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Wärtsilä and SHI Collaborate on Ammonia Fueled Engines
Finnish technology group Wärtsilä and Korean shipbuilder Samsung Heavy Industries (SHI) have teamed up to develop ammonia-fueled vessels as the cleaner burning fuel gains traction amid the maritime industry’s drive toward decarbonization.Under the joint development program (JDP) agreement signed between the two firms in July 2021, the partners will aim to develop ammonia-fueled vessels with four-stroke auxiliary engines available for future newbuild projects.Ammonia…
Techcross Reports 'Surging' BWMS Orders
South Korean ballast water management systems (BWMS) manufacturer Techcross said orders for its systems are "soaring" in line with the improvements in the global shipbuilding market. The company said it sees business picking up in China, Japan and especially Korea, with good performance in high value-added vessels such as very large cruse carriers (VLCC) and liquefied natural gas (LNG) carriers.Techcross reported orders at all of South Korea's domestic "Big 3" shipyards Korea…
DNV Grants AiP for Samsung Heavy's VLCC Fuel Ready Design
Classification society DNV has awarded an Approval in Principle (AiP) to Samsung Heavy Industries for a "Fuel Ready" (ammonia, D, S, Ti) class notation for its 300,000 dwt LNG-fueled very large crude carrier (VLCC) design.SHI has developed a fuel ready concept for a VLCC with dual fuel diesel/ammonia as a potential fuel combination after conversion from dual fuel diesel/LNG. "The AiP award confirms the general feasibility of the design.
Eneti Wraps Seajacks Acquisition. Exits Drybulk Business
Eneti, a company until recently known as Scorpio Bulkers, has completed the exit from its bulk carrier business and has also completed the acquisition of Seajacks, boosting its offshore wind ambitions.In its quarterly results release on Tuesday, Eneti said it had on August 12 completed the previously announced transaction to acquire offshore wind installation firm Seajacks for consideration of around 8.13 million shares…
Eneti to Acquire Seajacks
Offshore wind services company Eneti announced on Thursday it has entered into an agreement to acquire rival Seajacks, creating one of the world's largest, most capable fleets of wind turbine installation vessels (WTIV).Eneti said its deal with sellers Marubeni Corporation, INCJ, Ltd. and Mitsui O.S.K., Lines Ltd. will see it acquire 100% of Atlantis Investorco Limited, the parent of Seajacks International Limited…
GTT Tanks for Korean-built LNG Carrier Duo
French engineering company GTT has won orders from South Korean shipyards Hyundai Samho Heavy Industries (HSHI) and Daewoo Shipbuilding & Marine Engineering (DSME) to design tanks for two new LNG carriers.GTT will design the tanks of the vessels which will each offer a cargo capacity of 174,000 m3. The company did not share any info on the value of the order.The LNG carrier built by HSHI, for an unnamed "Liberia ship-owner…
GTT to Design Fuel Tanks for Seaspan's LNG-powered Containership Quintet
French firm GTT has secured an order from the South Korean shipbuilder Samsung Heavy Industries (SHI) to design fuel tanks for five very large LNG-fuelled container vessels, to be built by SHI for the containership giant Seaspan.The vessels, to be chartered by Israeli firm ZIM, will be able to carry 15,000 containers each. The fuel tank of each vessel will offer a capacity of 12,000 m3 and will be fitted with the Mark III membrane containment system.
