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China's Shipbuilding Strives for Top Spot
According to reports, China strives to become the world's largest shipbuilder. Last year China maintained its position as the world's third-biggest shipbuilder,…
Korean Firms Win Qatar LNG Carrier Contracts
The Samsung Heavy Industries Co., has won a $1.14b deal to build four liquefied natural gas (LNG) carriers. The deal from Qatar Gas Transport Co. Ltd. calls for…
Neptune LNG Project Secures Deep Water Port License
MarAd has decided to issue a deepwater port license to SUEZ Energy North America's subsidiary, Neptune LNG LLC to build, own, and operate the Neptune offshore LNG delivery system in Massachusetts Bay.
Samsung Heavy Expects Fewer Ship Orders
Samsung Heavy Industries said that orders this year for its vessels and offshore platforms may fall as much as 21 percent as demand weakens from three consecutive years of records, Bloomberg reported.
$630m Drill Ship is Korea's Most Expensive Ship
The most expensive ship among the orders Korean shipbuilders have won this year is a $630m drill ship. Samsung Heavy Industries won a contract from Sweden in October to build the 97…
Samsung Heavy to Double Steel Purchases From China
Samsung Heavy Industries Co. The company will rely on China next year for 21 percent of the 5 mm to 20 mm thick slabs used to make vessel hulls, compared with nine percent in 2006.
Biggest Shipyards May Keep High Prices to Counter Costs
Bloomberg reported that Hyundai Heavy Industries Co. and other shipbuilding companies may succeed in keeping vessel prices at record highs for a third year as they…
Samsung Heavy to Double Steel Purchases From China
According to Bloomberg Samsung Heavy Industries Co. will more than double purchases of steel plate from China next year because it can't get enough from suppliers in South Korea and Japan.
Stena Atlantica to be Named in Dubai
The ice-classed oil tanker, Stena Atlantica, will be named in Dubai. The vessel has been built in compliance with Swedish/Finnish Ice Class notation 1 A, meaning…
S. Korea's Shipbuilders Exceed $30b
According to Korea Herald, South Korea's top three shipyards won stronger-than-expected shipbuilding orders worth over US$30 billion in the first 11 months of the year on strong contracts…
LNG Under Construction by Samsung Heavy Industries
Araldite LNG adhesives from Huntsman Advanced Materials are being employed by shipyards, including Samsung Heavy Industries in the construction of a new LNG ship.
Association Says Korean Shipyards to Stay Ahead with Offshore Facilities
Shipyards of South Korea, are set to make efforts to develop offshore facilities in a bid to stay ahead of the field despite hot pursuit from rivals in Japan and China, an industry association said.
Seaspan Announces Delivery of New Vessel
Seaspan Corporation announced the delivery of its 20th vessel, the Santos Express. The 4250 TEU vessel, which was built by Samsung Heavy Industries Co. Ltd., was…
Euronav Records Good 3Q Results
The executive committee of Euronav NV reported its provisional financial results for the three months ended 30th September 2006. The company had net income of $53.8m…
Samsung Records LNG Order
Qatar Gas transport Company (Nakilat) has placed order for another Q-Max LNG carrier, the largest liquefied natural gas tanker in operation, according to a report on www.gulf-times.com.
MMHE Now Has LNG Drydocking And Refurbishment Capability
Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly-owned subsidiary of MISC Bhd, has successfully completed a post gas trial inspection and final docking…
S. Korea's Shipbuilding Orders Hit High
Combined orders received by South Korea's shipbuilders reached a record $12.4b in the third quarter of the year, reports said. The tally represents a 106.4 percent gain as measured in dollars…
First RasGas LNG Delivery Arrives in Mexico
Ras Laffan Liquefied Natural Gas Company Limited (RasGas) made its first delivery of liquefied natural gas (LNG) from the shores of Qatar to Mexico on October 8.
Daewoo Raises Order Goal
According to Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the world's second-largest shipyard, raised its target for new orders this year to a record…
Qatar Gas Transport to Add to Fleet
According to Forbes, Qatar Gas Transport Co said it will lease 10 South Korean-built liquefied natural gas (LNG) carriers, bringing the size of its carrier fleet to 16.