MarineLink News Search
Search term • Samsung Heavy Industries
Create an email alert for Samsung Heavy Industries
Deepwater Market Surge Spurs Ensco Drillship Order
UK-based Ensco has ordered an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-10, willā¦
Scorpio Tankers Continue Spending Spree
![Scorpio Tankship: Photo courtesy of Scorpio Tankers](https://images.marinelink.com/images/maritime/w200h200c/scorpio-tankship-photo-courtesy-of-15230.jpg)
Scorpio Tankers Inc. announces 16 newbuilding agreements and US$ 525-million in commitments to its 2013 Credit Facility. The company has reached agreements with five shipyards in Korea to construct 16 newbuilding vessels consisting of eight LR2, four MR, and four Handymax ice class-1A product tankers. In addition, the Company announced that syndication of the Company's previously announced $267 millionā¦
LNG Carrier Contracts ABB for $40 million
![LNG Carrier: Image courtesy of ABB](https://images.marinelink.com/images/maritime/w200h200c/lng-carrier-image-courtesy-of-15229.jpg)
ABB contracted to provide energy-efficient and environmental friendly solution for four LNG vessels to be built in Korea. Total orders in the first quarter of 2013 landed by ABB, worth close to $40 million, came from three gas transportation industry players and are for the supply of power and electric propulsion equipment for LNG vessels to be built in South Korea. ABB will supply its propulsion plant to work in combination with a duel fuel diesel engine plant on board a 155ā¦
Keel Laid for World's First FLNG Project
![Prelude Keel-lay ceremonyL Photo credit Shell](https://images.marinelink.com/images/maritime/w200h200c/prelude-keellay-ceremonyl-photo-credit-14594.jpg)
Shell has laid the keel for 'Prelude FLNG', the worldās first floating liquefied natural gas (FLNG) project. When complete, Prelude is expected to be the largest offshore floating facility ever built. The hull will now be assembled in the dry dock, before the turret and the topsides are fitted at Samsung Heavy Industriesā Geoje shipyard in South Korea. āThis is a key milestone in Preludeās story,ā said Rob Kretzers, Shell Executive Vice President Projects.
Boston to Host AVEVA World Summit 2013
![Boston to host AVEVA World Summit 2013](https://images.marinelink.com/images/maritime/w200h200c/boston-to-host-aveva-world-14567.jpg)
AVEVA announced that the AVEVA World Summit 2013 is being held from October 30 to November 1 in Boston, Massachusetts, U.S. Customers from across the worldās process plant, power and marine industries are invited to the Summit, which is once again being held as a single global event. āResponding to delegate input, we have evolved the Summit to include dedicated agendas for plant Owner Operators, EPCs and shipbuildersā explained Mat Truche-Gordonā¦
ABS Elects New Council and Committee Members
At the 151st Annual Meeting of the Members of ABS, and the subsequent meeting of the ABS Council, industry leaders were elected to serve on a number of bodies thatā¦
Deepwater Drillship Chartered Before Delivery
![A Seadrill Drillship: Photo credit Seadrill](https://images.marinelink.com/images/maritime/w200h200c/a-seadrill-drillship-photo-credit-14015.jpg)
Seadrill contracts with LLOG Bluewater Holdings, LLC, for employment of the new-build drill-ship, 'West Neptune', offshore Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates. The potential revenue for the primary contract term is approximately US$662 million. The West Neptune is expected to be delivered to Seadrill from the Samsung Heavy Industries shipyard in Geoje, South Korea, in early June 2014.
Wärtsilä to Supply FSU, Shuttle Tanker, Inert Gas Systems
![Inert Gas System Units: Photo credit WƤrtsilƤ](https://images.marinelink.com/images/maritime/w200h200c/inert-gas-system-units-photo-13959.jpg)
Wärtsilä is to supply inert gas systems for a Floating Storage Unit (FSU) on Norway's Heidrun offshore oil & gas field, and for two supporting shuttle tankers. The FSU is owned by Statoil, the Norwegian state owned energy company, and the tankers by AET Tanker Holdings, the Singapore based petroleum transportation company. All three vessels are being built by Samsung Heavy Industries (SHI) in South Korea. The Wärtsilä contract with SHI was signed in February 2013.
ABB Wins Third Ichthys FPSO Major Contract
ABB appointed main electrical contractor (MEC) for a new floating production, storage and offloading (FPSO) vessel at the Ichthys oil & gas field in the Timor Sea off Western Australia.
Tri-fuel LNG Carrier Delivered to GasLog
GasLog Ltd. announced the delivery of a new LNG carrier GasLog Santiago, from Samsung Heavy Industries. Immediately on delivery, which was on budget and ahead of scheduleā¦
Shipbuilding: DDW's Future is Bright
![](https://images.marinelink.com/images/maritime/w200h200c/-13461.jpg)
During the past two years Drydocks World (DDW) has suffered from the restraints of a financial problem following the purchase of one shipyard in Singapore and one on the Indonesian island of Batam (both former Pan United shipyards) and two more on Batam (both former Leroy shipyards). This debt has now been restructured and the management of those yards has been taken over by Chinaās Paxocean, thus leaving DDW is a much better state and looking forward to a better future.
