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AET Grows in Brazil
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras…
SHI Bags $358m Order for 2 LNGC
South Korean shipyard Samsung Heavy Industries (SHI) revealed that it has clinched a KRW 400bn (USD358 million) deal to build two LNG carriers.According to a press release from the Korean shipbuilder…
NYK Line Signs TC for Two LNG Carriers with Total
Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract…
GTT Receives Order from Samsung Heavy Industries
France's Gaztransport & Technigaz (GTT) announced that it has received a new order from a Korean shipyard, Samsung Heavy Industries (SHI), for the design of the…
Inside the LNG Shipbuilding Boom
South Korean shipyards have seemingly boxed out rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion.Three South Korean yards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries and Samsung Heavy Industries - have won the more than 50 orders placed for new large-scale LNG tankers for delivery in the next three years…
Samsung Heavy Uses Eco-friendly Paint for Vessels
South Korea's shipbuilder Samsung Heavy Industries has applied a solvent-free coating on its liquefied natural gas (LNG) carrier, saying it is the first case of…
South Korea Dominates LNG Shipbuilding
The liquefied natural gas (LNG) carrier orders received by South Korean shipbuilders have more than tripled from last year.According to Reuters, the three South…
SHI Receives AiP Smart Ship Solution
Lloyd’s Register (LR) presented Samsung Heavy Industries Co., Ltd. (SHI) with approval in principle (AiP) for its smart ship solution: INTELLIMAN SHIP. The solution is the first to receive LR’s ‘Digital AL2 SAFE PERFORM SECURE’ notation, confirming compliance with LR’s new Digital Ships requirements.SHI has been focusing its efforts on developing a smart ship solution to promote safe operation and…
Workforce Down by 27% at S. Korea’s ‘Big 3’ Shipbuilders
South Korea's Big Three shipbuilders - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - have…
GTT to Design Tanks for NYK's New LNG Carrier
GTT said it has received an order notification from South Korean shipbuilder Samsung Heavy Industries (SHI) for the tanks design of a liquefied natural gas (LNG)…
Ocean Yield Adds Tankers to its Fleet
Ocean Yield has agreed to acquire two 2015 built 37,000 dwt IMO II chemical tankers with 12-year bareboat charters to companies owned and guaranteed by Ardmore Shipping Corporation.
Samsung Heavy Industries Wins a LNG Carrier
South Korea's shipbuilder Samsung Heavy Industries (SHI) has clinched a new contract for a liquefied natural gas (LNG) newbuilding.According to a press statement from the company…
NYK Signs LNG Charter Deal with Total
NYK Line has signed a contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.The…
Hyundai Merchant Marine to Spend $2.8 Bln on 20 Containerships
South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.In June this year, the company signed letters of intent for ship orders with South Korea's top three shipbuilders Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries.DSME and Samsung will build seven and five 23…
GTT Receives Order from SHI
GTT announced it has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tanks design of two liquefied natural gas (LNG) carriers.The…
Kwispaa LNG Signs FEED Contract of Two At-Shore LNG Hulls
The Kwispaa LNG Project achieved a significant milestone in its development this week as Kwispaa LNG signed a contract with Hyundai Heavy Industries for the Front-End Engineering and Design (FEED) of two At-Shore LNG hulls.This follows the recent Invitation to Tender to shortlisted EPC (engineering, procurement, and construction) contractors for the FEED work on the At-Shore LNG topsides, marine facilities, pre-treatment, and balance of onshore plant facilities.
Samsung Heavy in Talks to Resolve Nigeria Industry Zone Dispute
The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by an industrial zone in the west African country where the company has been building a floating oil platform for Total, Samsung Heavy said on Friday."We are in discussions to iron out any misunderstanding or issues raised between the parties," a Samsung spokesperson said in a statement sent to Reuters on Friday."We…
The Switch Scores Its Largest Marine Contract to Date
advanced drive train technology specialist Yaskawa Environmental Energy / The Switch said it has signed a contract to provide 16 DC-Hubs and 32 frequency converters for a innovative new shuttle tanker concept developed by Teekay and Wärtsilä.The four tankers will be built by Samsung Heavy Industries in South Korea, with Yaskawa Environmental Energy / The Switch set to begin deliveries to Wärtsilä in…
Samsung Heavy Industries Bags Shuttle Tanker Order from AET
South Korean shipbuilder Samsun Heavy Industries (SHI) revealed that it has won another 152,700 DWT suezmax-sized shuttle tanker from Singapore's AET.This is another…
Höegh LNG Secures FSRU Debt Financing
Höegh LNG Holdings Ltd. said it has received commitment letter for a sale and leaseback financing for another floating storage and regasification unit (FSRU) of up to $206 million. FSRU #10 is currently under construction at Samsung Heavy Industries in South Korea, and is scheduled for delivery in the second quarter of 2019.The facility is provided by CCB Financial Leasing Co. Ltd. (CCBFL), a wholly owned subsidiary of China Construction Bank (CCB)…
