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Hyundai Heavy Leads Gains Among Korean Yards
According to a June 21 report from Bloomberg, Hyundai Heavy Industries Co., the worldâs largest shipbuilder, led advances among shipyards in Seoul trading on expectationsâŚ
BP Spill Opportunity in Disguise for Rig Builders
According to a June 14 report from Bloomberg, heightened U.S. scrutiny of offshore drilling after the BP spill, the worst in the nationâs history, may spur oil companiesâŚ
MOL Delivers Shuttle and Regasification Vessel
The second shuttle and regasification vessel (SRV) co-owned by Höegh LNG and Mitsui O.S.K. Lines, Ltd. was completed at Samsung Heavy Industries in South Korea and delivered to the GDF Suez group on June 1, 2010. It will serve on a long-term charter contract between the parties. GDF Suez Cape Ann is the second of two SRVs that were constructed to provide LNG transportation services to the Neptune LNG Deep Water Port off the coast of GloucesterâŚ
IHC Engineeringâs Largest Project to Date
On May 31, IHC Engineering Business (EB) will reach a major milestone when their largest project to date, a 2,000t capacity J-Lay system for the Saipem FDS2 (Field Development Ship)âŚ
Shipbuilding Orders to Surge on Energy Demand
According to a May 17 report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the worldâs second-largest shipyard by orders, aims to almost triple contractsâŚ
Korean Shipbuilding Faces Tough Future
According to a May 12 report from The Korean Times, Korean Shipbuilding companies face a tough future. In the 2000s, the shipbuilding business was a cash cow for Korea Inc.âŚ
ABS New Council and Committee Members
Melvyn J. Dennett, Admanthos Shipping Agency, Inc. Jim Bradford, General Manager â Operations, Gulf Offshore N.S. Dr. William J. Dr. David W. Costas M. Fostiropoulos, Chairman, Almi Tankers S.A. Dr.
NAT Increases Fleet to 20 Vessels
Nordic American Tanker Shipping Limited announced that it has entered into a preliminary agreement with Samsung Heavy Industries Co., Ltd., a leading Korean shipyardâŚ
Samsung Heavy to Secure 1,000 More Patents
According to an April 7 report from The Dong-A Ilbo, Samsung Heavy Industries said it will acquire about 1,000 more patents by investing $445m in the developmentâŚ
Alfa Lavalâs PureBallast for Australian Navy
Alfa Laval has sold more than thirty PureBallast systems in the last year. One of the most prominent orders is one that involves two PureBallast systems for the Royal Australian Navy. The two Australian systems, which will be the first PureBallast installations for naval use, will be fitted aboard the Australian LHD (Landing Helicopter Dock) vessels to be built by Spanish shipyard Navantia Ferrol.
Agreement to Develop Gas-Fueled Ships
Wärtsilä and Samsung Heavy Industries (SHI) have signed a co-operation agreement to develop gas-fuelled merchant vessels. The intention is to jointly develop nextâŚ
Prelude Floating LNG Facility
Shell signed two contracts with the Technip and Samsung Heavy Industries consortium for the Prelude floating liquefied natural gas (LNG) project off the coast of Western Australia.
MAN B&W Tier-II Engine Ready for Delivery
The first Tier-II compliant MAN B&W engine has finished production at HHI-EMD (Hyundai Heavy Industries Engine & Machinery Division) in Korea and is ready for delivery. The low-speed, two-stroke MAN B&W 6S50ME-C7 type engine will power a shuttle tanker (hull number 1749), currently under construction by Samsung Heavy Industries Co., Ltd., and ordered by Teekay, global provider of marine services to the oil and gas industry. Ship delivery is planned for July this year.
Delivery GDF Suez Neptune
The first shuttle and regasification vessel (SRV) co-owned by Höegh LNG and Mitsui O.S.K. Lines, Ltd. (MOL) was completed at Samsung Heavy Industries in South Korea, and was delivered to the GDF Suez group on November 30, 2009. It will serve on a long-term charter contract between the parties. GDF Suez Neptune is the first of two SRVs which was constructed in order to provide LNG transportation services to the Neptune LNG Deep Water Port off the coast of Gloucester, Massachusetts, U.S.
Dresser-Rand Selected Supplies UA Shipping Co.
The United Arab Shipping Company has selected Dresser-Rand Company Limited, a subsidiary of Dresser-Rand Group Inc. (NYSE:DRC) , to supply turbo-compound energyâŚ
Siemens Supplies UASC Newbuilds
The United Arab Shipping Company (UASC), U.A.E., commissioned the Siemens Industry Solutions Division to equip nine of its new-building container ships each withâŚ
SNAME Focused Panel Sessions, 2009 Meeting
The focused panel sessions at the Society of Naval Architects and Engineers (SNAME) Annual Meeting and Expo (October 21-23 at the Rhode Island Convention Center in ProvidenceâŚ
Floating LNG Contracts to Technip, Samsung
Shell Gas & Power Developments BV signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years. Shell and Technip-Samsung also signed a contract for execution of the front end engineering and design (FEED) for Shell's 3.5 million tonne per annum (mtpa) FLNG solution.
Shell Signs Mega FLNG Deal
Shell Gas & Power Developments BV (Shell) signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years, the company reported. Shell and Technip-Samsung also signed a contract for execution of the front end engineering and design (FEED) for Shell's 3.5 million ton per annum (mtpa) FLNG solution.
Shipbuilders Rally as Hope Builds
Shipbuilder stocks in Korea rallied today, apparently fueled on hopes the shipbuilding industry had hit bottom in the second quarter and that demand for new vesselsâŚ