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HMM to Launch Mega-Ships in April
South Korean logistics major Hyundai Merchant Marine (HMM) will introduce the largest container vessels of the world in April. These mega-ships will be deployedā¦
SHI Eyes Russia's $3Bn LNG Carrier Order
South Korea shipbuilder Samsung Heavy Industries (SHI) may receive an order from Russiaās largest independent gas producer Novatek for 10 additional ice-breakingā¦
Capital Product Partners Acquires Boxship Trio
Capital Product Partners (CPLP), a Greek shipping company engaged in the seaborne transportation, has agreed to acquire three 10,000 TEU sister container ships forā¦
GasLog Secures $1B for Newbuilds
GasLog signed an Export Credit Agency-backed debt financing of $1.05 billion with 12 international banks for its current newbuilding program.The LNG carrier ownerā¦
SHI, SKT Trial Autonomous Ship Using 5G
South Korean shipbuilder Samsung Heavy Industries (SHI) and compatriot telecommunications operator SK Telecom (SKT) have developed a 5G-based autonomous navigationā¦
SHI Wins Two Ice-class Tanker Order
South Korean shipbuilding giant Samsung Heavy Industries Co (SHI) has won a 187.5 billion-won (US$158 million) order to build a two ice-class oil tankers.According to a regulatory filingā¦
Petronas Names Second FLNG in S. Korea
Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floatingā¦
ABS Awards AiP to SHI LNG Re-liquefaction System
ABS has announced that it has awarded approval in principle (AiP) to Samsung Heavy Industries (SHI) for its innovative X-Reli LNG Boil Off Gas Expander ā part ofā¦
SHI to Pay $75 Mln to Resolve Bribery Case
![Ā© denissimonov / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/denissimonov-adobe-stock-107473.jpeg)
Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday.Samsung Heavy has admitted to paying about $20 million to a Brazilian intermediary between 2007 and 2013 knowing that parts of it would be paid as bribes to officialsā¦
SHI to Pay $75m in Fine: US Justice Dept
South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its schemeā¦
MOL Gets AiP for Containership Bow Wind-Shield
Japanese shipping company Mitsui O.S.K. Lines (MOL) announced that, DNVGL issued an Approval In Principle (AIP) to MOL and Samsung Heavy Industries (SHI) for Bowā¦
DNV GL Awards AIP for SHI Cyber Secure Notation
The international accredited registrar and classification society DNV GL has presented South Korean shipbuilder Samsung Heavy Industries Co., Ltd. (SHI) with anā¦
SHI Losses Widen
South Korean Samsung Heavy Industries (SHI) reported its third-quarter net loss of 583.2 billion won (US$ 503.8 million), compared with a KRW80.30 billion loss in the same quarter a year earlierā¦
TMC to Equip Cardiff Gas LNG Newbuilds
Norwegean compressor supplier TMC Compressors of the Seas (TMC) has been awarded a contract to supply a complete marine compressed air system and associated equipmentā¦
GTT LNG Carrier Orders at Record Highs
Gaztransport & Technigaz (GTT), a company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, saidā¦
Two LNG Dual-Fuel DP Shuttle Tankers Unveiled
![AET's Eagle Blane and Eagle Balder were unveiled at a naming ceremony held at the Samsung Heavy Industries (SHI) Geoje Shipyard, South Korea, today
(Photo: AET)](https://images.marinelink.com/images/maritime/w200h200c/aets-eagle-blane-and-eagle-105991.png)
AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines by 2030ā¦
Maersk Tankers Names 18th MR Unit
Danish tanker owner and operator Maersk Tankers held a naming ceremony for Maersk Curacao, its eighth MR unit being delivered by Samsung Heavy Industries (SHI)."SHA122ā¦
SHI Wins Two LNGCs Orders from MISC
South Korean shipbuilder Samsung Heavy Industries (SHI) announced that it had secured orders for two 174,000-cbm LNG carriers from MISC Berhad (MISC), a global providerā¦
MISC Secures ExxonMobil LNG Tanker Contract
![Photo: MISC](https://images.marinelink.com/images/maritime/w200h200c/photo-misc-105798.jpg)
MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporationās wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers.Each of the LNG carriers will respectively serve the transportation needs of ExxonMobilās worldwide LNG portfolio on a 15-year charter contract.Prior to thisā¦
SHI to Build Six Giant Box Ships for Evergreen
South Korean shipbuilding giant Samsung Heavy Industries (SHI) has signed shipbuilding deals for Taiwanese shipping line Evergreenās latest ultra-large containershipsā¦