South Korean smart ship development project

A new joint venture to develop smart ship technologies has been agreed by South Korean yard Daewoo Shipbuilding & Marine Engineering and South Korea shipping company Hyundai Merchant Marine. They will cooperate in developing technologies used for smart ships, such as real-time monitoring and automation systems, Daewoo Shipbuilding said. Daewoo Shipbuilding said some of its smart ship technologies will be used for seven container ships ordered by Hyundai Merchant last year. The ships are scheduled to be delivered from the second quarter of 2020. "The joint venture will create a continuous cycle for smart ship development because the shipbuilder can apply its technologies to the shipping company's vessels and can get feedback to develop a better system," a Daewoo Shipbuilding spokesman said. Daewoo Shipbuilding has recently been increasing efforts to develop smart ship technologies. It has also signed agreements with MAN of Germany and WinGD of Switzerland to develop digitisation solutions for marine engines.