Dr. Choi's Shipbuilding Cafe

  ● US shipbuilding revival policy, a 'double-edged sword' for Korean shipbuilding: Coexistence of opportunities and threats Recently, as the US government has been promoting various policies aimed at revitalizing its own shipbuilding industry, a 'double-edged sword' situation is unfolding in the domestic shipbuilding industry. Expanding entry into the US MRO market As the demand for maintenance and repair of aging naval vessels is increasing in the US, domestic shipbuilding companies can gain opportunities to enter the US MRO market based on their high technological capabilities. In fact, major domestic shipbuilding companies such as HD Hyundai Heavy Industries, Hanwha Ocean, and HJ Heavy Industries have begun preparations to participate in the US naval vessel MRO business. Expectation of an increase in orders for high value-added ships The US is expanding investment in high value-added ships such as eco-friendly ships and smart ships, so domestic shipbuilding companie...

  When a ship contract is signed, a notation is inserted into the contract. This time, we will organize the contents of these notations. First, the notations defined by the classification society are as follows. They indicate that the ship or facility has met certain essential requirements for the classification and are listed in the Class regulations related to each rule set. Class notations describe the structure or characteristics of the ship and are supported by technical requirements of the rules that can be clearly complied with. Sometimes, compliance with the rule requirements can be achieved by satisfactorily following ShipRight procedures (e.g. FDA, there may be other ways to demonstrate compliance with the rules). It is important to keep in mind that not all aspects of the Class Notation requirements are based solely on an evaluation of the ship plan against the rules, and many verifications are performed on site with the presence of an inspector. This is where the term S...