GE’s Power Conversion business (NYSE: GE) has announced that it is working with Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) in South Korea to provide an electrical power and propulsion system for a Norwegian Defence Logistics Organization (NDLO) logistics and support vessel (LSV). GE’s equipment will be installed as a key part of the ship’s hybrid propulsion system, improving fuel efficiency and operating flexibility. In October 2012, GE’s Power Conversion business announced a similar project for the U.K.