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The Top 10 Ships of 2016
![](https://images.marinelink.com/images/maritime/w200h200c/-68725.jpg)
Maritime Reporter & Engineering News (www.marinelink.com), published since 1939, annually publishes details on the worldâs âGreat Ships of the Year.â Of the 18 selected as âGreat Ships of 2016,â here we rank the Top 10 Ships of 2016, according to the editors of Maritime Reporter & Engineering News. Why: Second in series of the worldâs first LNG powered containerships. Shipyard: Philly Shipyard Inc. Owner Reliance Industries Ltd. Owner: Arctia Icebreaking Ltd.
FSC Denies Mergers Between Big Three Shipbuilders
The chairman of South Korea's Financial Services Commission, Yim Jong-Yong, reiterated that Daewoo Shipbuilding and Marine Engineering (DSME) would not be mergedâŚ
Gloomy 2017 for Korea Shipyards
South Koreaâs three majors shipbuilders are forecast to get much fewer orders next year, Yonhap reports quoting industry sources. The three shipyards - Hyundai Heavy Industries (HHI)âŚ
Great Ships of 2016: Ethane Crystal
![(Photo: SHI)](https://images.marinelink.com/images/maritime/w200h200c/photo-shi-68309.jpg)
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Owner: Reliance Industries, Ltd. The worldâs first very large ethane carrier (VLEC), Ethane Crystal, has been delivered to Indiaâs Reliance Industries Ltd. by South Korean shipbuilder Samsung Heavy Industries (SHI). The vessel is now the worldâs largest purpose-built ethane carrier â comparable in size to todayâs very large gas carriers (VLGC) â and with its 87,000 cu.
Höegh LNG Orders Four FSRUs at Samsung Heavy
Norwayâs floating liquefied natural gas company Höegh LNG has signed a Letter of Intent (LOI) for one firm and three optional floating storage and regasificationâŚ
Höegh LNG, SHI Ink FSRU Deal
Höegh LNG Holdings Ltd. has signed a Letter of Intent ("LOI") for one firm and three optional FSRUs at Samsung Heavy Industries (SHI) in South Korea. The 170,000âŚ
Samsung Heavy Cancels $776.8 mln LNG FPSO Order
South Korean shipbuilder Samsung Heavy Industries (SHI) has terminated a contract worth a 907.6 billion won ($776.8 million) for the construction of a liquefiedâŚ
Nakilat Transfers LNG Umm Slal to in-house Management
![(Photo: Nakilat)](https://images.marinelink.com/images/maritime/w200h200c/photo-nakilat-67433.jpg)
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Umm Slal from STASCo (Shell Trading and Shipping Company Ltd.) effective November 23, 2016, as part of the planned transition announced last month. With a cargo carrying capacity of 265,978 cu. m., Umm Slal is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Samsung Heavy Industries was delivered in November 2008 and has been in service ever since.
FORAN Expands User Base in Korea
![Hansung Ship Eng. Power station (Photo: FORAN)](https://images.marinelink.com/images/maritime/w200h200c/hansung-ship-eng-power-station-67362.jpg)
These are difficult times for the shipbuilding industry, in particular that of Korea, which faces its worst-ever order drought. Big, medium-sized and small shipbuilders are undergoing deep restructuring as a consequence of the workload downturn. However, despite the crisis Korea is still the global leader in newbuilding deliveries, and its shipyards continue to demand, and now more than ever appreciate, improvements in all areas of management, design and production.
India Signs MoUs With Foreign Countries for Building Ships and Ports
(i) Memorandum of Understanding between the Government of the Republic of India and the Islamic Republic of Iran over partnership of India in development plan of Chabahar PortâŚ
Hyundai Heavy to be Split into 4 Firms
Shipbuilder to be split into four companies; spinoff is part of restructuring plan submitted to creditors. South Korea's Hyundai Heavy Industries is being split into four companiesâŚ
Nordic American Tankers Expands Fleet to 33 Vessels
Armed with $120m from the placement, Nordic American Tankers (NAT) has contracted to increase its fleet from 30 to 33 vessels, enhancing its potential for both higher earnings and dividends.
Worldâs Largest Ethane Carrier Delivered
![Ethane Crystal is the worldâs first very large ethane carrier (VLEC) (Photo: SHI)](https://images.marinelink.com/images/maritime/w200h200c/ethane-crystal-is-the-worlds-66940.jpg)
The world's first very large ethane carrier (VLEC), Ethane Crystal, has been delivered to Indiaâs Reliance Industries Ltd. by South Korean shipbuilder Samsung Heavy Industries (SHI), representing a significant milestone for the gas shipping industry. The vessel is now the planetâs largest, purpose-built ethane carrier â comparable in size to todayâs very large gas carriers (VLGC) â and with its 87âŚ
Nakilat Transitions LNG Mekaines to In-house Management
![Mekaines (Photo: Nakilat)](https://images.marinelink.com/images/maritime/w200h200c/mekaines-photo-nakilat-66811.jpg)
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Mekaines from STASCo (Shell Trading and Shipping Company Ltd.) with effect from November 7, 2016, as part of the planned and phased transition announced on October 19, 2016. With a cargo carrying capacity of 266,476 cubic meters, Mekaines is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Samsung Heavy Industries was delivered in March 2009 and has been in service ever since.
NAT Orders Three Suezmax Tankers
Nordic American Tankers Limited (NAT) said it has entered into agreements with Korean shipyard Samsung Heavy Industries Co., Ltd. for the construction of three Suezmax tankers of about 157âŚ
Reliance Inaugurates New Ethane Carriers
In a ceremony held in Geoje (South Korea), Indian's largest private sector company Reliance Industries Limited (Reliance) inaugurated its very first two VLEC (Very Large Ethane Carrier)âŚ
GasLog Orders New LNG Carrier from SHI
GasLog Ltd. today announces that it has signed a time charter party with Centrica plc. ("Centrica") to charter a vessel for a period of seven years. The vessel, a 180âŚ
Korea's Top 3 Shipbuilders' Shaky Performance
The value of contracts signed by Korea's big-three shipbuildersâ Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy IndustriesâŚ
DSME Denounces McKinsey Report
The report by Global consulting company McKinsey & Company that Daewoo Shipbuilding & Marine Engineering (DSME) is least likely to survive among the big three shipbuildingâŚ
South Korean Yards Eyed for $3.8 Bln LNG Shipbuilding Deal
A little-known investment company said it intends to order up to 20 liquefied natural gas (LNG) carriers, probably from South Korean shipbuilders. The contracts would be worth as much as $3.8 billionâŚ