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Maersk Drilling Name First Ultra-Deepwater Drillship
![Maersk Viking: Photo credit Maersk Drilling](https://images.marinelink.com/images/maritime/w200h200c/maersk-viking-photo-credit-maersk-18921.jpg)
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 naming ceremony: Photo credit OOCL](https://images.marinelink.com/images/maritime/w200h200c/oocl-bangkok-naming-ceremony-photo-17563.jpg)
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
![Scylla](https://images.marinelink.com/images/maritime/w200h200c/scylla-17295.jpg)
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
![Image courtesy of GasLog](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-of-gaslog-17167.jpg)
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 Singapore: Photo credit GasLog](https://images.marinelink.com/images/maritime/w200h200c/gaslog-singapore-photo-credit-gaslog-17086.jpg)
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…
SHI Gives Wärtsilä "Excellent Partner" Award
![Caption: From left Mr Jong Ha Song General Manager, Wärtsilä Korea sales, Mr Matias Karls, General Manager, Wärtsilä sales, Mr J.H Lee, General Manager, Mr W.Y Park Senior Manager and Mr H.S Min, Manager Samsung Purchasing](https://images.marinelink.com/images/maritime/w200h200c/caption-from-left-mr-jong-16576.jpg)
Samsung Heavy Industries (SHI) of Korea formally recognized Wärtsilä's contribution as a provider of high quality solutions and support by giving Wärtsilä its 'Excellent Partner 2013' award. A number of different suppliers to SHI were considered for the award, which is given in recognition of excellent performance in delivering high quality products and solutions on time, with complementary world class engineering…
Seadrill Ultra-deepwater Newbuilding Contracted to Chevron
Seadrill secures commitment for newbuild ultra-deepwater unit 'West Tellus'. The company has signed a contract with Chevron China Energy Company for the newbuild…
Hong Kong's OOCL Name Korea-built Mega-Containership
![OOCL Naming Ceremony: Photo credit OOCL](https://images.marinelink.com/images/maritime/w200h200c/oocl-naming-ceremony-photo-credit-16114.jpg)
The 13,208 TEU containership was christened 'OOCL Chongqing' at a ceremony in the Samsung Heavy Industries shipyard on Geoje Island, South Korea. The OOCL Chongqing will be serving the Asia-Europe trade on the Loop 5 service where her port rotation is: Kwangyang / Busan / Shanghai / Ningbo / Yantian / Shekou / Singapore / Suez Canal / Rotterdam / Hamburg / Southampton / Suez Canal / Singapore and back to Kwangyang in a 77-day round trip. Among distinguished guests was the vessel Sponsor Mr.
$195 Million Bond Refinancing of LNG Tanker
Milbank represented Meridian Spirit ApS, as issuer, in a $195 million bond refinancing for its liquefied natural gas (LNG) tanker vessel, the Meridian Spirit. Meridian…
Korea Yards to Build Scorpio LPG Tankships
![Image courtesy of Scorpio Tankers](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-of-scorpio-tankers-16095.jpg)
Scorpio Tankers signs agreements with two S. Korea shipyards to construct a minimum of 5 & up to 10 LPG tankships, Scorpio's first venture into this specialised market. Emanuele Lauro, chief executive officer and chairman of the board, commented, "We are excited about our entry into LPG which we have long considered an extension of the product market. With common customers, shipbuilders, and trade lanes, and offsetting seasonal swings, the product tanker and LPG markets are highly complementary.
Triple Containership Naming in Korea Shipyard
![Evergreen Triple Naming Ceremony: Photo credit Evergreen Line](https://images.marinelink.com/images/maritime/w200h200c/evergreen-triple-naming-ceremony-photo-16045.jpg)
Evergreen Line's latest three L-type vessels, numbers 12, 13 and 14 in the series have been named 'Ever Legend', 'Ever Learned' and 'Ever Legion'. The christening ceremony was officiated by S.S. Lin, the Evergreen Group's First Vice Group Chairman, at the Samsung Heavy Industries shipyard in Korea.The official rope-cuttings of the new 8,452-TEU vessels were performed by Ms. Chung, Teh-Mei, (Chief Executive Director of Chang Yung-Fa Foundation), Ms.
Offshore Wind Spend to Average $21B per year
Douglas-Westwood (DW) forecast offshore wind installations averaging 3.2 GW per year over the next ten years with capital expenditure hitting a peak of $24.1B in 2016.
Clean Marine to Supply EGCS for Samsung Heavy
![Photo: Clean Marine AS](https://images.marinelink.com/images/maritime/w200h200c/photo-clean-marine-as-15557.jpg)
Clean Marine AS has been selected by Samsung Heavy Industries in South Korea to supply Exhaust Gas Cleaning Systems (EGCS) for two new shuttle tankers being built for AET. The order will enable the new AET vessels to comply with future legislation relating to sulphur emissions without switching to more expensive fuels. AET is a global owner and operator of a high quality fleet of 83 modern petroleum tankers.
Seajacks Orders Giant Wind Farm Installation Vessel
![Seajacks Scylla: Image courtesy of Seajacks](https://images.marinelink.com/images/maritime/w200h200c/seajacks-scylla-image-courtesy-of-15544.jpg)
Seajacks International contract Samsung Heavy Industries to build what they claim to be the world’s largest and most advanced offshore wind farm installation vessel. The vessel has been specifically designed to meet the demands associated with working UK Round 3, Scottish territorial waters and the other North West European markets. Seajacks also has options for the construction of an additional two units. The new construction vessel will be delivered in the second half of 2015.