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Okpo shipyard of Daewoo Shipbuilding & Marine Engineering in Geoje, South Gyeongsang Province. (picture: Yonhap)
SEOUL, Aug. 30 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) stated Tuesday it has signed a enterprise tieup settlement with two native companies on the joint growth of next-generation, eco-friendly ship engines.
The memorandum of understanding, which was signed with rival Samsung Heavy Industries Co. and ship engine maker HSD Engine a day earlier, calls primarily for joint analysis on the event of environmentally-friendly engines and different tools, DSME stated.
The three corporations may also push for working joint tasks, selling personnel exchanges and search different enterprise areas of cooperation, it added.
The MOU comes amid toughening environmental rules across the globe, which give attention to decreasing carbon emissions to mitigate world warming and local weather change.
Market watchers stated there may be an pressing have to develop next-generation, eco-friendly ship engines, although giant vessels have been more and more powered by liquefied pure fuel (LNG) quite than fossil fuels.
In an effort to fulfill strengthened environmental necessities, home and international shipbuilding corporations have been ramping up efforts to develop new engines powered by various fuels reminiscent of methanol, ammonia and hydrogen.
DSME, the world’s No. 4 shipbuilder by order backlog, has been faring nicely this yr on the again of brisk demand for LNG carriers. Up to now this yr, DSME has clinched orders price $6.43 billion, almost 72 p.c of its yearly order goal of $8.9 billion.
(Yonhap)
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