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SHI Turned Down Offer to Buy DSME
Samsung Heavy Industries turned down an offer to take over rival shipbuilder Daewoo Shipbuilding & Marine Engineering, the top shareholder of Daewoo said on Tuesday.State-funded Korea Development Bank (KDB), which holds a 56 percent stake in Daewoo, said it aims to sign a deal to sell the shipbuilder to sole bidder Hyundai Heavy Industries once its board approves it in early March.Hyundai Heavy, the world's biggest shipbuilding group…
FLNG Market Grows a CAGR of +93%
Global floating liquefied natural gas (FLNG) market is growing at a CAGR of +93% during forecast period 2019-2026 as the demand for natural gas has been rising as…
GTT Wins SHI's LNG Tank Design Order
French LNG containment specialist GTT (Gaztransport & Technigaz) has announced that it has received an order from Samsung Heavy Industries (SHI) concerning the tank…
World's Largest Shipbuilders in $2 Bln Mega-merger
Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.The move comes as the worldwide shipbuilding sector recovers from a global economic downturn that led to massive losses…
Hyundai Heavy Seeks to Acquire DSME
South Korea's "Big Three" shipbuilders may soon become the "Big Two". South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its rival Daewoo…
Hyundai Heavy Mulls Stake in rival Daewoo
South Korea's Hyundai Heavy Industries Group, the world's biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday.The comments follow the group's holding firm saying on Monday it planned to sell part of its stake in refiner Hyundai Oilbank to Saudi Aramco for as much as 1.8 trillion won.State-funded Korea Development Bank (KDB) holds a 55.7 percent stake worth 2.16 trillion won ($1.94 billi
SHI Wins Order for LNG Carrier Pair from Celsius Tankers
South Korean shipbuilding giant Samsung Heavy Industries(SHI) has won a new order to build two liquefied natural gas (LNG) carriers from Copenhagen-based Celsius…
Qatar Mulls Buying 60 New LNG Carriers
Qatar’s energy minister Saad Sherida Al-Kaabi, who also serves as deputy chairman of Qatar Petroleum (QP), outlined plans to order 60 new liquefied natural gas (LNG) carriers.Reuters…
eMARINE Global Wins Warship ECDIS Contract with Hanjin Heavy
The provider of information and communications technology for the maritime industry eMARINE Global announced its second contract with Hanjin Heavy Industries & Construction…
GasLog's LNG Pair to be Built at SHI with GTT Tank
Gaztransport & Technigaz (GTT) announced that it has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two LNG carriers…
Shipbuilding: SHI Eyes Fat Order Book in 2019
South Korean shipbuilder Samsung Heavy Industries (SHI) expects to increase orders by almost 24 percent in 2019 compared to last year.According to Yonhap, SHI is…
Gaslog Orders Two LNG Carriers at Samsung Heavy
The Monaco-based international owner, operator and manager of liquefied natural gas (LNG) carriers, GasLog Ltd said that two 180,000 cubic meter LNG carriers with…
GTT Receives Order for Tank Design of Two New LNG Carriers
GTT has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two new 174,000 m3 LNG carriers (LNGC), on behalf of the…
South Korean Shipbuilding No.1 Again
South Korea’s shipbuilding industry reclaimed the title of world’s biggest shipbuilder (in terms of orders volume) in 2018 for the first time in six years, since…
Samsung Heavy Bags USD 188 mln LNG Newbuild Order
South Korean shipbuilder Samsung Heavy Industries (SHI) has clinched a deal worth 209 billion won (USD 188 million) to build a liquefied natural gas (LNG) carrier.The…
Samsung Heavy Bags Two More New Orders for LNG Carriers
South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order to build two new liquefied natural gas (LNG) carriers worth a total of about 426 billion…
SHI Bags New Order for an LNGC
South Korea's major shipbuilder Samsung Heavy Industries (SHI) announced yesterday (Thursday) that it has clinched a deal to build a liquefied natural gas (LNG)…
TMS Cardiff Gas Orders Four LNG Carriers at Hyundai Heavy Industries
Greek gas carrier owner and operator TMS Cardiff Gas has signed additional contracts with Hyundai Heavy Industries (HHI) & Samsung Heavy Industries (SHI) of Korea for the construction of 174…
SHI Delivers Johan Sverdrup Offshore Platform On Schedule
South Korean shipbuilder Samsung Heavy Industries (SHI) has successfully completed the processing platform (P1) for Johan Sverdrup Field development and delivered…
Samsung Heavy Strikes New LNG Carrier Order
South Korean shipbuilding giant Samsung Heavy Industries (SHI) said Thursday that it has clinched a new deal to build a liquefied natural gas (LNG) carrier.According…