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Samsung, Daewoo Merger on the Way?
As the Korea government is pushing for restructuring of the faltering shipbuilding industry, speculation grows over a possible merger between the country’s two major…
MacGregor Signs Loose Lashing Orders for Twelve Container Vessels
MacGregor, part of Cargotec, will supply loose lashings equipment for twelve 19,200 TEU container vessels under construction in South Korea for a European owner.
First Wärtsilä X62DF Engine Ready for Large LNG Carrier
On April 5, 2016 Winterthur Gas & Diesel (WinGD), together with Doosan Engine Co., Ltd demonstrated the first low-speed low-pressure Wärtsilä six-cylinder X62DF (W6X62DF) engine for a commercial application. The event took place at Doosan’s works in Changwon, Korea and the W6X62DF engine is also the first sold X-DF engine for the new generation of very large LNG carriers. It is currently under test by Doosan before delivery and is one of a pair that will power the first of two 180…
S. Korean Shipyards Order Books Empty?
The global slump in the shipbuilding industry means that South Korea's ship yards have to look far and wide for new orders. Combined, the three major yards have…
SHI Delivers Gaslog Greece
GasLog Ltd. an international owner, operator and manager of liquefied natural gas ("LNG") carriers, announces the delivery of the GasLog Greece. The GasLog Greece…
Boskalis to Transport Johan Sverdrup Platform Modules
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Samsung Heavy Industries for the transportation of the three topside modules of the riser…
MacGregor Upgrades Cargo System for CSCL
MacGregor has carried out optimised cargo system upgrades for two 14,000 TEU container vessels owned and operated by China Shipping Container Lines (CSCL). The vessels…
$4.3B: Daewoo Shipbuilding has Record Loss
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) posted a KRW 5.13 trillion (USD 4.3 billion) worth loss for the full year of 2015.
ABS-classed Ship Carries Historic LNG Export from US
Milestone marks another ‘first’ in the Class Society’s history of serving the gas market. Cheniere Energy, Inc. has commissioned a cargo from the Sabine Pass LNG Terminal. Carried aboard the Asia Vision, an ABS-classed LNG Carrier, the cargo represents a milestone in ABS’s history of serving the gas industry, the classification society said. “The first export shipment of liquefied natural gas from Sabine Pass is a historic moment for the entire North American energy sector…
Offshore Wind: Seajacks Scylla Ready to Roll
Gibdock was selected for the afloat mobilization of Seajacks Scylla, the largest and most advanced windfarm installation jack-up ever built. Following delivery to Seajacks by Samsung Heavy Industries at the end of 2015, Scylla was discharged to Gibraltar waters from the heavylift transporter Osprey before being towed into Gibdock for reactivation works at the yard’s South Mole. Seajacks Scylla completed…
Another Brutal Year for Korean Shipyards?
2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted…
Hyundai Heavy Closes Onsan offshore
Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry.
Iran Plans Listing NITC to Fund Fleet Modernization
Iran plans to list its national tanker company to raise badly needed cash to upgrade its massive fleet and replace older vessels, as the middle east country prepares for an aggressive return to the global oil market. The country emerged from years of economic isolation last weekend after crippling sanctions were lifted in return for Tehran complying with steps to curb its nuclear ambitions. Iran has one of the world's biggest tanker fleets…
Bleeding Continues for Korean Shipbuilders
South Korea's big three shipbuilders are set to post over 8 trillion won (US$6.66 billion) in operating losses in 2015 because the industry has not found a way out of a prolonged slump…
Chinese Shipyard in Fifth Place for First Time
According to UK-based Clarkson Research Services, Shanghai Waigaoqiao Shipbuilding (SWS) had an order backlog in November of just over three million compensated gross tons (CGTs)…
GTT Grants License to India's CSL
GTT grants a License Agreement to Cochin Shipyard Ltd. GTT (Gaztransport & Technigaz) announced it has granted a License Agreement to Cochin Shipyard Ltd. (CSL)…
Korean Shipbuilders May Fail to Achieve Targets
South Korea's big three shipbuilders - Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. - may miss this…
Korea's Ship Building Orders Dip to 6-Year Low
South Korean shipbuilders' new orders in November fell to the lowest level in six years amid woes over their growing losses, Yonhap reports. Meanwhile, Chinese rivals…
Seajacks Scylla Delivered
Seajacks Scylla, touted as the world's largest and most advanced wind farm installation and offshore construction vessel, has been delivered by the Samsung Heavy Industries Shipyard in Geoje, Republic of Korea. Based on the Gusto MSC NG14000X design, the ABS-classed Seajacks Scylla, has more than 8,000 metric tons of available variable deck load. Equipped with a 1,540-metric-ton leg-encircling crane and a usable deck space in excess of 5…
STX Offshore in Deep Financial Crisis
The South Korean shipyard STX Offshore & Shipbuilding is apparently close to a bankruptcy if not yard soon find new vendors who are willing to pump huge sums into the yard.
