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South Korea Shipyard Stocks Surge
According to a report from Bloomberg, Hyundai Heavy Industries Co. (009540 KS) surged 11% percent after receiving an order for two LNG ships Dynagas Ltd. of Greece, Samsung Heavy Industries Co.
Golar LNG Q1 Results 2011
Golar secures charters for its 4 modern vessels of between 12 and 18 months. In April 2011, Golar LNG acquired shares in subsidiary company Golar LNG Energy Limited via private placement share swaps and cash purchases that increased its ownership to 95.1%. A voluntary offer has subsequently been made for the balance of the outstanding shares of Golar LNG Energy Limited and Golar LNG currently owns 99.4 % of the shares.
Technip Samsung Consortium Begins Shell’s FLNG Facility
Shell Development (Australia) Pty Ltd (Shell) has given notice to a Technip Samsung Consortium (TSC) to proceed with the construction of the first floating liquefied natural gas (FLNG) facility in the world. TSC will provide engineering, procurement, construction and installation for the FLNG facility Shell will deploy at its Prelude gas field off the northwest coast of Australia. Moored far out at sea…
Contract Awarded for Construction of Valemon Deck
Statoil is to choose Samsung Heavy Industries for construction of the topsides for the Valemon platform. The contract is worth an estimated NOK 2.3 billion. The award has taken place in wide-ranging international competition among pre-qualified suppliers. “We’ve awarded the assignment to build the Valemon topsides to Samsung Heavy Industries,” says Jon Arnt Jacobsen, chief procurement officer in Statoil. “We have good experience with this supplier which also has a good track record in HSE.
Dryships Inc. Reports Financial And Operating Results
DryShips Inc. (NASDAQ: DRYS), or the Company, a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, today announced its unaudited financial and operating results for the first quarter ended March 31, 2011. * On May 12, 2011, the Company was awarded contracts for…
Dryships Announces Signing to Construct UDW Drillships
ATHENS, GREECE – April 29, 2011 - DryShips Inc. (NASDAQ: DRYS) (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced the signing, by its majority-owned subsidiary Ocean Rig UDW Inc. (“Ocean Rig”), of the previously announced restructuring of its $1.1 billion Secured Term Loan Facility led by Deutsche Bank.
GOLAR LNG LIMITED - Further New Building LNG Carriers
Golar LNG Limited ("Golar" or the "Company") is pleased to announce in furtherance of its recent press release regarding new buildings, that it has acquired further firm contracts to build two additional 160,000 m3 LNG carriers with the Korean shipbuilder Samsung Heavy Industries Co Ltd ("Samsung"). The newbuilding contracts were originally entered into by Companies affiliated with Golar's largest shareholder World Shipholding.
Golar LNG Signs Deal for 4 LNG Ships
Golar LNG Limited is pleased to announce that it has entered into a firm contract to build four 160,000 m3 LNG carrriers with the Korean shipbuilder Samsung Heavy Industries Co Ltd ("Samsung"). The newbuilding contracts were originally entered into by Companies affiliated with Golar's largest shareholder World Shipholding. Golar has acquired the newbuilding contracts from the affiliated party based on the original contracting terms.
Samsung Heavy $1.2B LNG Ship Orders
According to a report from Bloomberg, Seoul-based Samsung Heavy Industries Co. received orders to build six liquefied natural gas carriers worth a total $1.2b as demand for the fuel surges…
EURONAV NV Announces Final Year Results 2010
The time charter party of the Cap Victor (2007 -158,853 dwt) with BP and the time charter party of the Fraternity (2009 – 157,714 dwt) with Vitol have been extended with 24 and 12 months respectively. On 10 February 2010, the company took delivery of the newbuilding Suezmax Eugenie (2010 – 157,677 dwt) from Samsung Heavy Industries, Koje Island, South Korea. The vessel, which is owned 50%-50% in joint venture with JM Maritime, is being operated on the spot market.
S Korea Won Up, $816M Shipbuilding Order
According to a report from The Wall Street Journal the South Korean won rose against the dollar, buoyed by news that shipbuilder Samsung Heavy Industries (010140.SE)…
BG’s LNG Carrier Series Complete
The ABS-classed Methane Mickie Harper, a 170,000 m3 liquefied natural gas (LNG) carrier for BG Group built at Samsung Heavy Industries, Co. Ltd., was recently named…
JRC Receives Samsung-Q Mark Gold Award
Samsung Heavy Industries (SHI), a shipbuilding company from Korea, has awarded Japan Radio Company (JRC), the Samsung-Q Mark Gold award. In 2011 JRC was chosen as a manufacturer of radio & navigation equipment of the highest quality. In 2002 SHI started this program to achieve the highest rate of customer satisfaction. Since the start of the program, JRC has received consecutively in 2002, 2005 and 2008 the Samsung-Q Mark Silver award and this year received the highest Samsung-Q Mark Gold award.
ABS Supports Shell's Olympus TLP Acting as CVA
ABS has been named the design certified verification agent (CVA) for the Shell Olympus TLP, intended for installation on the Mars B field in the Gulf of Mexico's (GOM's) deepwater.
S.Korean Shipbuilder’s Anti-Piracy System
According to a report from AFP, South Korea's Samsung Heavy Industries has rolled out a system to help ships detect and fend off pirates, after the recent hijacking…
DryShips Takes Delivery of First Newbuilding Drillship
DryShips Inc. (NASDAQ: DRYS) announced that its 78% owned subsidiary Ocean Rig UDW Inc. took delivery of its newbuilding drillship, the Ocean Rig Corcovado. The…
Samsung Sets Sights on Macedonian Wind Farm
According to a report from The Guardian, South Korean industrial giants target booming East European renewables market. Samsung Heavy Industries (SHI), South Korea's third largest shipbuilder…
Pride International. to Construct More Deepwater Drillships
Pride International, Inc. (NYSE: PDE) announced that the company has reached agreement with Samsung Heavy Industries, Ltd. (SHI) for the construction of a fifth ultra-deepwater drillship…
Dryships $325M Bridge Loan Facility
DryShips Inc. (NASDAQ: DRYS) announced that its subsidiary, Drillships Hydra Owners (the owning company of the Ocean Rig Corcovado), has signed a commitment letter…
Pride's Deep Ocean Clarion Delivered
Pride International recently dedicated its ABS-classed deepwater drillship Deep Ocean Clarion at Samsung Heavy Industries Shipyard in Geoje, South Korea. This is the second of four new drillships for the deepwater drilling contractor. Its sister ship, the ABS-classed Deep Ocean Ascension was delivered in February 2010 and has been deployed to the Gulf of Mexico. The 96,000 dwt Deep Ocean Clarion is capable of dual drilling activity and can drill in water depths of up to 12,000 feet.
