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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…
Hyundai Heavy Leads Gains Among Korean Yards
According to a June 21 report from Bloomberg, Hyundai Heavy Industries Co., the world’s largest shipbuilder, led advances among shipyards in Seoul trading on expectations…
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 nation’s history, may spur oil companies…
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 Gloucester…
IHC Engineering’s 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)…
Shipbuilding Orders to Surge on Energy Demand
According to a May 17 report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipyard by orders, aims to almost triple contracts…
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.…
ABS New Council and Committee Members
Melvyn J. Dennett, Admanthos Shipping Agency, Inc. Jim Bradford, General Manager – 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 shipyard…
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 development…
Alfa Laval’s 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 next…
