction system
⦁ Agreement to establish the Industry-University Cooperation Center for Shipbuilding and 
  Marine Technologies under Extreme Conditions to develop technologies for cryogenic extreely  
  low temperatures and strengthen maritime defense (DSME – Inha University)

⦁ Received order for one LNG carrier from Maran Gas Maritime

 

▶ Hyundai Heavy Industries Co., Ltd. (HHI)
Opened Korea’s largest integrated safety education center, operating 57 health and safety-related
   courses on accident cases, supervisory leadership, risk assessment training, etc.

Exported the ballast water management system approved by the US Coast Guard for the first
   time to a Japanese shipyard

Received orders for three crude oil supertankers worth KRW 320 billion from European shipping
   companies

Reduced the cost of production by KRW 950 million in the construction of LNG FSRU through the
   application of HHI’s proprietary LNG regasification system
Developed a new type of LPG vessel that could pass through the pre-expanded Panama Canal
   through collaboration with KSS Line

Successfully launched the latest, 23,000-ton logistics support ship for the New Zealand Navy
Publicized the world’s top eco-friendly LNG propulsion ship technology through an information 
   session where Korean shipping companies were invited

Launched LPG vessel for the Swiss company Vitol, equipped with HHI’s Integrated Smartship
   Solution, for the first time

Acquired DNV-GL’s Approval in Principle (AiP) for HHI’s fuel cell-based electric motor propulsion
   ship

 

▶ Samsung Heavy Industries Co., Ltd. (SHI)
Received order for two LNG vessels from Celsius Tankers, SHI’s first contract of the new year
Applied eco-friendly smart ship technologies such as SAVER Air and INTELLIMAN Ship to actual
   vessels

Raised the contract goal to USD 7.8 billion in line with the expectation that the market for LNG
   and container ships will recover

Acquired DNV-GL classification certification for an eco-friendly smart ship solution meeting
   carbon dioxide emission regulations

Successfully launched an eco-friendly LNG propulsion ship
Successfully refueled at sea the first eco-friendly LNG propulsion ship
Successfully tested the smart ship technology S-Fugas, an LNG fuel supply system, for which
   additional orders are expected

SHI’s LNG vessel lineup now includes LNG and FLNG carriers, LNG bunkering carriers, and LNG
   propulsion ships


▶ Hyundai Mipo Dockyard Co., Ltd. (HMD)

Received orders for six 25,000-ton petrochemical carriers (PC) (USD 190 million)
Received orders for six 50,000-ton PCs from European shipping companies (USD 250 million)
Received steady orders in the petrochemical and midsized container ship markets.
Signed contract for the construction of six MR tankers with the Japanese shipping company Meiji
Received an order for two 50,000-ton PCs from the Greek shipping company Sun Enterprises
  (including an option for three more ships in the future)


▶ Hyundai Samho Heavy Industries Co., Ltd. (HSHI)

Received orders for two 174K-class LNG carriers from Asian shipping companies
Received orders worth a total of USD 12.4 billion in 2018, expected to exceed annual goal
Received order for a 174,000㎥ LNG carrier from the Japanese shipping company NYK, expected
   to deliver in 2022


▶ Korean Register (KR)

Published pamphlet on installing and operating SOx exhaust gas cleaning system (EGCS)
Obtained default approval for the design of Korea’s first LNG bunkering barge system
Acquired ISO 27001 certification for Korean Register’s SCF Storage Center
Raised awareness of the cyber-security issue with the marine industry (seminar at the Sea Asia
   exhibition)

Spearheaded the R&D for hydrogen-powered vessels (in line with the government policy on
   vitalizing the hydrogen economy)

Appointed as a vessel inspection agency for the government of Gabon
Provided vessel inspection and certification service for Gabonese vessels


▶ Korea Marine Equipment Research Institute (KOMERI)

Obtained the IECEx Test Laboratory certification from the International Electrotechnical
   Commission (IEC)

Held the 2019 Korea Marine Day to target Singapore’s ship equipment market, showcasing the
   installation and operation of SOx exhaust gas cleaning system (EGCS)


▶ Daehan Shipbuilding Co., Ltd.

Completed the development of eco-friendly LNG propulsion ship technology and obtained DNV-
   GL’s Approval in Principle (AiP).

Received an order from Minerva for two 115,000-ton crude oil tankers, and another from Enesel
   for two 157,500-ton crude oil tankers.

Became number one in the world’s midsized oil tanker market with the Aframax and Suezmax
   tankers being ranked first in the world in terms of their cumulative market share.


▶ Dae Sun Shipbuilding & Engineering Co., Ltd.

Appointed Soo-Geun Lee as CEO, and strengthened cooperation with Korean shipping
   companies by establishing a TF directly under the president and developing LNG propulsion ships


▶ Dongsung FineTec Co., Ltd.

Signed a contract with Hyundai Samho Heavy Industries to supply ultra-low-temperature cold
   insulation materials for shipbuilding equipment worth KRW 73 billion


▶ Sungdong Shipbuilding & Marine Engineering Co., Ltd. and Gas Entec

Exchanged MOU for a joint LNG project


▶ Korea Gas Corporation (KOGAS)

Increased sales of natural gas by 12.6% from the previous year, amounting to 36.2 million tons in
   2018

Increased main pipelines by 64km, and added six more supply stations (i.e., main pipelines from
  4,790km to 4,854km, and the number of supply stations from 397 to 403)

Introduced eco-friendly LNG gasification plants tailored for Clean Jeju
Signed MOU with the Abu Dhabi National Oil Company in UAE
Established a permanent exhibition hall at the LNG 2019 conference in Shanghai, China, to
   secure the future growth of the gas industry and to strengthen the global network

Achieved the feat of being selected as the best agency for disaster management in the energy
  field, receiving Presidential Commendation in the Ministry of the Interior and Safety’s “Disaster 
  Management Assessment for Public Agencies in the Energy Field”

Pioneered the vitalization of the hydrogen economy by building a hydrogen production and
  distribution network, and established a roadmap for implementing hydrogen projects with a plan
  to invest KRW 4.7 trillion and create 50,000 jobs by 2030

Provided exclusive support for SMEs entering the American market, and operated the Cogrowth
  Pavilion at the 2019 Offshore Technology Conference (OTC) in Houston, USA


▶ Korea Marine Equipment Association (KOMEA)

Held the 2019 Korea Marine Day to target Singapore’s ship equipment market, showcasing the
   installation and operation of SOx exhaust gas cleaning system (EGCS)


▶ Research Institute of Medium & Small Shipbuilding (RIMS)

Successfully developed and commercialized five new high-speed boat models for marine leisure 
   through a support project for developing advanced high-speed boat production technologies

Held launching ceremony for next-generation inshore fishing boats with safety welfare design


▶ PANASIA

Received US Coast Guard (USCG) Type Approval for GloEn-Patrol™, a ballast water treatment 
   system (BWMS)

Received the IR52 Jang Young-Shil Award for the company’s SOx scrubber system for ships