Daewoo Shipbuilding & Marine Engineering Co. (DSME) said it has signed a business partnership agreement with top local steelmaker POSCO on the development of new shipbuilding materials.
The deal calls for joint efforts to develop new shipbuilding materials and welding technologies that will be applied to vessels to be built in the future, DSME said in a statement.
One of their joint projects includes the development of special steel that could withstand extremely high and low temperatures in order to carry liquefied carbon dioxide.
The two firms will also work together to develop a fuel tank for ammonia-fueled ships and conduct research on welding technologies, the shipbuilder added.
DSME and POSCO have been joining forces in developing and applying new shipbuilding materials for the past two decades.
One of the results of their cooperation is the development of a high-manganese steel fuel tank for cryogenic liquefied natural gas, according to DSME.
Despite a global economic slowdown, DSME has fared well this year, clinching US$10.14 billion worth of orders to build 37 LNG carriers, six container ships and one offshore plant, or 114 percent of its yearly target of $8.9 billion.
Tags: Carbo Dioxide, DSME, POCSO, Shipbuilding
Recent Posts
FueLNG Completes 400th LNG Ship-to-Ship Bunkering Operation in Singapore
Port of Gothenburg Hosts First Bunkering of Swedish-Produced Biomethane for Maritime Sector
UrbanLink Expands REGENT Seaglider Order, Driving Forward Zero-Emission Coastal Travel in Florida and Puerto Rico
HD Hyundai Executive Vice Chairman Holds Landmark Talks with U.S. Trade Representative on Shipbuilding Cooperation
ZeroNorth and Veracity by DNV launch end-to-end emissions reporting and verification service for the maritime industry
Hapag-Lloyd Expands ‘Hamburg Express’ Class Fleet with Delivery of Genova Express
Bureau Veritas calls for standardized safety regulations to accelerate adoption of electrification technology
ABS Publishes Safety Insights for Ammonia as a Marine Fuel