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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.
Wärtsilä's Tier III Gas Engines for Large LNG Carrier
Wärtsilä has been selected to supply its flexible gas propulsion solution for a series of new LNG carriers to be built at the Samsung Heavy Industries shipyard in South Korea. The selection of Wärtsilä gas engines is indicative of the current emphasis by owners on the latest technology, and a growing environmental commitment to reducing fuel consumption and lowering emissions. By installing the Wärtsilä 50DF engines…
Samsung Heavy $630M Orders for Tankers, Offshore Platform
Samsung Heavy Industries Co., South Korea's third-largest shipbuilder, said it has won orders worth a combined $630m for five oil tankers and an offshore. Under the deal with a Norwegian customer…
Pride International Dedicates Drillship
Pride International, Inc. (NYSE: PDE) announced the dedication of the second of its four new deepwater drillships under construction by Samsung Heavy Industries in South Korea, the Deep Ocean Clarion.
Nordic American Tanker Q2 2010 Report
Nordic American Tanker Shipping Ltd. (NAT) announced that the dividend for 2Q10 was $0.60 per share which is the same as for 1Q10. At a time when several shipping companies produce negative results…
S. Korean Yards: Orders Up Significantly
South Korea trailed China in terms of new shipbuilding orders in the first half of this year as local yards were unable to meet cheap prices offered by Chinese rivals…
Brazil Shipbuilding: A Forecast
The rise and fall of the Brazilian shipbuilding market is well-known, having plummeted from the top of the world list in the early 1980s to the bottom by 1999. Today…
Evergreen Group Orders Ten 8000 TEU vessels
Evergreen Group has placed orders with Samsung Heavy Industries Co., Ltd in Taipei for ten 8,000-TEU L-class environmentally advanced container vessels. The first…
SHI Inks Orders for 5 Ships at Posidonia
Samsung Heavy Industries (SHI) apparently found no troubles in Greece this year, as the company reports inking a deal for five ships at Posidonia 2010, meaning its…
MISC Unit Buys 4 Tankers
MISC Bhd said its wholly-owned unit, AET Inc Ltd, signed a contract with Samsung Heavy Industries for the purchase of four new 158,500-dwt Suezmax tankers at a cost of $67.8m each…