Hyundai Mipo
Korean Yard Delivers First of Six New Ships for Bahri
The National Shipping Company of Saudi Arabia (Bahri) receives the 'Bahri Abha' from South Korea's Hyundai Mipo shipyard. The new ship, of 26,000 dwt, was built especially for the general cargo trade and is the first to be delivered of six vessels that were contracted by the Company with Hyundai Mipo shipyard in 2011 for a total value of SAR 1,543 million. The remaining five general cargo vessels ordered by Bahri are under construction at Hyundai Mipo in South Korea with delivery expected during 2013 and the first half of 2014.
HHIG to Post Record Sales
HHIG to Post Record Sales Hyundai Heavy Industries Group (HHIG), which consists of Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries expects to surpass its yearly sales target up 24 percent from a year earlier. As of the end of October, HHIG secured $28.8 billion worth of contracts from shipbuilding to plant businesses _ $16.2 billion by Hyundai Heavy Industries, $5.8 billion by Hyundai Mipo Dockyard and $6.8 billion by Hyundai Samho.
GEM, Hyundai Sign Contract for Five Tankers
Gulf Energy Maritime (GEM) awarded South Korea's Hyundai Mipo Dockyard Co. Ltd. a contract for five high specification double hulled product/chemical tankers for delivery during 2006/2007. The contract, valued at approximately $180m, is for three tankers each with a 37,000 ton capacity and two with a 47,000 ton capacity. They will be fitted with the latest deep well pumps and meet international environmental safety requirements by being completely double-hulled
KMSS To Supply IBS For Hyundai Mipo Dockyard
Kongsberg Maritime Ship Systems (KMSS) has received an order worth $1.2 million from the Hyundai Mipo Dockyard located in Ulsan, South Korea. KMSS will supply its powerful Integrated Bridge System – BridgeLine - for fitting on four 2826 TEU Container Ships owned by Suisse Atlantique and Ahrenkiel. The complete Integrated Bridge System (IBS) installed in KMSS BridgeLine Consoles provides Radar/ARPA with the latest generation antennas and receivers, Steering Control System, Track Pilot
Many 1Q Orders for South Korean Shipbuilders
South Korean shipbuilders racked up large overseas orders in the first quarter, keeping them on course to far exceed yearly targets, Korea Times reported. Hyundai Heavy Industries, the world's largest shipbuilder, clinched orders worth $2.3 billion in the January-March period, compared with its full-year target of $7.4 billion. Its two affiliates - Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries - won a combined $2.75 billion worth of orders in the first quarter
TEN Announces Delivery and Immediate Charter
Tsakos Energy Navigation Ltd. (TEN) announced the delivery of the 37,340 dwt, 1B ice-class handysize product tanker Byzantion from Hyundai Mipo Dockyard, in South Korea. Concurrent with the delivery, the vessel entered a three-year time charter with a European oil trader for a minimum rate and a 50/50 profit share should rates exceed that minimum. The company expects the vessel to generate a minimum of $21m in gross revenue over the duration of the charter. The delivery of the
Scorpio Tankers to Purchase Handymax Tankers
Scorpio Tankers Inc. (NYSE: STNG) announced that it entered into agreements to purchase four double hulled Handymax tankers for an aggregate purchase price of $99m. The ships, which are charter free, are scheduled to be delivered between May and September 2010. Three of the ships were built at the Shina Shipbuilding Co. Ltd. in South Korea (two in 2003, one in 2005). The fourth ship was built at the Hyundai Mipo Dockyard in South Korea in 2007. When the ships are delivered, Scorpio Tankers Inc
MacGregor Wins Orders
The orderbook boom in hatch covers continues and MacGREGOR – part of Cargotec Corporation – confirmed that hatch cover contracts for 79 bulk carriers had been secured in April. The hatch covers are destined for bulkers ranging from 56,000 dwt to 181,000 dwt on order in Korean shipyards for various shipowners. Among these contracts is a complete hatch cover delivery for ten 56.000 dwt bulk carriers on order at Hyundai Mipo Dockyard Co Ltd for a German owner
EXMAR Orders Up to 8 LPG Vessels
EXMAR announced the order at Hyundai Mipo of up to 8 LPG vessels of 38,000 m³ capacity. The vessels will be delivered beginning in the First Quarter of 2014 onwards. These vessels will be dedicated to strengthening EXMAR’s already substantial commercial portfolio in the midsize segment and are designed to keep it ahead of the upcoming amendments in environmental legislation. The vessels will feature hull line optimization to reduce resistance in water with corresponding
Scorpio Tankers Continue Spending Spree
Scorpio Tankers Inc. announces 16 newbuilding agreements and US$ 525-million in commitments to its 2013 Credit Facility. The company has reached agreements with five shipyards in Korea to construct 16 newbuilding vessels consisting of eight LR2, four MR, and four Handymax ice class-1A product tankers. In addition, the Company announced that syndication of the Company's previously announced $267 million Credit Facility has been heavily over-subscribed resulting in an increase of the
Korean Shipyard Delivers Container Ship ‘Hanjin Argentina’
The 3600 TEU container ship, built under the supervision of Navgathi Marine by Hyundai Sambo delivered to Pacific International Lines. Hanjin Argentina is the third of a series of four such vessels ordered by Pacific International Lines of Singapore from the S. Korea shipbuilders.
