Doosan Heavy Industries News

The US-based energy solutions provider AMSC announced it has received a $9 million order for its 5.5 MW wind turbine electrical control systems from the Korean power company Doosan Heavy Industries & Construction (DHIC)AMSC signed an agreement with the South Korea’s wind turbine manufacturer in calendar year 2017 for the rights to design and exclusively supply ECS units to Doosan’s 5.5-megawatt offshore wind turbine.The initial 5.5 MW systems were ordered in January 2018, and AMSC expects to complete shipments under this follow-on order by no later than fiscal year 2020.“We believe that this order represents the beginning of Doosan’s transition into volume production with one of the world’s largest offshore wind turbines,” said Daniel P.

The global offshore wind energy market is poised to grow over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023.The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources, said a report by Market Research Future.However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market. Also, high tidal winds and bad weather conditions making it difficult…

London Offshore Consultants (LOC) has clinched its first ever windfarm project work in the Asia Pacific region. LOC in Korea has been jointly appointed by reinsurers Swiss Re and Korean Re as the marine warranty surveying service provider for the Tamra Wind Farm project. This is the first offshore wind farm project in Korea located off the coast of Jeju Island about 0.5 – 1.0km from the shore. “We are delighted to have a chance to work closely withTamra Offshore Wind Power Co., Ltd., a local developer which is owned by Korea South East Power Co., Ltd., and the respected local manufacturer of wind turbine generators, Doosan Heavy Industries & Construction Co., Ltd.,” said Jonathan Walker, Regional Director of LOC.

Seoul, South Korea – February 4 – Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced that it has signed a memorandum of understanding to collaborate on the localization of main equipment and materials for offshore plants with Doosan Heavy Industries & Construction (DHIC) and Center for Creative Economy & Innovation in Ulsan and Gyeongnam. HHI and DHIC agreed to develop six main items of equipment for offshore plants such as floating, production, storage and offloading (FPSO) units and tension leg platforms (TLP), by sharing engineering and construction technology and prowess in on- and offshore plant sectors where the two companies have been actively played.

Doosan Heavy Industries & Construction Co., Ltd., Gyeongnam, Korea, is being awarded a $9,577,300 modification under a previously awarded firm-fixed-price contract (N62470-10-C-8009) to exercise Option 1 which provides for the procurement of second ship-to-shore container cranes for Military Ocean Terminal, Sunny Point wharf. The work to be performed provides for fabrication of ship-to-shore container cranes used in container handling operations to load and off load ships and other vessels. The cranes are manufactured in different sizes and varying capabilities. The total contract amount after exercising this option will be $27,500,000. Crane manufacturing work will be performed in Changwon, Korea, and crane installation and utilization will be performed in Southport, N.C.

STX Shipbuilding Co., the world's fifth-largest shipyard, fell the most in two months in Seoul trading after six executives at a unit were indicted for stealing technology from a rival. The shipbuilder's shares dropped 7.3 percent to 53,000 won at the close. The stock has fallen about a third since Nov. 8, the day before prosecutors detained two of the six executives. The six executives took files with them when they left Doosan Heavy Industries & Construction Co. to join STX Heavy Industries Co., said the official in charge of the case at the prosecutors' office in Seoul. STX Corp., the shipbuilder's biggest shareholder, declined 7.2 percent to 88,200 won. Doosan Heavy gained 0.7 percent to 139,000 won after falling as much as 9.1 percent. Source: Bloomberg

Pusan Newport Co, Ltd. (PNC), scheduled to be the largest single terminal in Korea, has taken delivery of its first terminal equipment. The double cantilever Rail Mounted Gantry Crane marks the commencement of many more such deliveries. This arrival is the first of a total order of 81 units that are being constructed at Doosan Heavy Industries and Construction Company’s facility in Korea. The RMGC’s handle 9 rows with a stacking height of 6 containers and a lifting capacity of 65 LT. The semi-automated cranes will be equipped with GPS and trailer positioning systems along with safety features for the protection of trucks. PNC is scheduled for opening in January of 2006 with the first three container berths of 350 m each.