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

▶ Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME)
▪ Received order for an LNG carrier worth KRW 230 billion from Maran Gas Maritime in Greece
▪ Completed patent registration for the cargo hold of very large crude-oil carriers (VLCC) without a cross-tie
▪ Delivered the VLCC Hunter Laga equipped with eco-design features such as an SOx scrubber
   to Hunter Group ASA, a Norwegian shipping company  

▶ Hyundai Heavy Industries Co., Ltd. (HHI)
▪ Exported oil tanker design technology for the first time by signing a VLCC blueprint licensing agreement 
  with Saudi Arabia’s International Maritime Industries (IMI)
▪ Held technical briefing session on mutually cooperative joint development projects between HHI
  and small and medium-sized local companies in the shipbuilding industry
▪ Developed new HiMSEN engine that boasts the world’s greatest power output
  among medium-sized engines
▪ Signed contract to make detailed design for Gwanggaeto-III Batch-II next-generation Aegis destroyers 
  and to build the lead ship
▪ Received the world’s first Cyber Secure (Advanced) class approval in principle
  from DNV-GL for its LPG carriers
▪ Constructed a dual-fuel propulsion ship that uses ethane among the eco-friendly LNG fuels

▶ Samsung Heavy Industries Co., Ltd. (SHI)
▪ Signed MOU for cooperation on developing smart ship engine technology with MAN Energy Solutions,
   a global engine company based in Germany
▪ Signed contract to design icebreaking LNG carriers for the Russian state-owned shipyard Zvezda
▪ Developed the world’s first fuel cell powered crude oil tankers

▶ Hyundai Mipo Dockyard Co., Ltd. (HMD)
▪ Received order for LPG carriers from the Greek ship management company Thenamaris
▪ Diversified its shipbuilding lineup to include small LNG ships in response to Chinese shipbuilders

Hyundai Samho Heavy Industries Co., Ltd. (HSHI)
▪ Received orders for three petrochemical carriers (PC) and two LPG carriers
  from a shipping company in Asia
▪ Received order for two crude oil carriers from a shipping company in Oceania

▶ Hanjin Heavy Industries & Construction Co., Ltd. (HHIC)
▪ Received order for a large multipurpose cleanup ship worth KRW 70 billion for the first time in Korea,
  thus reconfirming its competitive edge in the market for special purpose ships
 
▶ Korean Register (KR)
▪ Granted approval in principle (AIP), i.e., a procedure for verifying the adequacy of the ship's basic design,
   to an eco-friendly LNG propulsion tugboat
▪ Awarded the Grand Prize in the sustainable development category
  at the 2019 Social Responsibility Management Quality Convention
 
▶ STX Offshore & Shipbuilding Co., Ltd. (STX O&S)
▪ Finalized contract with a Greek shipowner by receiving refund guarantees (RG)
  for two medium-sized petrochemical carriers

▶ 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)

▶ Dae Sun Shipbuilding & Engineering Co., Ltd.
▪ Signed a contract with Hyunsung MCT to build a 160M eco-friendly coastal liner
▪ Actively targeted niche markets to overcome the downturn in the ship order market 
  by diversifying its ship lineup to include special vessels and high-value-added LPG ships

▶ Daehan Shipbuilding Co., Ltd.
▪ Received order for two 115,000 DWT Aframax tankers from
  the Greek global shipping company Sun Enterprises, thus winning contracts for eight new ships this year
Received order for two Suezmax tankers from a shipping company in Turkey

▶ Korea Gas Corporation (KOGAS)
SM JEJU LNG No. 1, an exclusive LNG carrier for Jeju, arrived at the Jeju Naval Base in September,
  and will be supplying natural gas via the base for home use as well on a gradual basis
Started supplying LNG to the Jeju Combined Cycle Power Plant, 
  contributing to the implementation of energy welfare on the Jeju Island
Strengthened cooperation on natural gas and hydrogen with Russia
  by holding the KOGAS-Gazprom Working Group Meeting for Cooperation in Science and Technology

▶ Korea Marine Equipment Association (KOMEA)
Held the 2019 Global Marine Business Plaza from September 16 to 18 in St. Petersburg, Russia

▶ Korea Marine Equipment Research Institute (KOMERI)
Signed MOU with the Korea Marine Environment Management Corporation (KOEM)
  for technological innovation in cleanup resources and eco-friendly ship operation

▶ Research Institute of Medium & Small Shipbuilding (RIMS)
Launched project to support the growth of new companies
  making water leisure craft parts and end products