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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
![(File photo: Hyundai Merchant Marine)](https://images.marinelink.com/images/maritime/w200h200c/file-photo-hyundai-merchant-marine-91096.jpg)
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
![Representatives from Steelhead LNG, Huu-ay-aht First Nations, Hyundai Heavy Industries and the B.C. Provincial government at Gastech 2018 in Barcelona, Spain. (Photo: Steelhead LNG)](https://images.marinelink.com/images/maritime/w200h200c/resentatives-from-steelhead-lng-huuayaht-90709.jpg)
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
![Photo: Total](https://images.marinelink.com/images/maritime/w200h200c/photo-total-90558.png)
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
![(Photo: Yaskawa Environmental Energy / The Switch)](https://images.marinelink.com/images/maritime/w200h200c/photo-yaskawa-environmental-energy-the-90223.jpg)
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
![(File photo: Höegh LNG)](https://images.marinelink.com/images/maritime/w200h200c/file-photo-hegh-lng-90148.jpg)
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)…
Nordic American Tankers Adds New Suezmax
South Korea's Samsung Heavy Industries (SHI) delivered the second suezmax newbuilding, to Nordic American Tankers (NAT) on August 31, on time and on budget.NAT had…
Samsung Heavy Industries Awards New LNG Tank Design Order to GTT
GTT has received an order from Samsung Heavy Industries (SHI) concerning the tank design of a new 174,000 m3 LNG carrier, on behalf of a European ship-owner. The…
Egina FPSO Sails to Offshore Field
The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina…
GasLog Orders LNG Duo at Samsung Heavy Industries
Monaco-based LNG shipper GasLog has ordered two 174,000 cubic meter LNG carriers (HN 2300 and HN 2301) with low pressure two stroke (“LP-2S”) propulsion at Samsung Heavy Industries in South Korea…
S.Korean Shipbuilders Jump over Rising LNG Tanker Prices
![© Angelika Bentin / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/angelika-bentin-adobe-stock-89543.jpg)
South Korea's shipbuilders jump after an industry report notes rising prices of liquefied natural gas tankers that is set to benefit the country's shipbuilders.Shares of Hyundai Heavy Industries soar 9.2 pct, while those of Daewoo Shipbuilding & Marine Engineering jump 9.7 pct.Samsung Heavy Industries adds 5.7 pct, after it secured a contract worth 412 billion won ($368 million) to build two LNG carriers for a ship owner in North America.The stock price gains reflect the report issued by Clarkso
Samsung Heavy Industries to Build Two LNG Carriers for Celsius Tankers
South Korean shipbuilder Samsung Heavy Industries (SHI) booked an order from Denmark’s Celsius Tankers for two liquefied natural gas (LNG) carriers, securing an…
Global FPSO Market to Exceed USD 115 bln by 2024.
Global FPSO Market is anticipated to witness growth of 19% and exceed USD 115 billion by 2024. Rising demand of hydrocarbons and increase drilling activities for…
Samsung Heavy Industries Builds Smart Ship On AWS Platform
Amazon Web Services (AWS), an Amazon.com company, announced that Samsung Heavy Industries (SHI) selected AWS as its preferred cloud provider to support its digital…
Aqualis Offshore to Position Egina FPSO
![(Photo: Aqualis Offshore)](https://images.marinelink.com/images/maritime/w200h200c/photo-aqualis-offshore-89212.jpg)
Aqualis Offshore has been handed the position keeping role for installation of the floating production storage offloading unit (FPSO) at Total’s Egina field offshore Nigeria.EPCIC contractor for the $3.3 billion FPSO, Samsung Heavy Industries, has awarded the position keeping work to Aqualis Offshore. The newbuild Egina FPSO was towed from South Korea and arrived in Nigeria in late January for final…