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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.


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


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


Ardmore Orders Two 37,000 DWT Chemical Tanker Newbuilds

Ardmore Shipping Corporation today announced that it has contracted Hyundai Mipo Dockyard Co. Ltd, South Korea (HMD) for the construction of two 37,000 Dwt IMO 2 eco-design chemical tankers ordered from for approximately $32.7 million each with options for further equipment upgrades. As part of the contracts, Ardmore has also negotiated fixed price options for additional vessels. Ardmore expects to take delivery of the contracted vessels in fourth quarter 2014 or in first quarter 2015


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


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


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


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


Korea Shipbuilder's 2013 Profit Falls 86%

Image courtesy of HHI

According to the Yonhap News Agency Hyundai Heavy Industries Co., the world's largest shipbuilder informed Thursday that its net profit tumbled 86 percent last year from a year ago due to a fall in ship prices. Net income came to 146.3 billion won (US$136 million) last year compared with 1


New Container Line Includes Hamburg and the Black Sea

CMA CGM Lavender

The French shipping company CMA CGM is expanding its range of liner services from Hamburg and including Black Sea ports in its schedule for the first time. Today, the CMA CGM Lavender sails on the extended FEMEX 1 Northern Europe-Mediterranean full container service from HHLA Container Terminal


Sick Crew Member Airlifted Off Crowley Tankship

M/V Pennsylvania: Image courtesy of Crowley

The Coast Guard informs it has medevaced a 54-year-old crewmember from the Crowley Maritime's US-flagged motor tanker 'Pennsylvania' approximately 20 miles southeast of Cape Hatteras, N.C. The master of the 576-foot Pennsylvania notified Coast Guard Sector North Carolina watchstanders that


DIS Orders Two Newbuild Eco-Tankers

A $73.2 million investment strengthens DIS’ fleet newbuilding strategy d’Amico International Shipping (DIS), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers Limited (Ireland) entered


Pacific Rubiales and Gazprom Sign on EXMAR FLNG Project

Photo: EXMAR

EXMAR announced two keystone events in its Caribbean FLNG project. On November 5, Pacific Rubiales Energy Corp. (PRE) and Gazprom Marketing & Trade Ltd. (GM&T) announced the execution of a heads of agreement with respect to a five year sale and purchase agreement covering approximately


Kuwait Oil Tanker Co. Aims for 30 Ship Fleet

Kuwait Oil Tanker Company (KOTC) has put into service a new VLCC and named another as part of a strategy aimed at increasing its tankship fleet to 30 by the end of 2014, reports the Kuwait News Agency. KOTC Chief Executive Officer Sheikh Talal Al-Khaled Al-Ahmed Al-Sabah inaugurated the enormous


Contract Makes First Commercial ME-LGI Engine Reality

Electronic LGI (Liquid Gas Injection), methanol-powered engine fills niche segment and delivers green emissions Vancouver-based Waterfront Shipping has confirmed its Methanol Carrier Project for a series of 50,000-dwt methanol carriers, each powered by an MAN B&W ME-LGI main engine running


Car Carrier on Sea Trials Collides with Tankship, Fire Ensues

Pure Car Carrier: Courtesy of Ray Shipping

The 55,000 gt car carrier 'Gravity Highway', which was under construction in Hyundai Mipo Shipyard, collided with chemical tanker 'Maritime Maisie' while on sea trials some 9 nautical miles off Busan, reports Yonhap News Agency. The impact caused a fire on the tanker


Offshore Shipbuilding Demand Prompts HHI Design Expansion

Hyundai Heavy Industries plans to establish a new ship design subsidiary early next year by expanding its Mipo Engineering Co, reports Yonhap News Agency. Hyundai Heavy Industries plans to establish a new ship design subsidiary early next year by expanding its Mipo Engineering Co, reports Yonhap


Aker Starts Building First Product Tanker for Crowley

Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four


d’Amico Launches New Eco-Ship Designs

Foto 1_DAmico.jpg

Highly efficient vessels surpassing international standards defined by new legislation for “eco-ships” have been designed, widely anticipating the CO2 emissions limits that will be implemented from January 1, 2025. The d’Amico Group


Pompe Garbarino Manuals Available in Shipdex

Pompe Garbarino S.p.A., an Italian manufacturer of centrifugal and positive displacement pumps for marine, naval and industrial fields prepare and release the technical manuals according to Shipdex Protocol . Shipdex is the customization for the shipping community of the international S1000D


Scorpio Tankers Sell Two, Receive New MR Tankship

Image courtesy of Scorpio Tankers

Monaco-based Scorpio Tankers says it has entered into agreements to sell its two 2004 built, LR1 product tankers, 'Noemi' and 'Senatore' and has also taken delivery of a MR product tanker newbuilding, 'STI Duchessa', from Hyundai Mipo Dockyard Co., Ltd. of South Korea.


Yara Orders Three Handy-size Ammonia Vessels

Yara International ASA has entered into shipbuilding contracts with Hyundai Mipo Dockyard (HMD) for the construction and delivery of three 20,600 CBM semi-refrigerated LPG carriers with an expected cost per vessel of $51 million (USD). Following an evaluation of current newbuild and time


New Tankship Joins Rapidly Expanding Scorpio Fleet

Image credit Scorpio Tankers

Scorpio Tankers Inc. inform they have taken delivery of another MR product tanker newbuilding in their ambitious newbuilding programme, 'STI Opera', from Hyundai Mipo Dockyard Co., Ltd. of South Korea. The owners add that the new vessel will be chartered-out for up to 120 days at approximately


 
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