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Aker Kvaerner Awarded Contract with Daewoo

Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea for delivery of drilling facilities for an ultra deepwater semi submersible drilling rig ordered by an international drilling contractor. The total contract value for Aker Kvaerner is approximately $86m. The award is based on an option included in a contract Aker Kvaerner signed with Daewoo Shipbuilding & Marine Engineering Co. Ltd in February 2006. The work is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The scope of work for Aker Kvaerner MH is to deliver a complete drilling package including engineering, equipment deliveries and commissioning services. The ultra deepwater semi-submersible drilling rig is scheduled for delivery in 2009. The drilling rig will be designed for world-wide operation in harsh environment, including operation on the Norwegian continental shelf.


Daewoo wins $430m Contract to Build Drill Ship

Daewoo Shipbuilding Marine & Engineering Co., won a $430m order to build an offshore drill ship. The deal from Odfjell Invest Ltd. calls for Daewoo Shipbuilding to deliver the semi-submersible ship by June, 2010, the company said. Daewoo Shipbuilding said that the deal includes an option to build another drill ship. The company won a total of $4.3 billion worth of orders in 2006 to build offshore facilities such as platforms and rigs


Aker Kvaerner to Deliver Mooring Equipment to Daewoo

Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co. Ltd in South Korea for delivery of mooring equipment. The total contract value for Aker Kvaerner is approximately NOK 60 million. The contract involves supply of mooring equipment for two semi-submersible drilling rigs to be built at Daewoo Shipbuilding & Marine Engineering Co. Ltd for the Norwegian rig owner SeaDrill. Four sets of double mooring winches and eigth underwater fairleads will be


Aker Kvaerner Awarded Drilling Equipment Contract

Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea for delivery of drilling facilities for an ultra deepwater semi submersible drilling rig ordered by an international drilling contractor. The total contract value for Aker Kvaerner is approximately USD 86 million. The award is based on an option included in a contract Aker Kvaerner signed with Daewoo Shipbuilding & Marine Engineering Co. Ltd in February 2006


Daewoo Shipbuilding Wins 606-bln Deal

According to Asia Pulse Data Source, Daewoo Shipbuilding & Marine Engineering Co., has won a deal valued at 606 billion won (US$647 million) to build a drill ship. The deal calls on Daewoo Shipbuilding to deliver the vessel by July 2011, the company said in a regulatory filing, without identifying the customer. Daewoo Shipbuilding has won more than $22 billion worth of contracts so far this year to build 136 vessels.


Daewoo Shipbuilding Opens N American Plant

According to a report from Steel Guru, Korea based Daewoo Shipbuilding & Marine Engineering and the Premier of Nova Scotia, Canada, celebrated the grand opening of DSME Trenton Ltd on June 14th 2011.   Source: Steel Guru  


Goldman Sachs Reported Out of Daewoo Sale

Goldman Sachs Group Inc. is out as co-adviser of the sale of Daewoo Shipbuilding & Marine Engineering Co., according to a report on Bloomberg. According to the Bloomberg report, Korea Development Bank reversed its earlier decision to have Goldman be a preferred bidder as co-adviser of the sale of a 50.4 percent stake in Daewoo Shipbuilding, as the bank and Goldman apparently failed to reach an agreement on terms of the contract


Posco Seeks Partner for Bid

Doosan Group pulled out of the bidding for Daewoo Shipbuilding, driving down shares of one of the world's biggest shipyards.  South Korean steel maker Posco was reportedly seeking partners to bid for Daewoo Shipbuilding & Marine Engineering in a deal that would value the shipbuilder at as much as $9.6b.  Shares in Doosan Group companies rose after it said it would not bid for Daewoo, easing concerns over the financial health of the conglomerate


Hyundai, 2 Affiliates Go for Daewoo

Hyundai Heavy Industries said it will make an independent bid together with its two affiliates for a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME), according to Korea Times. The remarks come after SK Energy said it is considering joining a consortium led by POSCO. Industry experts say SK Energy will join the POSCO-led consortium and plans to invest less than about $90m, a token amount for the size of Daewoo Shipbuilding.


Hanwha Asked to Resubmit Plans for Daewoo

According to a Jan. 13 report from Reuters, Korea Development Bank, in talks to sell Daewoo Shipbuilding to Hanwha Group, asked Hanwha to rework its financing plan amid speculation the estimated $5b sale could fall apart. State-run KDB, a top shareholder in Daewoo Shipbuilding & Marine Engineering, also said it would decide whether the deal could go through based on the new funding plans from Hanwha. (Source: Reuters)


World's Largest Jack-up Rig Named

Worlds Largest Jack-up Rig: Photo courtesy of Maersk Drilling

In a ceremony held at the Keppel FELS shipyard in Singapore, the ultra harsh environment jack-up rig Maersk Intrepid was named in the presence of the Guest of Honour Mr Lui Tuck Yew, Minister for Transport in Singapore. With a leg length of 206


Jinglu Shipbuilding Chooses AVEVA Design Software

AVEVA Marine provides Jinglu Shipbuilding with a complete software solution for its current and future shipbuilding requirements.

