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Home-Grown: S. Korea's First OCCS put to the Test
KR announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing.The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI) and PANASIA. As a result of this collaboration, the system was installed on the 2,200 teu container ship, HMM Mongla. KR conducted…
Venture Global Launches First LNG Vessel from Planned Nine-Strong Fleet
U.S. liquefied natural gas (LNG) exporter Venture Global has launched its first LNG vessel, the Venture Gator, at the Samsung Heavy Industries shipyard in Geoji-si, South Korea.The Venture Gator is the first of nine LNG carriers in the Venture Global fleet to be completed in quick succession across three shipyards in South Korea over the coming 24 months, which will transport LNG from the U.S. to multiple…
SHI's Ammonia Fuel Cell Powered VLAC Gets Lloyd’s Register’s Blessing
Samsung Heavy Industries (SHI) has received an approval in principle (AiP) from Lloyd’s Register for the design of its ammonia fuel cell-powered very large ammonia carrier (VLAC).Ammonia fuel cell-powered VLAC, developed by SHI with the US-based fuel cell system developer Amogy, is an emission-free and eco-friendly vessel, which does not produce any sulfur oxides (SOx), nitrogen oxides (NOx), or carbon…
Esgian Week 16 Report: Rigs on the Move
Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar.TotalEnergies has exercised a three-well option for Transocean 12,000-ft drillship Deepwater Skyros offshore Angola at a rate of $400…
Esgian Week 15 Report: South America Remains Vital
Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras…
Esgian Week 14 Report: Major Jackup Contract Suspensions
Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling, Arabian Drilling, COSL, and ARO Drilling.Meanwhile, Transocean, Noble, and COSL rigs have firmed up new work in the US Gulf of Mexico, Suriname, and the North Sea…
MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation
Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT Pertamina (Persero), Marubeni Corporation, Sojitz Corporation, and other partners.Built by Samsung Heavy Industries in South Korea, the Jawa Satu FSRU has a storage capacity of 170…
QatarEnergy to Charter 19 New LNG Carriers
QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.In a ceremony at its Doha headquarters state-owned QatarEnergy signed contracts to charter six vessels from CMES LNG Carrier Investment, six vessels from Shandong Marine Energy and three vessels from MISC Berhad.
Esgian Week 10 Report: Additional Backlog Secured
Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship…
GTT Books Samsung Heavy Industries Order for 15 LNG Carriers Tank Designs
French engineering company GTT has received an order from Samsung Heavy Industries for tank designs of 15 new LNG carriers.GTT will design the tanks of these 15 vessels, which will each offer a capacity of 174,000 m3.The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT.The delivery of the vessels is scheduled between the fourth quarter of 2026 and the fourth quarter of 2028.The South Korean shipyard placed an order on behalf of a leading LNG player…
Stena Drilling Takes Delivery of Stena Evolution Drillship
Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries.After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job.The technologically advanced drillship is capable of operating at water depths of up to 12,000ft (around 3,500 meters) and drilling depths up to 40…
GTT Secures Two New LNG Carriers Tank Design Orders
French engineering company GTT has received two orders for the tank design of two new liquefied natural gas carriers (LNGC).The first LNGC will be realized by the South Korean shipyard Hanwha Ocean. The vessel will have a total capacity of 174,000 m3, and will be fitted with the NO96 GW membrane containment system, a technology developed by GTT.The delivery of the vessel is scheduled for the third quarter of 2027…
Samsung Heavy Industries Gets $1.5B FLNG Order
Samsung Heavy Industries (SHI) has secured an engineering, procurement and construction (EPC) contract for a new floating LNG production unit worth $1.5 billion.SHI formed a consortium with Black & Veatch for the delivery of the new FLNG unit, subject to final investment decision for the project (FID) being developed by the 'North American client'.Undisclosed by SHI, the client is most likely Haisla Nation and Pembina Pipeline Corporation (Pembina)…
SHI Stops Making Blocks for Russian Shipyard's LNG Carriers
Samsung Heavy Industries (SHI) said on Tuesday it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.Samsung has been delivering blocks and equipment for five of them to Zvezda, the Russian shipyard that is assembling the carriers, after receiving South Korean government approval.Samsung is nearing the end of making the blocks and equipment for the five ships, a Samsung spokesperson said on Tuesday.For the remaining 10 ships, Samsung has stopped m
Samsung Heavy Industries and DNV in Autonomous Shipping Collaboration
South Korea's Samsung Heavy Industries (SHI) and leading classification society DNV have signed a Memorandum of Understanding (MOU) at Kormarine, committing to establishing SHI's state-of-the-art Remote Operation Centre (ROC) for real-time monitoring and control of Maritime Autonomous Surface Ships (MASS). The MOU will underpin DNV and Samsung Heavy Industries’ collaboration to drive innovation and redefine the future of marine transportation…
Samsung Heavy Industries Acquires Shipbuilding Industry First ISO Certifications
Samsung Heavy Industries has acquired the International Organization for Standardization's 'Compliance Management System (ISO 37301)' and 'Anti-Corruption Management System (ISO 37001)' certification from Lloyd's Register (LRQA), claiming a first in the shipbuilding industry.ISO 37301 and 37001 are international certifications that are awarded by strictly evaluating the systematic management of a company's compliance management and anti-corruption management system.
KR Grants AiP to SHI’s Ultra-Large Ammonia Carrier
Korean Register (KR) granted an Approval in Principle (AiP) for a 200,000cbms ultra-large ammonia carrier fueled by ammonia created by Samsung Heavy Industries (SHI). The design was unveiled at Gastech 2023 in Singapore.The carrier is a green ship designed to carry large quantities of ammonia, using the cargo as fuel, and has zero carbon dioxide emissions during operation.Ammonia, known for its distinctive odor that aids quick leak detection is also relatively lightweight…
SHI Touts 'Eco-Friendly' Strategies at Gastech '23
At Gastech 2023, Samsung Heavy Industries (SHI) offers a separate 216 sq. m. exhibition hall at the Singapore Expo venue showcasing its technological developments in LNG and LCO2 transport vessels, centered around the FLNG (Floating Liquefied Natural Gas Production Facility) models.On the September 7, SHI plans to hold a future eco-friendly technology seminar for key customers to address global climate change.
WinGD and Samsung Heavy Industries to Cooperate on Ammonia Fuel Applications
Swiss marine power company WinGD and South Korean shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on future fuel vessel applications with ammonia-fueled engines. The memorandum of understanding, signed during the Gastech conference in Singapore this week, indicates a strong intention on the part of SHI to install WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels.The…
ABS Signs MoU to Develop Hydrogen-Fueled Passenger Vessel
ABS signed a memorandum of understanding (MoU) with the Korea Hydrogen Industry Association (KHIA) and the University of Ulsan, Foundation for Industry Cooperation to develop a small, 40-seat vessel for tourism, equipped with electric propulsion using a 350kW hydrogen fuel cell.The zero-emission vessel qualifies as one of the research, development and demonstration projects associated with Korea’s national hydrogen strategy.Ock Taeck Lim…