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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
![](https://images.marinelink.com/images/maritime/w200h200c/-23817.gif)
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 10ā¦
Maersk Drilling Takes Delivery of First of Four Ultra-Deepwater Drillships
![Maersk Viking: Photo credit Maersk Drilling](https://images.marinelink.com/images/maritime/w200h200c/maersk-viking-photo-credit-maersk-23660.jpg)
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 Drillingās fleet.
Wärtsilä Pumps Chosen for North Sea FSU
![Photo: WƤrtsilƤ](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-23354.jpg)
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
![Image courtesy of Pacific Drilling](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-of-pacific-drilling-22886.jpg)
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 industryās preferred ultra-deepwater drilling contractor.
Maersk Drilling Name Two New Ultra-Deepwater Drillships
![Naming ceremony: Photo credit Maersk Drillijng](https://images.marinelink.com/images/maritime/w200h200c/naming-ceremony-photo-credit-maersk-22425.jpg)
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 vessel: Image courtesy of the owners](https://images.marinelink.com/images/maritime/w200h200c/gaslog-vessel-image-courtesy-of-22132.jpg)
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
![SHI shipyard: Image courtesy of the shipbuilder](https://images.marinelink.com/images/maritime/w200h200c/shi-shipyard-image-courtesy-of-21949.jpg)
Koreaās 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 nationās largest ship manufacturer, held an āethics management resolutionā event recently at its headquarters in Ulsan during a management strategy seminar.
Korea Shipbuilding Orders Back to Pre-Financial Crisis Level
The nation's top three shipbuilders have seen their combined orders rise again to the US$50-billion mark, six years after they first soared past this level in 2007 when the industry was flourishingā¦
Ocean Rig Takes Delivery of Newbuild Drillship
![Photo: Ocean Rig](https://images.marinelink.com/images/maritime/w200h200c/photo-ocean-rig-21452.jpg)
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that it took delivery of its 228- x 42-meter newbuilding drillship, the Ocean Rig Skyros, on Friday, December 20, 2013. The seventh-generation deepwater drillship, built at Samsung Heavy Industries Shipyard in South Korea, is currently mobilizing to offshore Angola to commence drilling operations with Total. The rig features a helicopter deckā¦
Ichthys LNG Facility to Use Light Structures Monitoring Solution
Light Structures, a global technology company for fiber optic monitoring and analysis systems, has won the contract to provide the Load & Fatigue Monitoring Solutionā¦
Light Structures to Help Secure Future of Giant Ichthys LNG Facility
Light Structures, a global technology company for fiber optic monitoring and analysis systems, has won the contract to provide the critically important Load & Fatigueā¦
Shell Floats Hull for Worldās Largest Floating Facility
![Photo: Shell](https://images.marinelink.com/images/maritime/w200h200c/photo-shell-20774.jpg)
The 488-meter-long-hull of Shellās Prelude floating liquefied natural gas (FLNG) facility has been floated out of the dry dock at the Samsung Heavy Industries (SHI) yard in Geoje, South Korea, where the facility is currently under construction. Prelude will unlock new energy resources offshore and produce approximately 3.6 million metric tons of liquefied natural gas (LNG) per annum (mtpa) to meet growing demand, 1.3 mtpa of condensate and 0.4 mtpa of LPG.
Kongsberg Awarded Several New Asian Projects
![The contracts are based on āFull Pictureā deliveries of integrated offshore technology ā Kongsberg K-Bridge pictured. Photo: Kongsberg](https://images.marinelink.com/images/maritime/w200h200c/the-contracts-are-based-on-19667.jpg)
Kongsberg Maritime was recently awarded separate contracts with three major shipyards in Asia for major technology deliveries to specialist offshore vessels. Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) in Korea, and Cosco Shipyard in China have each selected Kongsberg āFull Pictureā solutions for, in total, nine advanced Offshore Drilling Units, an Accommodation Unit, a Multipurpose Construction Vessel and four LNG vessels with Integrated Automation Systems.
Samsung LNG Carriers Powered, Propelled by GE
Liquefied natural gas (LNG) is one of the fastest growing energy markets worldwide, and global production capacity could be more than double by the end of the decade.
Rolls-Royce to Supply Rig Equipment for Samsung Heavy
![](https://images.marinelink.com/images/maritime/w200h200c/-19398.jpg)
Rolls-Royce has signed a contract to supply thrusters and deck machinery for two semi-submersible drilling rigs to be built at Samsung Heavy Industries in Korea for Stena Drilling. Rolls-Royce reported the value of the contract to be around £22.5 million. Rolls-Royce is a supplier of large thrusters and deck machinery to the offshore drilling market. So far the company has delivered 1,200 thrusters to close to 200 rigs and drillships, and mooring systems to 25 rigs.
Time Honored Nordic American Tankers Declare Dividend
Nordic American Tankers Limited (NYSE:NAT) has for the 65th time declared a dividend for its shareholders. The company announced that its Board of Directors hasā¦