H Y Lee News

Taiwan's homegrown submarine programme will remain on track, the defence minister said on Wednesday, after the head of the programme resigned due to what he said were unfair attacks against him and the military.Taiwan, which China views as its own territory, has made the submarine programme a key part of an ambitious project to modernise its armed forces as Beijing stages almost daily military exercises to assert sovereignty claims Taipei rejects.Taiwan unveiled the first of eight new submarines in late September, though it won't enter service until next year.

For Lee Mi-kyung, whose son was one of the 250 children who died in South Korea's Sewol ferry disaster 10 years ago, coping with the grief and anger has been incredibly hard. She works through her pain on stage."I will no longer hide in darkness, nor be defeated by sorrow, nor cry in despair," Lee, 58, declares in a play in which seven mothers of children who died in the tragedy portray their journey of mourning.The play is one of five that Lee and other mothers have performed over the past eight years…

DNV has awarded HD Hyundai Mipo Dockyard an approval in principle (AIP) for the design of ammonia dual fuel 45,000 m3 liquefied petroleum gas (LPG) carriers.The presentation took place at the HD Hyundai Global R&D Center (GRC) in Seongnam, Korea. HD Hyundai Mipo (HMD), who have developed the basic ship design, provided detailed engine specifications and operational data from global engine maker, WinGD, and reviewed the safety and suitability of the design with DNV. The designs are based around a new 10…

KR has released two digital platforms, KR-DAON (Digital Application Online Network) and Nexawave, alongside the launch of its enhanced fleet management system, KR e-Fleet V3.The KR e-Fleet V3, an upgraded version of the existing fleet management system, focuses on enhancing operational efficiency through increased speed and simplification. It features an integrated vessel status display with survey and audit information, a new Thickness Measurement (TM) menu for tracking hull corrosion, and PSC Guidance with VR technology (KR-Real360) to assist in customer responses.

DNV has presented HD Hyundai with a general approval for ship application (GASA) for a new high-strength composite hybrid support system for independent tanks on liquefied gas carriers.In a world-first, HD Hyundai’s concept is fabricated with a fusion of carbon fiber-reinforced plastics (CFRP) with a tensile strength 10 times greater than steel, significantly enhancing structural stability.The new system offers robust structural supports, enabling independent tanks to withstand upward force from floatation in case of hold space flooded.

Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.Austal's shares rose 8.2% in early trade, while the Australian S&P/ASX200 index was flat.The…

The Mongla Port Authority in Bangladesh has taken delivery of its new tug, M.T. Joymoni.The newbuild is a RAmparts 3200-CL designed by Canada's Robert Allan Ltd. and built by Cheoy Lee Shipyards, in China.The RAmparts 3200-CL was designed by Robert Allan Ltd. in 2008 exclusively for Cheoy Lee Shipyards, with the first tug, Ocean Pioneer, delivered to Ocean Sparkle in India in 2011. Based on the RAmparts series, the hull form was developed to provide a high performance, multi-function tug in a shallow draft configuration, with bollard pull of up to 85 tonnes, the designer said.M.T.

Siemens is bringing immersive visualization powered by new NVIDIA Omniverse Cloud APIs to the Siemens Xcelerator platform, driving increased use of AI-driven digital twin technology and creating an industrial metaverse.“We will revolutionize how products and experiences are designed, manufactured and serviced. On the path to the industrial metaverse, this next generation of industrial software enables customers to experience products as they would in the real world: in context…

Taiwan dispatched coast guard boats on Thursday to join a rescue mission at China's request after a fishing vessel capsized near the Taiwan-controlled Kinmen islands, amid heightened tension in the sensitive Taiwan Strait.China claims democratically-governed Taiwan as its own territory, over the island's strong objections, and has stepped up military activities near it in recent years, with almost daily incursions into air defence identification zones.Authorities on both sides sent the rescue boats after a Chinese fishing vessel capsized in the early hours, Taiwan's coast guard said in a state

Technology group Wärtsilä has signed a Lifecycle Agreement with UK-based P&O Ferries for two of its vessels – the M/V Pioneer and the M/V Liberté.The scope of the five-year agreement the Lifecycle Agreement with P&O Ferries includes parts and maintenance services, as well as maintenance planning, operational support and Wärtsilä’s Expert Insight predictive maintenance service.The predictive service enables issues to be identified before they cause a delay in the schedule. Delays…

U.S. President Joe Biden's plan to build a floating U.S. military port to speed up aid to Gaza could take up to 60 days to become a reality and involve more than 1,000 American troops, the Pentagon said on Friday.The Pentagon offered the timeline a day after Biden announced the initiative in his State of the Union speech, as he seeks to cool anger in his Democratic Party over his staunch support for Israel's offensive in Gaza since Oct. 7.The United Nations has warned that widespread famine in the Gaza Strip is "almost inevitable" without urgent action.

