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GasLog Ltd. Announces Delivery of 'Solaris'
GasLog Ltd. is pleased to announce the delivery of the fully owned LNG carrier Solaris, from Samsung Heavy Industries Co., Ltd. She today, commenced a medium-term…
Excelerate Energy & the Year of LNG
This being the “Yearbook” edition of Maritime Reporter & Engineering News, it would be remiss to not have coverage of LNG, one of the hottest fueling trends in maritime circles, particularly in North America. For a unique insight on a rapidly evolving market, MR caught up with Edward Scott, COO, Excelerate Energy, which is making big strides in the LNG Regasification sector, and recently received on the of the world’s largest and most capable units…
Seadrill Ink US$1.1-Bln Total Contract
Offshore driller Seadrill signed a five-year, $1.1 billion contract with Total for work offshore Nigeria, it said on Monday. The contract, for Seadrill's newly built…
Far East Shipyards Bag the Week's Newbuilding Orders
South Korea, Japan and China shipyards update their order books with a clean haul of ocean-going newbuilding contracts, detailed as follows in the latest Clarkson Hellas S&P Weekly Bulletin.
Samsung Wins $410 mln LNG Order
Samsung Heavy Industries Co said on Friday it won a 419.5 billion won ($410 million) order to build two liquefied natural gas carriers for an unidentified European client.
ABS Secures Prestigious PFLNG Classification Contract
ABS, a leading provider of classification and technical services to the global offshore industry, has been awarded the classification contract from PETRONAS, Malaysia’s national oil company…
ABS Wins Petronas FLNG Classification Contract
ABS, a provider of classification and technical services to the global offshore industry, has been awarded the classification contract from Petronas, Malaysia's national oil company, for the company's second floating LNG facility (PFLNG 2). The vessel will be built at the Samsung Heavy Industries yard in Geoje, Korea. "This is a very significant award for us," said ABS Chairman and CEO Christopher J. Wiernicki.
Classification Society ABS Selects Key Advisors
Following the 151st Annual Meeting of Members and of the Board of Directors ABS informs that industry leaders were elected and appointed to serve on several bodies…
Ultra-deepwater Drillship 'Maersk Valiant' Delivered
Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage towards the US Gulf of Mexico via Singapore to commence a two year contract with ConocoPhillips and Marathon Oil Corporation. Maersk Valiant is the second in a series of four ultra deepwater drillships to enter Maersk Drilling’s fleet.
Samsung Heavy Takes Up 7 Container Ship Order
South Korea's Samsung Heavy Industries said on Wednesday that it is proceeding with a project worth 642.9 billion won ($617.67 million) to build seven container ships as planned.
Samsung Heavy Wins Drillships Order
Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia.
S.Korea's Samsung Heavy wins $1.27 bln drillships order
Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia.
Seoul Shares Touch 3-week Low as China Worries Persist
Seoul shares fell in early domestic trade Wednesday, touching a near-three week low as persisting worries about China's economic growth outlook cut appetites for riskier assets.
Yangzijiang Shipbuilding Eyes Mega Container Ships
Reuters - Yangzijiang Shipbuilding Holdings Ltd, a top Chinese shipbuilder, plans to build more mega container ships for shipowners eager to cut operating costs. Yangzijiang is China's third-largest listed shipbuilder by market capitalisation and has boasted profit margins that dwarf those of domestic and overseas peers. Yangzijiang is ready to hand over its first mega container ship in March, which can move around 10…
Maersk Drilling Takes Delivery of First of Four Ultra-Deepwater Drillships
Maersk Drilling informs it has taken delivery of its first ultra deepwater drillship, 'Maersk Viking', from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. The new vessel has started its voyage to the US Gulf of Mexico where it will commence a three year contract with ExxonMobil. The owners explain that Maersk Viking is the first in a series of four ultra deepwater drillships to enter Maersk Drilling’s fleet.
Wärtsilä Pumps Chosen for North Sea FSU
Wärtsilä said it signed a contract in late 2013 for a range of pumping solutions for a new Floating Storage Unit (FSU) which will operate on the Mariner oilfield in the North Sea. Wärtsilä's contract was signed with Samsung Heavy Industries (SHI) which will build the FSU in South Korea on behalf of Statoil, the Norway based international energy company. Delivery of the Wärtsilä equipment is scheduled for spring 2015, and the FSU is expected to be in operation in 2017.
Pacific Drilling Releases Fleet Status Report & Revenue Guidance
Pacific Drilling says that the latest in its fleet of 5 of new ultra-deepwater drillships is in service. Two additional drillships are under construction at Samsung Heavy Industries for delivery in 2014, and an eighth rig is under construction for delivery in March 2015. Pacific Drilling is a fast growing company that says it is committed to becoming the industry’s preferred ultra-deepwater drilling contractor.
Maersk Drilling Name Two New Ultra-Deepwater Drillships
Maersk Drilling say that their second and third ultra-deepwater drillships have been named in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Lisa Lance, wife of Ryan M. Lance, chairman and chief executive officer, ConocoPhillips had the honour of naming Maersk Valiant, and Annell R. Bay, Vice President Global Exploration, Marathon Oil Corporation of naming Maersk Venturer.
GasLog to Buy Three BG Group LNG Carriers & Charter Back
GasLog Ltd. says it has agreed with Methane Services Ltd. (MSL), an affiliate of BG Group, to purchase 3 LNG carriers from MSL's fleet and to charter those ships back to MSL for 6-year initial terms. MSL also will have options to extend the term of the time charters for 2 of the ships for a period of either 3 or 5 years at its election. The ships to be acquired will be nominated by MSL from an agreed group of six sister ships built in 2006 and 2007.
Korea Shipbuilders Take Firmer Stance on Business Ethics
Korea’s big three shipbuilders are committed to making a fresh start with regard to business ethics in 2014 after getting hit with bribery scandals in 2013, reports the Korea Joong Ang Daily. According to the Korea Joong Ang Daily, Hyundai Heavy Industries, the nation’s largest ship manufacturer, held an “ethics management resolution” event recently at its headquarters in Ulsan during a management strategy seminar.
