Daewoo Shipbuilding & Marine Engineering Co. (DSME) plans to set up a global research and development alliance to develop state-of-the-art shipbuilding technologies to sharpen its competitive edge in the construction of eco-friendly ships and smart ships.
DSME will establish the R&D alliance with five ship quality assurance and risk management companies, four universities, and five research institutes.
The R&D consultative group will jointly develop technologies in the shipping industry's environmental regulations, including those of autonomous ships, and core technologies in fluid mechanics.
The four universities are South Korea's Seoul National University, the Massachusetts Institute of Technology and the University of Michigan of the US, and the University of Strathclyde of the UK.
The five-ship quality assurance and risk management companies are South Korea's Korean Register of Shipping, American Bureau of Shipping, Lloyd's Register of Shipping of Britain, Bureau Veritas of France, and Norway's Det Norske Veritas.
The five research institutes in DSME's list are South Korea's KRISO, Italy's CNR, Norway's SINTEF Ocean, Sweden's SSPA, and Germany's HSVA.


Washington Post Publisher Will Lewis Steps Down After Layoffs
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 



