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Bestobell Secures High Pressure Valve Orders
Bestobell Marine has secured two orders to supply its new range of high pressure globe and check valves to be used in high pressure fuel gas systems on board ships. The valves will be used within the pump and vapouriser skids for six LNG carriers that are being built at DSME shipyard and also for two LNG carriers being built at SHI (Samsung Heavy Industries), both in South Korea and due to be fitted with the MAN ME-GI engine.
PFLNG2 Keel Laid at Korea’s SHI Yard
Petronas has laid keel for its second floating liquefaction plant, Petronas Floating LNG2 (PFLNG2), in Geoje Island, South Korea. Petronas, together with JGC Group and Samsung Heavy Industries (SHI)…
Creditors to Pump $3.7B into Ailing DSME
Creditors of South Korea's Daewoo Shipbuilding and Marine Engineering Co. will pour 4.2 trillion won about (US$3.68 billion) into the ailing shipyard to help it get back on track…
Keel Laid for Lead Ship of Arctic Tanker Series
A keel laying ceremony was held Monday at Korea’s Samsung Heavy Industries Co., Ltd. for the first of six ships in the project 42К Arctic Shuttle Tanker series. The six tankers in the series will be named after the famous Russian explorers of the Arctic, including participants to the Great Northern Expedition of the 18th century. The ships are being built to the dual Russian Maritime Register of Shipping / Lloyd’s Register class.
AET Orders Eight Tanker Newbuilds
AET, an owner and operator of petroleum tankers, has signed contracts worth approximately $500 million combined for the construction of eight new vessels. AET on Tuesday contracted Korean shipbuilder Samsung Heavy Industries Co Ltd (SHI) for four 113,000 dwt Aframax vessels to be delivered in 2018. The shipper then signed an additional contract Wednesday with another Korean builder Hyundai Heavy Industries Co Ltd (HHI) for two 114…
ABS to Class Two More Kogas LNG Carriers
ABS has been selected to class two Liquefied Natural Gas Carriers (LNGCs) for SK Shipping, featuring the KC-1 cargo containment system (CCS). The agreement brings…
ABS Spearheads Offshore Standardization JIP
ABS, a provider of classification services to the global offshore industry, has entered into a memorandum of understanding with Korean shipbuilders Hyundai Heavy Industries (HHI)…
Daewoo Shipbuilding May Post Loss of Over US$4.6 Bln
Daewoo Shipbuilding & Marine Engineering Co. (DSME) is expected to log an operating loss of over 5 trillion won (US$4.4 billion) this year, up by some 1 trillion won from previous forecasts…
French President Inaugurates CMA CGM’s New Mega Ship
The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre. Other key figures present for the inauguration include Jacques R. Saadé, Chairman and Chief Executive Officer of CMA CGM Group; French Minister of Foreign Affairs and International Development Laurent Fabius; French Secretary of State for Transportation Alain Vidalies…
Korean Shipbuilders in Red
South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships.
Danaos buys 3 Boxships via new JV
Danaos Corporation announced today the acquisition of three vessels through a newly-formed joint venture, capitalizing on depressed asset prices in the resale market.
GTT Receives 3rd FSRU Order of 2015
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has won a new order for…
GTT’ Mark V Earns DNV GL General Approval
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced that its new containment system…
FLNG Birth of a Market
FLNG deal-making has been sporadic since Woodside Petroleum at the end of 2013 delayed a final investment decision for the giant Browse FLNG project off Northwest Australia. The previous year had seen go-aheads for most of the floating liquefied natural gas projects (FLNG) underway today, including Shell’s Prelude FLNG — Woodside’s choice, it seems, of a liquefaction solution for fields 200 kilometers offshore. Yet Prelude, “the first project out”, might not be first to produce.
Maersk Orders 9 Tankers from Samsung Heavy Industries
Maersk Tankers, a unit of Danish conglomerate A.P. Moller-Maersk, has placed a $300 million order for nine medium-range tankers from Samsung Heavy Industries' Ningbo shipyard in China.
Samsung Companies Consider Merger Again
South Korean shipbuilder Samsung Heavy Industries Co will try again to merge with sister company Samsung Engineering Co Ltd later this year, reports Korea Times.
Law Maker Attacks Korean Shipbuilders
Lee Jin-bok, a lawmaker of the ruling Saenuri Party in Korea says that the government has given an "incentive for mutual growth" to Korea's major shipbuilders while…
AET Names DP Shuttle for Statoil Charter
Petroleum tanker owner and operator AET today named its newest vessel, a 120,000 DWT DP2 shuttle tanker, Eagle Bergen. Eagle Bergen is the second of two vessels…
CMA CGM Launches 18,000 TEU Containership
Container shipping firm CMA CGM Group has taken delivery of its newest colossal containership, the 18,000 TEU, 400-meter-long CMA CGM Bougainville. Now the largest vessel sailing under the French flag, CMA CGM Bougainville is the fourth vessel of the 18,000 TEU series, all bearing the names of great explorers, in this case honoring French explorer Louis-Antoine de Bougainville, who as captained the first French official world tour in the 18th Century.
Former Petrobras Exec Sentenced for Samsung Drillship Bribe
A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress. Cervero and two other defendants are accused of organizing bribes from Korean shipbuilder Samsung Heavy Industries in exchange for two drillship contracts…
