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Korean Shipbuilding Profits Surge
Korean shipbuilders are enjoying high financial times, powered by historically high ship prices and recent steel price reductions. Hyundai Heavy Industries Co., the world's largest shipbuilderâŚ
Qatar Orders LNG Carriers
Qatar Gas Transport Company (Nakilat) signed a contract with two South Korean shipbuilding giants to construct the world's largest liquified natural gas (LNG) carriers at a cost of $2.5b.
Daewoo Gets 690m Qatar LNG Order
According to reports, Daewoo Shipbuilding & Marine Engineering Co has secured an order worth 690m from Qatar Gas Transport Company to build three liquefied natural gas carriers.
Nakilat, Qatargas Ink $2.5b LNG Deal
Qatar Gas Transport Company (Nakilat) and Qatargas-II have signed 25-year timecharter deals to build the worldâs largest liquefied natural gas carriers at a cost of $2.5bn.
Qatar Orders Worldâs Largest LNG Ships
Qatar Gas Transport Company (Nakilat) signed a contract with two South Korean shipbuilders to construct the world's largest liquified natural gas (LNG) carriers at a cost of $2.5bnâŚ
LNG Projects Clear FERC Review
Federal Energy Regulatory Commission (FERC) staff recently said two proposed liquefied natural gas import terminals on the Mississippi coast would not significantly harm the environmentâŚ
Funding Approved for China LNG Project
Newbridge Capital LLC, one of Asia's largest private equity funds, has signed an agreement to invest up to $200m in Xinjiang Guanghui's Liquefied Natural Gas projectâŚ
Tugs Being Built for LNG Application
The booming business in the LNG market is reaching all levels of marine business, as attested by Maine's Washburn & Doughty Associates, Inc., which is currently building two 4âŚ
4,000 hp Z-Drive Tug Delivered to Crescent Towing
Bollinger Shipyards delivered Savannah, a 4,000-hp, Z-Drive tug, to Crescent Towing of New Orleans. Savannah - which measures 96 x 34 x 14.75 ft. - is Crescent Towing's 24th tug overallâŚ
New Report Finds LNG Future Bright
The new report âThe Drewry Annual LNG Shipping Market Review and Forecastâ finds one sector of shipping with a bright future. new/expanded, terminals. encouragingâŚ
Meet the ULFPS
While seeking to consolidate its existing LNG carrier workload by bidding for new tonnage to serve the Qatari export traffic and other projects, Spanish shipbuilderâŚ
Wärtsilä Tests First Dual-Fuel Engine
dual-fuel engines for a 74,000 m3 LNG carrier. France. ship's propulsion and shipboard electrical requirements. 6L50DF engines each develop 5700 kW at 514 rev/min. plant. 2002.
MISC Expects Good Profits
Malaysian International Shipping Corp. (MISC), the world's largest liquefied natural gas (LNG) carrier, said it expects profits in fiscal 2002 to be higher than 2001.
The Rich Get Richer
Shipping magnate John Fredriksen is Norway's richest man, his tanker company Frontline is the world's biggest, and now his week-old gas transport venture GolarâŚ
EC Extends Shipbuilding Subsidies to LNG Carriers
The European Commission (EC) has decided to extend the granting of temporary and limited state aids in the shipbuilding sector to liquefied natural gas (LNG) carriers.
The Efficient Tugboat: The Efficient Tug
In many ports across the country, competition among tugboat operators is intense. The combined Port of Los Angeles and Long Beach is one such competitive environment for tug operators.
Editorâs Note
Iâve been to many ship and boatbuilding facilities ... domestic and foreign; large and small; modern and antiquated. In fact, traveling to shipyards, witnessingâŚ
Keppel Completes Raissa
Keppel Offshore & Marine (Keppel O&M) Group has strengthened its participation in the inshore oil and gas drilling industry, with the successful completion of the RaissaâŚ
Spain: IZAR Shows Its Mettle in the Gas Sector
As the sole shipbuilding organization outside eastern Asia with a current involvement in the construction of large LNG carriers, IZAR is determined to maintain a long-term position in a promisingâŚ
The Automated Ship: Challenger to the Last Steam Bastion
Over the years, a succession of alternatives to steam turbine propulsion for large LNG carriers has been rolled-out by the marine engineering industry. NonethelessâŚ