South Korean Shipbuilder Eyes Floating Wind Opportunities
South Korean shipbuilder Samsung Heavy Industries is joining the offshore wind industry through the development of an independent offshore wind floater model able to operate in extreme marine environments.The company said Monday it had received Approval in Principle (AiP) for its 9.5-MW large-scale offshore wind floater model, Tri-Star Float from the Norwegian classification society DNV."Removing a pontoon…
GTT Wins LNG Tank Design Orders from Samsung
French engineering firm GTT announced it has received an order from its partner the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of three new…
Saipem Charters Ultra-deepwater Drillship from Samsung Heavy Industries
Italian oilfield services giant Saipem has chartered a newbuild drillship directly from South Korea's Samsung Heavy Industries shipyard.Saipem expects the drillship - named Samsung Santorini - to be delivered in November 2021, when the Italian firm will take the 7th generation rig on a two-year charter. No dayrate details have been shared. Recent fixtures for 6th/7gen rigs saw dayrates in the $190.000-$210.000 per day range…
Svanehøj Bags Fuel Pump Orders for 22 LNG-powered ULCVs
Svanehøj announced its 'breakthrough' in the containership market with an order for deepwell gas fuel pumps for 22 ultra large container vessels (ULVC) from South Korean shipyards Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI).Svanehøj’s scope for each vessel consists of two EFP 24-5 liquefied natural gas (LNG) fuel pumps (22 m.) with caisson, foot valves and control systems…
New LNG Carrier Delivered to GasLog
Greek shipowner GasLog has taken delivery of a new 180,000m3 XDF liquefied natural gas (LNG) carrier, GasLog Wellington.The third in a series of four new vessels being built for GasLog by Samsung Heavy Industries in South Korea, the ship will go on long term charter to U.S.-based LNG exporter Cheniere.The newbuild features the latest technological developments in cargo containment, boil off gas management and propulsion, GasLog said.
Cavotec to Supply Shore Power Systems for Ultra Large Containerships
cavotec said it has won a series of orders in the second quarter with a total value of €5 million ($6.1 million) to equip the world’s largest newbuild containerships with ShorePower systems. This is in addition to €3 million ($3.7 million) in orders already secured in the first quarter.“We’re proud to support the world’s major container shipping lines in their journey towards sustainable operations.
Wärtsilä to Supply Navigation Systems for 10 Arctic LNG Carriers
Wärtsilä Voyage has signed a contract to deliver radio and integrated navigation systems for 10 icebreaking liquefied natural gas (LNG) carriers to be constructed for the Arctic LNG-2 project.The order was placed in January 2021 and is now in process of execution, in partnership with South Korean shipbuilder Samsung Heavy Industries Co. Ltd shipyard. The new contract is an extension of the announcement made last summer…
Gallery: BP's Giant Argos Platform Arrives in Texas
BP's behemoth Argos offshore oil platform, the centerpiece of the company's $9 billion Mad Dog 2 project in the U.S. Gulf of Mexico, has arrived in the U.S. after a 16,000-mile journey from South Korea.The platform, loaded onboard Boskalis' BOKA Vanguard heavy transport vessel, had left South Korea on February 3, and it has this week arrived in the Kiewit Offshore Services fabrication yard in Ingleside…
Samsung Heavy Ordered to Pay $411M to Stena Drilling in Canceled Offshore Rig Order Case
South Korean shipbuilding giant Samsung Heavy Industries must pay $411 million to offshore drilling contractor Stena Drilling, a London arbitration tribunal has ruled.The spat between the two companies began after Stena Drilling in 2017 terminated the order for the construction of the harsh environment semi-submersible drilling rig Stena Midmax.Stena Drilling had ordered the rig in June 2013, with the delivery expected in March 2016.
Altera Takes Sixth E-shuttle Tanker from Samsung
Altera Infrastructure recently took delivery of its newest E-shuttle tanker Altera Wind from South Korean shipbuilder Samsung Heavy Industries.The 103,000 deadweight tonne newbuild is the sixth and final in the series of DP2 shuttle tankers using liquefied natural gas (LNG) fuel and recovered volatile organic compounds (VOCs) as a secondary fuel, as well as battery packs for flexible power distribution…
Report: SBM Offshore Only Bidder for Petrobras' Mero 4 FPSO
Brazil's state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters.Petrobras' business plan foresees Mero 4 entering operation in 2025 with a capacity to produce 180,000 barrels of oil a day.Petrobras and SBM declined…
Samsung Heavy Settles Brazil Graft Investigation for $149M
South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday.On its website, the prosecutor's office said the deal was part of a global negotiation between the company and U.S. and Brazilian authorities to settle alleged crimes over contracts…
Petronas' Floating LNG Facility PFLNG Dua Produces First LNG
Malaysian oil and gas giant Petronas said Monday that its PFLNG Dua floating LNG facility has recently produced its first LNG. This is the company's second FLNG Unit, and its first deepwater FLNG facility.The PFLNG Dua is located at the Rotan gas field, 140km off Kota Kinabalu, Sabah, Malaysia. "In collaboration with its upstream Production Sharing Contract partner, PTT Exploration and Production…