Penglai Zhongbai Jinglu Shipbuilding Co., Ltd. (Jinglu Shipbuilding), one of the key shipbuilding enterprises in Shandong Province, Greater China, has signed a new contract for AVEVA Marine software to address the current, challenging market situation and to future-proof its operations


DIS Orders Two Newbuild Eco-Tankers

A $73.2 million investment strengthens DIS’ fleet newbuilding strategy d’Amico International Shipping (DIS), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers Limited (Ireland) entered


SEMBCORP MARINE’S SEMBAWANG SHIPYARD TO REVITALISE 'VOYAGER OF THE SEAS'

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured an agreement with RCL Cruises Ltd., a member of the Royal Caribbean Cruises Ltd. group, to perform the extensive revitalisation of Royal Caribbean International’s 137,276-gross tonnage


Oman Drydock Announces Strongest Year of Trading

Oman Drydock ariel view

The Oman Drydock Company (ODC), one of the Middle East’s newest and biggest shipyards, is announcing its strongest year of trading. The shipyard undertook 75 drydockings and repairs in 2013 taking the total number to 190 since the yard which was opened in Duqm in Central Oman in 2011


DSME Opens Warship Construction R&D Center

Center opening: Image courtesy of DSME

Daewoo Shipbuilding & Marine Engineering (DSME), which claims to be the world’s second-largest shipbuilder, has opened a research and development center specializing in warships, reports the Korea Times. The center is compromised of 50 researchers in four groups


Korea Shipbuilder Wins Order for 8 Very Large Gas Carriers

LNG carrier: File photo cr. Gazprom

Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) has won two orders worth a total of US$640-million to build eight very large gas carriers (VLGCs) for two unidentified Asia-based firms reports Reuters. The South Korean shipbuilder said in a statement both firms had ordered four gas


Yangzijiang Shipbuilding Eyes Mega Container Ships

yang.gif

Reuters - Yangzijiang Shipbuilding Holdings Ltd, a top Chinese shipbuilder, plans to build more mega container ships for shipowners eager to cut operating costs. Yangzijiang is China's third-largest listed shipbuilder by market capitalisation and has boasted profit margins that dwarf those of


200 SOLASAFE Screens for Hyundai Containerships

Hyundai Hope under construction at Daewoo Shipyard in Okpo, Korea. The first vessel in a series of four, she will be delivered in March 2014

South Shields based Solar Solve Marine received an order from Korea for four ship-sets of its SOLASAFE roller sunscreens. The screens are to be installed at the navigation bridge windows of four very large container carriers currently under construction at Daewoo’s DSME Okpo shipyard on


ABB Wins US$60-Million Statoil Offshore Contract

Mariner Field: Rendering courtesy of ABB

Power and automation technology group, ABB, informs it has won three orders worth $60 million for internal and external telecommunication systems for three Statoil projects on the Norwegian Continental Shelf. The three contracts have been signed with leading shipyards in South Korea


Seoul Shares Touch 3-week Low as China Worries Persist

By Se Young Lee, Reuters Seoul shares fell in early domestic trade Wednesday, touching a near-three week low as persisting worries about China's economic growth outlook cut appetites for riskier assets. The Korea Composite Stock Price Index (KOSPI) was down 1.2 percent at 1,939


UBC Undergrads' CAD Initiative Rewarded by SSI

The UBC students: Photo courtesy of SSI

Wishing to enhance their elegibility for jobs in Western Canada's expanding shipbuilding industry, a group of University of British Columbia (UBC) Mechanical Engineering students approached SSI about further training in the company's ShipConstructor CAD/CAM application


China Shipyards Deliver Tender Rig, Bulk Carrier

China Guandog Shipyard: Image credit COSCO

COSCO Corporation (Singapore) Limited informs of the delivery of two new vessels from shipbuilding yards in China. 1. COSCO (Nantong) Shipyard Co., Ltd , a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a tender rig,"T-18", to Seadrill.


Korea Shipyard to Build Icebreaking LNG Carrier

LNG carrier in terminal: File photo CCL

Daewoo Shipbuilding & Marine Engineering (DSME) has won the first battle in the war among the shipbuilders to obtain orders for vessels to participate in the Russian Arctic 'Yamal Project' by getting the world’s first order for an icebreaking LNG carrier, reports BusinessKorea.


BMT Fleet Technology Names Byrtus President

Darcy Byrtus

BMT Fleet Technology Ltd., a subsidiary of BMT Group Ltd., an international maritime design, engineering and risk management consultancy, has announced the appointment of Darcy Byrtus as President. Darcy joins BMT from General Dynamics Canada where he held the post of Director of Business


 
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