{"id":79484,"date":"2024-07-03T00:00:00","date_gmt":"2024-07-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/03\/south-korea-plugs-usd-1-44-bn-into-boosting-its-shipbuilding-industry\/"},"modified":"2024-07-03T00:00:00","modified_gmt":"2024-07-03T00:00:00","slug":"south-korea-plugs-usd-1-44-bn-into-boosting-its-shipbuilding-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/03\/south-korea-plugs-usd-1-44-bn-into-boosting-its-shipbuilding-industry\/","title":{"rendered":"South Korea plugs USD 1.44 bn into boosting its shipbuilding industry"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South Korea is putting USD 1.44 bn into its shipbuilding industry over the next 10 <\/strong><strong>years<\/strong> <strong>to integrate smart and clean energy technologies<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13zuqzn-korea-invest-144-billion-for-smart-clean-energy\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing Yonhap news. The initiative is part of a plan to develop cutting-edge technologies for vessels including full autopilot and carbon-free engines. The government is also designating 10 flagship projects to develop state-of-the-art technologies, including liquefied carbon dioxide carriers and carbon capture and storage systems for vessels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE\u2019s Adnoc Logistics and Services (L&S) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b9783a30-6d7c-434d-b656-f304f371b9fb\/andoc-l&s-inks-usd-2.5-bn-lng-carrier-contract-with-samsung-heavy-industries-%2B-hanwha-oceanx\" style=\"\" rel=\"noopener\">inked contacts<\/a> worth USD 2.5 bn with South Korean shipyards Samsung Heavy Industries and Hanwha Ocean for eight to 10 LNG carriers this week. Under a QatarEnergy-Nakilat time-charter party agreement inked back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d055ff01-c152-418a-9736-96228dacd86a\/qatarenergy-%2B-nakilat-ink-charter-agreement,-dammam-port-gets-a-new-weekly-service,-egypt-eyes-agency-to-guarantee-exports-to-fragile-states\" style=\"\" rel=\"noopener\">in March<\/a>, Hyundai Heavy Industries is set to construct 17 of the vessels, while the other eight will be built by Hanwha Ocean.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Qatar Airways launches Doha-Hamburg flights: <\/strong>Qatar Airways has launched daily non-stop flights from Doha\u2019s Hamad International Airport to Hamburg Airport in Germany. This marks the airline\u2019s fifth destination in Germany alongside Berlin, Dusseldorf, Frankfurt, and Munich. (<a target=\"_blank\" href=\"https:\/\/www.qatarairways.com\/press-releases\/en-WW\/239063-world-s-best-airline-qatar-airways-welcomes-fifth-destination-in-germany-with-launch-of-hamburg-flights\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Gulf Air launches Bahrain-Munich flights: <\/strong>Bahrain\u2019s national air carrier Gulf Air has launched direct flights from Bahrain to Munich as part of the airline\u2019s plans to boost its European network. The route will be serviced four times a week by the Airbus 321neo. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gulf-air-adds-munich-to-its-european-network-f7crhtvd\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Stories on our radar this morning from around the world<\/p>\n","protected":false},"author":1,"featured_media":79485,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"cda8cdd8-e8fd-49ee-912a-9dec853e6606","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/204.jpg","photo_position":"above","homepage_title":"","full_issue_title":"South Korea plugs USD 1.44 bn into boosting its shipbuilding industry","related_issue":[79467],"teaser":"Stories on our radar this morning from around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.992ba5c4-82bc-4024-aca8-9ceee4fd946d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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