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Mitsui LNG Carrier Named Marvel Falcon
On March 29, a naming ceremony was held at Geoje Shipyard of Samsung Heavy Industries Co., Ltd. in Korea, for new liquefied natural gas (LNG) carrier that NYK has…
Samsung’s Smart Ship Solution Obtains ABS Cyber Approval
![Left to right: Dr. Dong Yeon Lee of SHI and Paul Walters, ABS Director, Global Cybersecurity (Photo: ABS)](https://images.marinelink.com/images/maritime/w200h200c/left-to-right-dr-dong-84190.jpg)
U.S. based classification society ABS said it has granted a Certificate of CyberSafety Compliance for South Korean shipbuilder Samsung Heavy Industries’ (SHI) Smart Ship Solution demonstrating adherence to the ABS Guide for Cybersecurity Implementation for the Marine and Offshore Industries and ISO 27000 series, IT Security Control Code of Practice. SHI’s Smart Ship Solution aims to improve vessel…
Wärtsilä VOC Recovery for AET Tankers
Wärtsilä will supply its Volatile Organic Compounds (VOC) recovery technology, LNG fuel gas handling systems and the auxiliary engines for two new shuttle tankers…
ABB to Equip AET's New Shuttle Tankers
![(Image: ABB)](https://images.marinelink.com/images/maritime/w200h200c/image-abb-83888.jpg)
ABB said it has won an order from Korean shipbuilder Samsung Heavy Industries to equip two new 125,000 DWT shuttle tankers contracted to the world's largest offshore operator Statoil ASA. Ordered by petroleum and chemical tanker owner and operator AET and scheduled for delivery in 2019, the vessels will transport oil from the Statoil fields on the Norwegian and U.K. continental shelves to land-based terminals.
Orient Overseas International Turns Black
Orient Overseas International (OOIL) said it reported a profit attributable to equity holders of US$138 million for the year ended 31 December 2017, as compared…
GasLog Orders LNG Carrier Newbuild from Samsung
![File photo: GasLog](https://images.marinelink.com/images/maritime/w200h200c/file-photo-gaslog-83501.jpg)
Ship owner GasLog Ltd. announced it has ordered another newbuild liquefied natural gas (LNG) carrier from South Korean shipbuilder Samsung Heavy Industries, with options for additional newbuilds. The 180,000 cubic meter capacity Flex Plus vessel with XDF propulsion is the second LNG carrier ordered by GasLog this year. The two vessels are unchartered and scheduled to be delivered in the third quarter of 2019 and the second quarter of 2020 respectively.
Samsung Heavy: New Share Issuance Worth $1.31 Bln
South Korea's Samsung Heavy Industries Co Ltd said on Tuesday the expected value of its planned new share issuance has been cut to 1.41 trillion won ($1.31 billion)…
Samsung Heavy Industries Delivers Johan Sverdrup Offshore Platform
South Korea's Samsung Heavy Industries (SHI)'s Geoje shipyard has completed a riser platform topside for Statoil's giant Johan Sverdrup development offshore Norway.
Seadrill, Creditors Reach Joint Restructuring Deal
![(Photo: Seadrill)](https://images.marinelink.com/images/maritime/w200h200c/photo-seadrill-82944.jpg)
Shipping tycoon John Fredriksen has reached an agreement with a majority of creditors over a restructuring plan for oil rig firm Seadrill, according to U.S. court documents on Monday. The company, once the world's largest offshore driller by market value, filed for Chapter 11 bankruptcy protection with debt and liabilities of over $10 billion last September after a sharp drop in oil prices in 2014 cut demand for rigs.
GTT Bags Order for Three LNG Carriers, One Bunkering Vessel
GTT announces it has received several orders, since the beginning of the year, for the equipment of three LNG Carriers (LNGCs) and one bunkering vessel. The three LNGCs…
Schulte's PRONAV Acquisition Greenlighted
The Hamburg-based Schulte Group said it has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV. With this strategic move…
Samsung Heavy Industries Bags USD 91.47mln Newbuild Order
Samsung Heavy Industries (SHI) swept 1 trillion KRW (USD 91.47mln) worth orders, including an order from an Asian owner to build eight 12,000TEU containerships for around 820 billion KRW.
Evergreen Orders Eight 11,000 TEU Containerships
![From left to right: EMC President Lawrence Lee; EMC Chairman Anchor Chang; SHI CEO J.O. Nam; SHI CMO K.H. Kim (Photo: EMC)](https://images.marinelink.com/images/maritime/w200h200c/from-left-to-right-emc-82296.jpg)
Evergreen Marine Corp. (EMC) said it has entered into an agreement with South Korean shipbuilder Samsung Heavy Industries (SHI) to order eight 11,000 TEU containerships. Four ships will be owned by EMC’s subsidiary, Greencompass Marine S.A. and a further four by Evergreen Marine (Hong Kong) Ltd. The newbuildings are planned to be delivered from the first quarter of 2020 through the second quarter of 2021.
Capital Product Partners Adds Two Vessels, Sells One
Greece-based international diversified shipping partnership Capital Product Partners announced the completed acquisition of the M/T ‘Aristaios’, as well as the sale…
Samsung Heavy Sells Drilling Rig for $500 Mln
South Korea's Samsung Heavy Industries Co Ltd said on Monday it has agreed to sell a semi-submersible drilling rig for $500 million to an unidentified European company.
AET Adds Four Newly Built Tankers
Singapore-headquartered vessel owner AET Tankers - a subsidiary of Malaysia's MISC Berhad - has named and welcomed four newbuild tankers into its fleet in two separate…
Samsung Heavy to Issue New Shares
South Korea's Samsung Heavy Industries Co Ltd plans to issue new shares worth 1.56 trillion won ($1.47 billion), the company said on Friday. The world's third-largest…
Maersk Drilling Axes Dozens of Staff
Maersk Drilling USA is laying off 84 employees who work aboard the Maersk Viking (UDW drillship), located in the Gulf of Mexico, and report directly to the company’s office in Houston…
Seadrill Bondholders Post Cash Deposit for Rival Restructuring
![(Photo: Seadrill)](https://images.marinelink.com/images/maritime/w200h200c/photo-seadrill-81273.jpg)
Owners of unsecured bonds in rig firm Seadrill have posted a cash deposit to back an alternative financial restructuring, paving the way for talks with the drilling operator over its future, the two sides said on Monday. Seadrill, once the largest drilling rig operator by market value, filed for bankruptcy protection in a U.S. court on Sept. 12 after being hit hard by cutbacks in oil company investment following a steep drop in crude prices.
New Shuttle Tanker Design for Teekay
![(Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/image-wrtsil-81248.jpg)
A new shuttle tanker concept developed by the world’s largest shuttle tanker services provider, Teekay, will offer a new level of innovation, says Wärtsilä, whose smart technology solutions will be featured on the new vessels. To date, Teekay has ordered four of these ‘next generation’ ships, each to be built at the Samsung Heavy Industries (SHI) yard in South Korea. According to Wärtsilä, the newbuilds will feature a broad assortment of its latest technology innovations…