ABB Main Electrical Contractor for Ichthys Offshore Project
![Ichtys Project: Image credit ABB](https://images.marinelink.com/images/maritime/w200h200c/ichtys-project-image-credit-abb-13400.jpg)
ABB appointed main electrical contractor for new semi-submersible central processing facility (CPF) at Ichthys oil & gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering, procurement and construction (EPC) contractor for the central processing facility, Samsung Heavy Industries. When completed in 2016 the CPF will be the largest offshore production facility in the world.
Wärtsilä to Supply Pumping Equipment for Statoil
Wärtsilä's series of pumping systems for Statoil. Wärtsilä's ability to supply a complete portfolio of solutions for the marine and offshore industry is again demonstratedā¦
Shipbuilding Order Dispute to the Tune of US$300-million
"As previously announced, FLEX LNG considers the four shipbuilding contracts and the EPCIC that were entered into with SHI in 2008, to have been abandoned. FLEXā¦
Gulf Energy Maritime Expands; adds Aframax
![](https://images.marinelink.com/images/maritime/w200h200c/-12483.jpg)
Delivery of second Aframax Vessel cements GEMās optimistic stance in oil tanker industry. Gulf Energy Maritime (GEM) continues to expand its fleet to better serve its regional and international customers with the delivery of Gulf Valour, its second Aframax vessel. After two months since the delivery of Gulf Vision, their first Aframax vessel, GEM received Gulf Valour, which was also built by Samsung Heavy Industries.
Gaslog Order Two New LNG Carriers
!['Gaslog Shanghai': Photo credit Gaslog](https://images.marinelink.com/images/maritime/w200h200c/gaslog-shanghai-photo-credit-gaslog-12475.jpg)
GasLog Ltd. orders two new 174,000 cbm Tri-Fuel Diesel Electric LNG carriers from Samsung Heavy Industries Co., Ltd. The vessels are expected to be delivered in Q1 and Q2 2016, respectively, and upon delivery will commence firm ten-year charters with a subsidiary of BG Group plc. Following the successful delivery of the GasLog Shanghai into a BG Group charter on January 29, 2013, GasLog now has a twelve-ship fully owned fleetā¦
Second Aframax Tanker Delivered to Gulf Energy Maritime
![C.H. Park, Chief Technology Officer of Samsung Heavy Industries; Ahmed Al Falahi, CEO of GEM; Captain Robert Ferguson, GEMās Head of MSEQ; and Ovijit Roy, GEMās Head of Fleet.](https://images.marinelink.com/images/maritime/w200h200c/ch-park-chief-technology-officer-12474.jpg)
Gulf Energy Maritime (GEM) continues to expand its fleet, with the delivery of Gulf Valour, its second Aframax vessel. After two months since the delivery of Gulf Vision, its first Aframax vessel, GEM received Gulf Valour, which was also built by Samsung Heavy Industries. Standard Chartered arranged a Korean Export Credit Agency (ECA) to back the vesselās financing. The delivery of GEMās second Aframaxā¦
Suezmax Tankship Named in Korean Shipyard
!['Stena Sunrise': Photo credit Stena Bulk](https://images.marinelink.com/images/maritime/w200h200c/stena-sunrise-photo-credit-stena-12395.jpg)
The last in a series of 7, the Stena Bulk tankship was named 'Stena Sunrise' at the Samsung Heavy Industries' shipyard. The Stena Sunrise is a third generation, fuel-efficient Suezmax and, like the other tankers in the series, will be employed on the spot market via Stena Sonangol Suezmax Pool. This ship is the last vessel in a series built at SHI and ordered at the beginning of 2010. Known as āThe seven sistersā, with each representing an investment of just under SEK 500 million.
New LNG Carrier Delivered to GasLog
![GasLog Shanghai: Photo credit GasLog](https://images.marinelink.com/images/maritime/w200h200c/gaslog-shanghai-photo-credit-gaslog-12349.jpg)
LNG carrier 'GasLog Shanghai' delivered on budget ahead of schedule from Samsung Heavy Industries. The vessel is a 155,000 cubic meter Tri-Fuel Diesel Electric LNG carrier that sets new standards for efficient performance and environmental protection. The vessel is classified to the ABS ENVIRO+ notation, signifying the highest level of environmental protection and energy conservation. Furthermore theā¦
SHI Profits Eroded by One-Off Costs
Samsung Heavy Industries (HII) Q4 3012 net profit fell 59% due to costs related to an oil-leakage accident in 2007. Net profit for the three months ended Decemberā¦