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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 forā¦
GTTā 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 systemā¦
FLNG Birth of a Market
![Easy cool Modecās liquefaction concept is based on efficient āair-conditioningā Courtesy Modec](https://images.marinelink.com/images/maritime/w200h200c/easy-cool-modecs-liquefaction-concept-49955.jpg)
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 Shellās Prelude FLNG ā Woodsideās choice, it seems, of a liquefaction solution for fields 200 kilometers offshore. Yet Prelude, āthe first project outā, 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 whileā¦
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 vesselsā¦
CMA CGM Launches 18,000 TEU Containership
![CMA CGM Bougainville (Photo: CMA CGM)](https://images.marinelink.com/images/maritime/w200h200c/cma-cgm-bougainville-photo-cma-49282.jpg)
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
![Petrobras 10000 (Image: Transocean)](https://images.marinelink.com/images/maritime/w200h200c/petrobras-10000-image-transocean-48413.jpg)
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 contractsā¦
Nigeria LNG to Receive Four Ships in 2015
Nigeria Liquefied Natural Gas Company (NLNG) expects to take delivery of four LNG carrier ships before year-end and another two next year, its chief executive saidā¦
Korean Shipyards in Troubled Water
Struggling with technology and a plunge in oil prices that has discouraged exploration, Korean vessel makers are racking up debt and could show billions of dollars in losses, reports Bloomberg.
New Standard for Offshore O&G Project by DNV GL Led JIP is Cost Saving
Variations in owner, operator and regulatory requirements during engineering and construction phases at South Korean shipyards present a huge challenge for operators and drive up costs.
Technip Samsung JV Wins 2 FLNG Project Contracts
The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broomeā¦
Samsung Bags $4.7bn Order for 3 FLNG from Shell Gas
South Korean shipbuilder Samsung Heavy Industries Co. as won a 5.2 trillion won (US$4.7 billion) order to build three floating liquefied natural gas (FLNG) facilities, reports Yonhap.
FLEX Acquires LNG Assets from EXMAR
Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksenās Geveran and Flex LNG under a new USD 2.3 billion company ā Exmar LNG Ltd.
Samsung Wins $890 mln Statoil North Sea Contract
Norwegian oil major Statoil has awarded Samsung Heavy industries an $888 million contract for two platform decks on the giant Johan Sverdrup field in the North Sea, it said on Tuesday.
Sevan Marine Investigates Petrobras Corruption Case
Norway's Offshore drilling firm Sevan Marine ASA has appointed law firm Selmer to investigate claims by Brazilian media that a former manager and agent of Sevanā¦
NLNG Eyes $1.5 bln Debut Shipyard in Nigeria
Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa's biggest economy at the cost of $1.5 billionā¦