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ABB Main Electrical Contractor for Ichthys Offshore Project
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 demonstrated…
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. FLEX…
Gulf Energy Maritime Expands; adds Aframax
Delivery of second Aframax Vessel cements GEM’s 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 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 fleet…
Second Aframax Tanker Delivered to Gulf Energy Maritime
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 vessel’s financing. The delivery of GEM’s second Aframax…
Suezmax Tankship Named in Korean Shipyard
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 “The seven sisters”, with each representing an investment of just under SEK 500 million.
New LNG Carrier Delivered to GasLog
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 the…
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 December…
SHI to Build Eighth Drillship for Pacific Drilling
Pacific Drilling exercises contract option for Samsung Heavy Industries to construct another Ultra-Deepwater Drillship. The drillship will have a rated water depth of 12…
DNV to Cooperate with Korea Gas Corporation
DNV and Korea Gas Corporation (KOGAS), Korea’s national gas company, has entered into an agreement to cooperate on a feasibility study on the establishment of an LNG bunkering infrastructure in Korea.
Nordic American Tankers Mull Expansion Plans
Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand. The company's Board of Directors has declared a dividend…
Dryships Reports Sale
DryShips Inc., an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc.…
LNG-FSRU Vessel: BW Place Samsung Contract
BW Maritime inks contract with Samsung Heavy Industries for BW’s first Liquefied Natural Gas Floating Storage Regasification Unit (LNG-FSRU). Expected to be delivered in 2015, it will be the latest addition to BW's fleet of 16 LNG carriers, building on and increasing its existing LNG expertise. This vessel and floating terminal will be able to receive and convert LNG into its gaseous form for offloading via pipelines, to gas facilities on-shore.
Gearing Up For U.S. Offshore Wind Power
Next year, developers hope to start building offshore wind turbines in the U.S., which is already a leader in on-land wind generation. As turbines spin off the coast in a dozen other countries, particularly the UK, Denmark, the Netherlands and Germany, global offshore wind capacity has expanded nearly six-fold since 2006. Most of these installations are in shallow water though winds are stronger out further. If the U.S.
Naming Ceremony Held in Korea for Ever Leader
Evergreen's Eighth New 8,452-TEU Ship Christened. Ever Leader, the eighth L-type containership of Evergreen Line, was christened by Bronson Hsieh, the Evergreen Group's Second Vice Group Chairman…
Pacific Drilling Extends Utra-Deepwater Drillship Option
Pacific Drilling S.A. agrees with Samsung Heavy Industries to extend an option to construct an eighth ultra-deepwater drillship. The contractual option has been extended until January 18…
Korea's Big Three Shipbuilders on Bumpy Road
Recent studies by Korea's International Trade Association & Hyundai Research Institute see major exporters facing a tough year ahead. The International Trade Association…
SHI Offshore Projects Use Intergraph SmartMarine 3D
Korean shipbuilder Samsung Heavy Industries extends application of next-generation 3D engineering technology to its offshore projects. SHI has been a longtime user of the industry-leading solution…
Pacific Drilling Charters Out 'Pacific Khamsin'
Pacific Drilling's ultra-deepwater drillship the 'Pacific Khamsin' contracted by a subsidiary of Chevron Corporation for operations in West Africa. The minimum duration…
