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LNG Carriers, Drillship Orders Increase in Korea Yard
Easing of the Eurozone sovereign debt problems, increased issue of drilling permits in the Gulf of Mexico and growing demand for drillships in Latin America and West Africa have combined to give Samsung Heavy Industries the best order growth visibility among the “Big Three” – Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering. Already, Samsung Heavy Industries has achieved 38 percent of its annual order guidance or $3.8 billion…
Drydocks World to Build World’s Largest Turret
Dubai - Drydocks World, international player in ship repair and rig upgrade, conversion and new building, announced today that it will build the world’s largest turret…
Samsung Heavy Industries Building Two Golar LNG Carriers
Golar LNG Limited announces that the Company has entered into firm contracts with Samsung Heavy Industries Co. Ltd for a further two LNG carriers. The two additional vessels, each with a capacity of 160,000cbm have a combined total cost of slightly above $400 million. The first of the carriers is scheduled for delivery in the second quarter of 2014 and the second in early 2015. Subject to declaration deadlines, each contract also comes with an option for a further carrier for 2015 delivery.
Report: Euronav Cancels Suezmax Contract
Euronav NV (EURN) canceled an order for a suezmax tanker to preserve cash following six quarters of unprofitable rates for its biggest vessels, according to a Bloomberg report.
Milbank Leads in $692 Million Drillship Deal
Milbank Represents Group of International Lenders in $692 Million Financing for New Deep Sea Drilling Ship Purchased by Brazil’s Schahin Group. Black Diamond 1 to…
Hamworthy Nets Contract for 21 IG systems
Hamworthy to install inert gas systems on 21 LNG carriers under construction in South Korea. Hamworthy has underscored its position as the world’s leading supplier of inert gas systems by winning contracts to install its technology on 21 LNG carriers under construction in South Korea. The contracts have been secured with Norwegian owners Golar, AWILCO and Höegh LNG, and Greek owners MaranGas and Thenamaris.
Wärtsilä: License Agreement Extension with Korean Partner
Wärtsilä and its Korean partner, Doosan Engine Co. Ltd, a member of the Doosan Group, have signed a 10-year extension to the licensing agreement to build Wärtsilä low-speed engines.
NAT: Newbuilding Suezmax Tanker Delivered
Nordic American Tankers Limited (NAT) has taken delivery of its second suezmax newbuilding tanker of 158,000 deadweight tons built at Samsung Heavy Industries Co., Ltd., South Korea.
Suezmax Tanker Delivered to Nordic American
Newbuilding Suezmax Tanker Delivered to Nordic American - Bolstering the Dividend and Earnings Capacity and Increasing the Fleet to 20 Vessels. Nordic American Tankers…
Big Rig Orders to Noreq
During recent weeks, Noreq has been awarded several major contracts with Asian yards. Both Korea and Singapore is growing to be very important markets for Noreq. Some weeks back it was made official that Noreq was awarded the contract for Lifeboat packages for Maersk drillships being built with Samsung Heavy Industries in Korea. This week, even more rig orders have been landed by Noreq. At Jurong Shipyard in Singapore…
SHI Awards Noreq Largest Ever Contract
Noreq won the contract for Lifeboats, davits, Fast Rescue Boat and Rescue boat davit for the six drill ships Maersk Drilling are building with Samsung Heavy Industries in South Korea. The contract is valid for all drill ships and is consisting of 6pcs 80-persons lifeboats together with belonging davit and one fast rescue boat with davit for each ship. Thus a total of 36 lifeboats and davits are ordered all together. This makes this contract the largest in Noreq history.
Containership Orders Increase
Containership orders are increasing at a dramatic rate, analysis from Braemar’s Seascope’s research division has revealed. Figures show that since the beginning of this year 52 containerships of 10…
Fairmount Helps Position FPSO Skarv Idun
Fairmount Marine’s powerful tugs Fairmount Sherpa and Fairmount Summit have towed FPSO Skarv Idun to the field in the northern Norwegian Sea after it was completed and prepared in Norway.
Hamworthy to Open New Service Center in Brazil
International fluid handling specialist Hamworthy is to open a new dedicated service centre in Brazil. The new service center represents a direct investment in a…
ABB Wins Marine Orders Worth $200 Million in Asia
Energy efficient automation and reliable power for 24 vessels for oil and gas industry. Zurich, Switzerland, August 15, 2011 – ABB, the leading power and automation technology group…
SeaRiver Maritime: LOI to Build Two Tankers
Aker Philadelphia Shipyard ASA (Oslo: AKPS) announced that its sole operating subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has signed a Letter of Intent with SeaRiver Maritime, Inc.
Giant Containership CSCL Star Maiden Red Sea Call
Newly opened Red Sea Gateway Terminal (RSGT), Jeddah Islamic Port’s flagship terminal, received the world’s largest containership vessel CSCL Star on its first Red…
Dryships to Construct 7th Generation UDW Drillship
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services…
Teekay Offshore Signs Brazil Shuttle Tanker Contract
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) TOO -0.92% , announced today that it has entered…
Hyundai, Samsung Clash in Drillship Market
According to a report from the Korean Herald, the competition in the market for drillships is heating up with Hyundai Heavy Industries Co. threatening Samsung Heavy Industries Co.’s dominance.