Five people were killed after a barge collided with a bridge over a waterway in China's Pearl River Delta near Guangzhou city, causing part of the bridge to break off, plunging vehicles into the water, Chinese state media reported on Thursday.The barge was travelling from Foshan city to a southern district of Guangzhou when it crashed into the bridge at 5:30 a.m. (2130 GMT) on the Hongqili Waterway, the Guangzhou Maritime Safety Administration said in a statement.Images on state…

Chinese coast guard personnel briefly boarded a Taiwanese tourist boat near Taiwan-controlled islands next to China's coast on Monday, the government in Taipei said, in an escalation of tensions after China said it would carry out regular patrols.China announced on Sunday that its coast guard would strengthen law enforcement activity around the Kinmen islands following the death of two Chinese nationals fleeing Taiwan's coast guard having entered into prohibited waters too close to Kinmen, which lies opposite the Chinese cities of Xiamen and Quanzhou.Taiwan's coast guard said in a statement th

The boarding of a Taiwanese tourist boat by China's coast guard near sensitive frontline islands triggered "panic" among Taiwan's people, a government minister said on Tuesday, but Taiwan's military added it was not planning to get involved.Taiwan, which China claims as its own territory despite the island's rejection, has been wary of efforts by Beijing to ramp up pressure on Taipei following the election last month of Lai Ching-te as president, a man Beijing views as a dangerous…

Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a hybrid power service operation vessel (SOV) for the Taiwanese company Cyan Renewables.The news comes after Siemens Gamesa awarded a 15-year charter contract to Cyan Renewables for the SOV that will enter service at Hai Long 2, part of the Hai Long Offshore Wind Project, consisting of Hai Long 2 and 3 offshore wind farms in Taiwan.Siemens Gamesa Selects Contractor for…

A volunteer fire department in western Indiana has increased its capabilities to respond to incidents on lakes and waterways after getting an unexpected grant.The Bellmore Volunteer Fire Department purchased its first boat through funding from Marathon Pipe Line (MPL), a subsidiary of Marathon Petroleum’s midstream segment, MPLX.The department’s chief said he had considered budget cuts to make the purchase possible before MPL surprised him with a check for all the necessary funding.Bellmore…

Wärtsilä announced it has signed a five-year Optimized Maintenance Agreement with the Irish Naval Service. The agreement, which covers four offshore patrol vessels (OPV), is designed to ensure operational reliability along with long-term cost predictability.“We have had good experience with Wärtsilä over the years, and we have great trust in their capabilities. This agreement will help us to achieve the level of efficiency and reliability that we aim for, which in turn will improve the environmental performance of these ships…

The American Salvage Association (ASA) announced that Mike Dean has been appointed Executive Director. In this role, Dean is responsible for providing strategic leadership and direction to the organization and ensuring that ASA’s mission and objectives are achieved. He oversees day-to-day operations, financial management, government affairs, working committees and ASA staff. Dean reports to ASA’s president, Joseph Farrell, III and works closely with ASA’s Executive Committee.Dean is an industry veteran…

North Korean leader Kim Jong Un inspected a shipyard and underscored the importance of a strong naval force in "war preparations", state media KCNA said on Friday.Kim's visit is being made public after North Korea tested its new submarine-launched cruise missiles (SLCM) on Sunday, firing an upgraded missile for the second time in a week and accelerating its navy's nuclear armament, according to state media."Strengthening naval force is the most important issue in pushing ahead with war preparations", KCNA cited Kim as saying during his visit to Nampho dockyard, a military shipbuilding base als

Cyan Renewables, a portfolio company of Seraya Partners, has acquired a majority stake in Sentinel Marine to strengthen its position in the UK offshore wind market and boost its local content.Singapore-based Cyan Renewables, Asia’s first dedicated offshore wind vessel operator, has reached an agreement to acquire a 75% stake in Sentinel Marine, a maritime environmental response vessel operator in the UK that currently owns the youngest fleet of Emergency Response and Rescue Vessels (ERRVs) in the UK.Sentinel Marine boasts a fleet of 13 modern…

Applied Satellite Technology Ltd (AST) has officially been awarded the Intellian OneWeb Certification, authorizing the company to carry out installations of Intellian parabolic antennas.The certification, issued by Intellian, a provider of satellite communication and antenna systems, makes AST authorized to install and maintain Intellian's parabolic antennas. In addition, AST will offer certified training for Intellian OneWeb solutions, covering all modules including installation…

Korea Marine Transport Company Ship Management (KMTC SM) has reported annual fuel savings worth approximately $540,000 in total, after installing Accelleron’s digital engine optimization solution Tekomar XPERT on 12 Panamax vessels.Tekomar XPERT delivers engine optimization recommendations based on thermodynamic insights that aim to bring engines back to operating performance achieved at ‘new’ condition.The solution can be applied to any engine and turbocharger make. KMTC SM followed the advisory from Tekomar XPERT…

The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this week.With the arbitrage for U.S. shipments closed, Asian refiners may make up some of the difference with similar Middle Eastern crude oil after top regional producer Saudi Arabia cut their sales prices for February, which is expected to carry over to other regional crudes. The spur…