Bahri Receives New General Cargo Ship
The National Shipping Company of Saudi Arabia (Bahri) receive the 'Bahri Hofuf' from the South Korean shipyard Hyundai Mipo. The new 26,000 dwt general cargo ship is the second vessel delivered from the six vessels that were contracted by the Company with this shipyard in 2011 for a total value
Rolls-Royce to Supply Propulsion for Neptune Lines
Rolls-Royce won a contract to supply its Promas propulsion system for two new car and truck carrying ships which are being built in Korea for Neptune Lines. Promas is an integrated propeller and rudder system that increases efficiency and manoeuvrability
Cargotec Receives Large Order for MacGregor
Cargotec's MacGregor has received a large order to deliver MacGregor RoRo cargo access equipment for five new 31,600 dwt Container/RoRo (ConRo) vessels from Hyundai Mipo Dockyard in South Korea. The vessels are destined for the Grimaldi Group of Naples and the delivery of the ships is
Scorpio Tankers Ink Six Newbuilding Contracts
Scorpio Tankers exercise options with Korea's Hyundai Mipo Dockard for altogether six new tankships. The contracts are for the construction of four MR Product tankers for approximately $33.0 million each and two Handymax ice class-1A (37,000 DWT) product tankers for approximately $31
Hyde Guardian BWT for Russian Icebreaker
Calgon Carbon Corporation's wholly owned subsidiary, Hyde Marine, Inc., has announced that its Hyde Guardian Ballast Water Treatment System (BWTS) HG600 unit will be installed on the largest icebreaker in the FSUE "Rosmorport" fleet – the 22600 project
Biggest Ship Ever Built in Vietnam: 'Nissaki' Named
The 82,000 dwt Kamsarmax bulk carrier was recently named in Vietnam's Hyundai Vinashin Shipyard (HVS). Nissaki is built for St Michael Shipping of Greece, marking a significant milestone in the development of the shipbuilding capability of Vietnam
Exmar NV and Teekay LNG Partners Complete Joint-Venture
Exmar NV (NYSE Euronext: EXM) is pleased to announce that together with Teekay LNG Partners L.P. (NYSE: TGP) they have successfully closed their 50/50 LPG joint-venture. The Exmar LPG BVBA joint-venture controls 15 owned Midsize Gas Carriers (MGC)
Scorpio Orders Four New Tankships
Scorpio Tankers contracts with Korea's SPP Shipbuilding for the construction of 4 MR product tankers. The cost of each tankship is about US$32.5-million. These vessels will be delivered in the third and fourth quarters of 2014 and are a continuation of the Company's existing newbuilding program
RWO Reports a Healthy Interest in CleanBallast System
After RWO’s CleanBallast system was considered as the first choice by Canadian shipowner Seaspan, the Bremen-based marine water treatment expert is proud to announce further contracts for its ballast water treatment system for Belgian and Canadian shipowners.
Latest Global Shipbuilding Orders
There has been activity in the VLCC, Product Tanker, Container Ship, LNG Carrier, and Car Carrier newbuild markets. Orders as reported by Clarkson Hellas are summarised as follows: China Merchants Energy Shipping (CMES) are reported to have ordered three plus three 320
Scorpio Awards Six Newbuild Tankship Contracts
Scorpio Tankers Inc executes options with Korean shipyards Hyundai Mipo Dockyard & signs intent with SPP Shipbuilding Co. Two MR product tankships are to be built by Hyundai Mipo anf four with SPP Shipbuilding. The six newbuildings are scheduled to be delivered to Scorpio in the second and
Korean Shipyard Delivers CMM Tankship
Consolidated Marine Management (CMM) take delivery of 'King Gregory', first of two fuel-efficient medium-size tankers from Hyundai Mipo. The 52,000 dwt King Gregory, is the first of two medium-range (MR), IMO II & III-class oil/chemical tankers contracted by Latsis Group's Consolidated
Gas Tankship Equipment Contract for Wärtsilä Hamworthy
Wärtsilä Hamworthy contracted by Hyundai Mipo Dockyard for cargo handling equipment & engineering for four Exmar Shipping SA gas carriers. Wärtsilä Hamworthy’s scope of supply will include cargo related engineering including deck tank engineering
Korean Shipyard Launches PIL Container Ship
The first ship of four 2800TEU container ships, 'Kota Gaya', for Pacific International Lines (PIL) launched from Hyundai Mipo Dockyard, Ulsan, S.Korea. Navgathi Marine is providing the project management for the new-buildings for Pacific International Lines and Navgathi’s professional