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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
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
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…
Teekay Offshore Orders two LNG-fueled Aframax at Samsung Heavy Industries
Teekay Offshore GP entered into shipbuilding contracts to construct two LNG-fueled Aframax DP2 shuttle tanker newbuildings from Samsung Heavy Industries for delivery in late-2020 and early-2021…
Government Okays USD 1.2 bln for Korea Ocean Business Corporation
The government of South Korea decided to invest 1.35 trillion won (USD 1.2 billion) in Korea Ocean Business Corporation (KOBC). The compnay was created in order…
Samsung Heavy Industries Post Quarterly Loss
Seoul-listed South Korean shipbuilder Samsung Heavy Industries (SHI) sunk into the red in the second quarter, on increased costs and one-off losses.SHI said in a…
GTT Bags LNG Carrier Tank Design Order
GTT has received a new order from South Korean shipbuilder Samsung Heavy Industries (SHI) concerning the tank design of a new 174,000 m3 liquefied natural gas (LNG) carrier…
Samsung Heavy Industries Delivers New Vessel to Nordic American Tankers
South Korea's Samsung Heavy Industries (SHI) delivered the first new building, named Nordic Aquarius, to Nordic American Tankers (NAT). The Bermuda-based NAT said…
Ocean Rig Postpones SHI Drillship Delivery Till 2020
International offshore drilling contractor Ocean Rig UDW Inc. and South Korean yard Samsung Heavy Industries (SHI) have agreed to postpone the delivery of the newbuild…
Samsung Heavy Industries Bags Two Special-Purpose Ships Order
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has received a contract to construct two special-purpose ships for an unnamed European company. According Yonhap…
Hyundai Merchant Marine Signs LoI for 20 Vessels
South Korea's Hyundai Merchant Marine (HMM) has selected country’s three major shipbuilder and signed letters of intent (LOIs) with them to build 20 container carriers by mid-2021, reported Yonhap.
Inmarsat Offers Unique Maritime IoT Insights
Original research commissioned by Inmarsat suggests that the maritime industry is more amenable to adopting analytic, management and operational tools applied through…
Hyundai Merchant Marine Selects 3 Yards to Build Eco-Friendly Mega Containerships
Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10, HMM has considered all the conditions for newbuilding including delivery date…
GasLog Sets Charter Deal with Centrica, Orders New LNG Vessel
Monaco-based LNG shipper GasLog signed a seven-year charter deal with the UK-based energy company Centrica for a newbuild LNG carrier it has ordered at the South…
