South Korea News

David Ince, Event Director, Oi

Interview: David Ince, Event Director, Oi

visited another Oi event before, a very important distinction to continue to develop in order to deliver value to the companies investing in each event. Oi China in Shanghai is predominantly Chinese although the team are also building audiences from key SE Asian markets including Japan, Malaysia and South Korea. Oi in London is the key global meeting spot, connecting businesses, government and academic institutions together.Bring on the next 50 years!!Oceanology International seamlessly blends traditional exhibition, social networking opportunities, conferences and its signature dockside demonstrations

Photo courtesy of JFD

JFD Submarine Rescue System Triumphs

off the coast of Western Australia.In a range of weather conditions, JFD’s fully-integrated submarine rescue system demonstrated its robustness and reliability in the triennial Pacific Reach, a multi-lateral series of exercises, hosted in 2019 by Australia with the participating nations of South Korea, Japan, Malaysia and the United States and many other observing countries from the Indo-Pacific region.Designed to simulate a real-life submarine rescue emergency using Collins-class submarine HMAS SHEEAN and South Korean submarine, ROKS Lee Sun-sin, Pacific Reach tested all aspects of JFD&rsquo

SGS Acquires UWC and GDS

Subsea Global Solutions (SGS), a commercial diving company, has announced that it has acquired Underwater Contractors Pte. Ltd. (UWC), a prominent commercial diving firm based in Singapore, and Gray Diving Services Pty. Ltd. (GDS), a commercial diving firm based in Sydney, Australia, through separate transactions. With these two tandem acquisitions, SGS expands its global footprint in the Asia-Pacific region beyond Busan, South Korea, where it had a local office for the last 7 years and increases the number of its home ports worldwide to 13.

(Image: Aker Solutions)

Aker Solutions Eyes Low Carbon Tech

company will focus on floating wind power, having taken a 23% stake in U.S.-based Principle Power, which is currently installing its proven floating wind technology for the WindFloat Atlantic project off the coast of Portugal. Aker Solutions is involved in offshore wind farm developments in the US and South Korea.It also provides technology to capture carbon emissions from offshore and onshore industry. It delivered the Sleipner storage solution in 1996 and is involved in the Northern Lights CO2 storage project in the North Sea."Growth in segments such as renewables and CCUS increases the addressable

(Photo: Fugro)

Fugro Enters the South Korean Offshore Wind

Fugro said on Tuesday it has signed a Memorandum of Understanding (MOU) with Underwater Survey Technology 21 (UST21) in a move that opens up the South Korean offshore wind farm market.The agreement with UST21 will facilitate collaboration on marine projects in South Korean waters, whereby Fugro will expand UST21’s local hydrography capacity to provide site characterization services, including geotechnical, geophysical and offshore metocean solutions. In return, UST21’s local hydrographic expertise will provide logistical and operational support to Fugro’s offshore metocean projects.

(Image: Aker Solutions)

Partners Plan Floating Wind Farm in South Korea

Partners WindPower Korea, EDP Renewables and Aker Solutions will develop a 500 megawatt (MW) floating wind farm off the coast of Ulsan Metropolitan City in South Korea.The consortium was formed as EDP Renewables and Aker Solutions have invested in the development company Korea Floating Wind Power (KFWind), joining founding shareholder WindPower Korea. Principle Power, which had a role in originating the KFWind project portfolio, will supply its WindFloat foundation technology for the project.South Korea has become a hotbed for renewable energy projects, and offshore wind in particular. The South

Image: HMM

HMM, DSME Join Forces for Smart-ship Tech

South Korea’s container shipping giant Hyundai Merchant Marine (HMM) and compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) have joined forces on the research, development and innovation in the field of smart ship technologies.Under a Memorandum of Understanding, the parties would conduct research on real-time service system based on IoT (Internet of Things), design on-shore platforms for optimized fleet operation, develop automated warehousing systems for ship materials and development economic navigation solutions.HMM plans to promote the innovation of smart ship technologi

Image: Teekay LNG Partners

LNGC Containment Market to Reach $16Bln By 2025

due to the growing LNG demand from emerging economies of the Asia Pacific and Latin America.The Asia Pacific region held the largest share of the LNG carrier containment market globally in 2018, due to rapid industrialization rising demand for large LNG volumes from industrialized economies of China, South Korea, and Japan, which are also the key markets for LNG at the global landscape.North America held the second-largest share of the LNG carrier containment market globally in 2018, due to the new discoveries of natural gas reservoirs in the region. The U.S. is conventionally the key LNG supplier at

Image: Orsted

Ørsted Sees Huge Offshore Wind Potential in S Korea

Ørsted A/S, the world’s largest offshore wind power producer, said it sees high potential in the Korean offshore wind power market, intending to build long-term, sustainable relationships with the Korean government and companies.“South Korea is a peninsula surrounded by three seas,” said Park Jung-min, head of the Korean market development at Ørsted Asia Pacific. “We estimate that South Korea’s potential offshore wind power capacity can reach 30 GW.”According to Yonhap News Agency, the Danish state-run energy firm has recently completed the establishment

Image: ZTT

Offshore Wind Cable Market to Reach $3B

energy generation, and offshore wind is an essential component of renewable power generation.Technological progress and the use of clean energy would further boost the deployment of wind power and open up new options for emerging Asia-Pacific markets, especially in countries like China, Japan and South Korea, seeking alternative energy sources to diversify their energy mix to reduce CO2 emissions. Strict public rules on energy efficiency are the other main drivers.The key players operating in the market include ZTT, Nexans, Prysmian, Furukawa, ABB, NKT, Sumitomo, LS Cable & Systems, Ningbo, and

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