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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 flourishing…
Ocean Rig Takes Delivery of Newbuild Drillship
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 deck…
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 Solution…
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 & Fatigue…
Shell Floats Hull for World’s Largest Floating Facility
The 488-meter-long-hull of Shell’s 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
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 “Full Picture” 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
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 has…
Maersk Drilling Name First Ultra-Deepwater Drillship
The new drillship was named 'Maersk Viking' by Mrs. Nathalie Newman, wife of Mr. Harry E. Newman Jr., ExxonMobil Global Drilling Manager in a ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Viking is the first in a series of four ultra deepwater drillships to enter Maersk Drilling’s rig fleet. The four drillships represent a total investment of USD 2.6bn and will be delivered from the SHI shipyard in late 2013 and 2014.
LNG ABAS Blanket: Samsung Heavy Improve Design
Putting a blanket on is normally associated with keeping warm. In the cryogenic world of LNG, however, the ABAS Blanket maintains the liquefied gas at -162°C and…
OOCL Mega-Container Ship Named in Korea
OOCL Bangkok took center stage at the Samsung Heavy Industries shipyard as the sponsor, Mrs. Betty Tung, delivered an Encomium that blessed the mega vessel, as well as her cargo and all the people who will sail with her. In his ceremonial address, Mr. C. C. Tung, Chairman of Orient Overseas (International) Limited, thanked everyone who had contributed to the success of the newbuilding and highlighted the importance of the new mega vessels to OOCL.
Ocean Rig Updates on Financing, Newbuildings & Contracts
The Company announced that it has signed a supplemental agreement to amend certain provisions in its $1.35b Senior Secured Facility dated February 28, 2013. “We…
DryShips: Ocean Rig Financing, Fleet and Contract Developments
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargos, through its majority owned subsidiary, Ocean Rig UDW Inc., an…
FLEX LNG & SHI Make Peace: LNG Carriers on Order
FLEX LNG announce they have executed a binding and final settlement agreement with shipbuilders Samsung Heavy Industries: arbitration proceedings have been discontinued…
Huisman Contracted for Huge Leg Encircling Crane
Huisman, a worldwide specialist in lifting, drilling and subsea solutions, has secured a new contract for the delivery of a 1,500mt @ 32m Leg Encircling Crane, reportedly the largest of its kind, for Seajacks new offshore wind farm installation vessel Scylla. The contract for the 1,500mt crane was awarded to Huisman by the South Korean shipyard Samsung Heavy Industries, who received the order to build…
Latest Global Shipbuilding Orders
The focus this week being on the Ultramax and Handysize sectors. It was reported this week that that d’Amico Ireland Ltd have placed an order for four firm 64…
GasLog Marks Up a Good Q2 2013 Financial Result
GasLog Ltd. an international owner, operator and manager of liquefied natural gas (LNG) carriers, report its financial results for the quarter ended June 30, 2013. Contracted 2 LNG newbuildings at Samsung Heavy Industries for delivery in 2016. Vessels chartered out to BG Group for minimum 7 years with charterer’s option to extend. Delivery of GasLog Sydney in May and GasLog Skagen in July ahead of schedule with concurrent delivery to the charterer.
GasLog Order More LNG Carriers & Fix Charters
GasLog has ordered two new 174,000 cbm Tri-Fuel Diesel Electric LNG carriers from Samsung Heavy Industries Co., Ltd. in South Korea. The vessels are expected to be delivered in Q3 and Q4 2016, respectively, and upon delivery will commence firm seven-year charters with a subsidiary of BG Group plc. The company explains that due to the benefits accrued from building a series of ships, these vessels will have a lower delivered cost than the 2 vessels ordered in February…
New OOCL Mega-Container Ship Chartered Out
The new 13,208 TEU container ship commissioned by OOCL from has been christened 'NYK Hermes' at Samsung's Geoje, South Korea, shipyard. The new ship is the sixth…
