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LR and SHI Join Forces for Green Ammonia FPSO System
Lloydâs Register (LR) has signed a memorandum of understanding (MoU) with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia. The FPSO process has been widely used in the oil and gas industries, but its application for ammonia is relatively new. The unit will use renewable energyâŻto provide power for electrolysisâŻof seawater to produceâŻgreenâŻhydrogenâŠ
ADNOC L&S Inks $4.4B Deals for 23 New Supertankers
ADNOC Logistics & Services signed contracts worth $4.4 billion to build 23 supertankers for ethane, ammonia and liquefied natural gas, the UAE's state news agency reported on Thursday.ADNOC's CEO Abdulkareem Al Masabi said the company through its AW Shipping joint venture awarded contracts worth $1.9 billion to build nine Very Large Ethane Carriers (VLECs) and four Very Large Ammonia Carriers (VLACs)âŠ
QatarEnergy Inaugurates Four New LNG Vessels in Korea
QatarEnergy has inaugurated four new conventional-size LNG vessels built in Samsung Heavy Industries and Hanwha Ocean shipyards in the Republic of Korea as part of its historic fleet expansion program.The four new vessels - Idâasah, Nuaijah, Umm Swayyah, and Lebrethah - are part of 128 total vessels ordered from Korean and Chinese shipyards as part of the largest shipbuilding program in the historyâŠ
Shipbuilding Shares Soar After Trump, Yoon Call
South Korean President Yoon Suk Yeol spoke with Donald Trump on Thursday and congratulated him on winning the U.S. presidency on the "Make America Great Again" slogan as officials in Seoul worked to prepare for "significant" economic changes.Yoon and Trump held a 12-minute phone call and discussed the close security and economic ties of their two countries across all areas, a senior South Korean officialâŠ
ClassNK Greenlights SHIâs Autonomous Navigation Assistance System
ClassNK has issued an Approval in Principle (AiP) for Autonomous Navigation Assistance System âSASâ developed by Samsung Heavy Industries (SHI).Samsung Autonomous Navigation Assistance System (SAS) is partially Autonomous Navigation System (ANS) including the functions of situational awareness through sensor fusion and electronic navigational chart information, collision and grounding risk assessmentâŠ
Samsung Heavy Industriesâ FCSU Design Earns Approval from Bureau Veritas
South Korean shipbuilder Samsung Heavy Industries (SHI) has been awarded an approval in principle (AIP) for its Floating CO2 Storage Unit (FCSU) design from classification society Bureau Veritas (BV).The AIP certificate was presented to Haeki Jang, Chief Technical Officer of SHI, by Matthieu De Tugny, President of Bureau Veritas Marine & Offshore, during a ceremony at Gastech 2024.The floating CO2 storage unit features a free-form pressure tank designâŠ
ABS OKs SHI's Liquefied Hydrogen Carrier Vessel Design
ABS issued general design approval (GDA) to Samsung Heavy Industries Co., LTD. (SHI) for its detailed design of a liquefied hydrogen carrier, a 20,000 cbm vessel with Type C tanks.âHydrogen is a key enabler of the clean energy economy. In decarbonizing different industry sectors, hydrogen plays critical roles as a fuel, feedstock, energy storage and load balancing. As the demand for hydrogen growsâŠ
New LNG Carrier Delivered to Maran Gas
Late last week, Maran Gas Maritime took delivery of the newly built liquefied natural gas (LNG) carrier Maran Gas Antibes from South Korean shipbuilder Samsung Heavy Industries (SHI). The vessel will operate on long-term charter to TotalEnergiesHanded over on September 20, the newbuild is part of the Angelicoussis Groupâs larger order with SHI that includes four LNG dual-fuel very large cruse carriers (VLCC) and three LNG carriers.According to the Angelicoussis GroupâŠ
KR Approves Design of SHIâs 9,300 TEU Ammonia-Fueled Container Ship
KR (Korean Register) has awarded an Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for its 9,300 TEU ammonia-fueled container ship.The development of the 9,300 TEU ammonia-fueled container vessel marks a key step in advancing ammonia fueled propulsion technology, according to KR.SHI has developed an entirely new structural layout and the vesselâs design which includes specialized fuel tanksâŠ
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 conductedâŠ
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 multipleâŠ
SHI's Ammonia Fuel Cell Powered VLAC Gets Lloydâs Registerâs Blessing
Samsung Heavy Industries (SHI) has received an approval in principle (AiP) from Lloydâs 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 carbonâŠ
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 $400âŠ
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 PetrobrasâŠ
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 SeaâŠ
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 170âŠ
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 dâIvoire, 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 drillshipâŠ
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 playerâŠ
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 40âŠ
