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SHI Gives Wärtsilä "Excellent Partner" Award
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
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
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 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 $24.1B in 2016.
Clean Marine to Supply EGCS for Samsung Heavy
Clean Marine AS has been selected by Samsung Heavy Industries in South Korea to supply Exhaust Gas Cleaning Systems (EGCS) for two new shuttle tankers being built for AET. The order will enable the new AET vessels to comply with future legislation relating to sulphur emissions without switching to more expensive fuels. AET is a global owner and operator of a high quality fleet of 83 modern petroleum tankers.
Seajacks Orders Giant Wind Farm Installation Vessel
Seajacks International contract Samsung Heavy Industries to build what they claim to be the world’s largest and most advanced offshore wind farm installation vessel. The vessel has been specifically designed to meet the demands associated with working UK Round 3, Scottish territorial waters and the other North West European markets. Seajacks also has options for the construction of an additional two units. The new construction vessel will be delivered in the second half of 2015.
Deepwater Market Surge Spurs Ensco Drillship Order
UK-based Ensco has ordered an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-10, will…
Scorpio Tankers Continue Spending Spree
Scorpio Tankers Inc. announces 16 newbuilding agreements and US$ 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 million…
LNG Carrier Contracts ABB for $40 million
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 155…
Keel Laid for World's First FLNG Project
Shell has laid the keel for 'Prelude FLNG', the world’s 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 Industries’ Geoje shipyard in South Korea. “This is a key milestone in Prelude’s story,” said Rob Kretzers, Shell Executive Vice President Projects.
Boston to Host AVEVA World Summit 2013
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 world’s process plant, power and marine industries are invited to the Summit, which is once again being held as a single global event. “Responding to delegate input, we have evolved the Summit to include dedicated agendas for plant Owner Operators, EPCs and shipbuilders” explained Mat Truche-Gordon…
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 that…
Deepwater Drillship Chartered Before Delivery
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
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 schedule…
Shipbuilding: DDW's Future is Bright
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 China’s Paxocean, thus leaving DDW is a much better state and looking forward to a better future.
