RasGas has expanded its LNG fleet with the recent launch of two vessels at Daewoo’s shipbuilding yard in South Korea, GulfTimes reports. With the addition of Al Marrouna and Al Areesh, RasGas’ LNG fleet strength will go up to 10. The two ships, owned by Teekay Nakilat Corporation, a consortium between Teekay Shipping and Nakilat, will have a cargo carrying capacity of 151,700m3 each. They will be on a long-term time charter with RasGas. Al Marrouna and Al Areesh will be the largest RasGas ships delivered to date. The ships will ferry LNG to the European and Far Eastern markets. Al Marrouna will be delivered to RasGas on October 31 followed by Al Areesh on January 2. Both ships will be operated by Teekay Shipping. Under the terms of the time charter agreements, RasGas will charter these vessels for a firm period of 20 years to deliver LNG from its existing and future facilities at Ras Laffan Industrial City (RLC) to its growing portfolio of customers around the world. Meanwhile, a formal ceremony was held at the Daewoo Shipyard to name the two vessels. source: Gulf Times
After six weeks of waiting at Constanza/Romania, MSC FLAMINIA has put into the port of Constanza; cause of fire still not ascertained. MV MSC Flaminia caught fire on 14 July 2012, claiming three lives (two confirmed dead and one missing) and forcing the crew to abandon ship in the middle of the Atlantic. After the fire had been brought under control, the stricken container ship was towed to Germany and in March 2013, she departed Wilhelmshaven for Mangalia, Romania for repairs.
Daewoo Shipbuilding & Marine Engineering Co., has won deals worth $1.46b to build two drill ships. The deal with two American companies calls on Daewoo Shipbuilding & Marine Engineering to deliver the vessels by September, 2011, the shipbuilder said in a statement. Daewoo Shipbuilding said the deal includes an option to build another drill ship. With the contracts, the shipyard has won deals worth $4.1b to build offshore facilities such as platforms and rigs
AFP reported that 's state pension fund is likely to scrap plans to bid for Daewoo Shipbuilding because of global financial turbulence. The National Pension Service the world's fifth largest, had been in talks with POSCO, GS Group and Hanwha Group to find a partner for the acquisition of Daewoo Shipbuilding. Hyundai Heavy Industries, the world's largest shipyard, is also interested in Daewoo Shipbuilding, the world's third biggest yard.
Daewoo Shipbuilding & Marine Engineering Co., has won a deal worth $602mto build eight container ships, Korea Times said. The deal with a European shipping company entails Daewoo Shipbuilding to deliver the vessels by January 2011, the shipbuilder said in a regulatory filing. The shipyard has clinched deals valued at $1.9b to build 15 ships so far this year. Daewoo Shipbuilding aims at winning $17.5b worth of orders this year
An association of Daewoo Shipbuilding & Marine Engineering Co. employees plans to team up with a potential buyer of their company, industry sources said Friday. The group of employees, which owns a 0.46-percent stake in Daewoo Shipbuilding, is expected to have a say in selecting a preferred bidder for the shipyard, as the bidder which teams up with the association wins support from employees. Korea Development Bank (KDB) and a state-run asset management company are seeking to sell
Daewoo Shipbuilding & Marine Engineering Co said it has begun producing blocks at a factory in Yentai, China, Forbes reported. After construction the blocks are transported to a shipbuilding dock, or slipway, where they are then assembled into place. The $100m facility will have initial production capacity for this year of 30,000 tons, which it plans to boost to 220,000 tons by 2010, Daewoo said. It has estimated that production costs at the factory are 30 percent less than at the firm's
The splitting of Daewoo Heavy Industries Co., the shipbuilding and machinery unit of South Korea's ailing Daewoo Group, into three firms should boost shareholder value, analysts said. A shareholders meeting earlier in the week approved a plan to split the company into Daewoo Shipbuilding and Marine Engineering Co., machinery maker Daewoo Heavy Industries and Machinery Ltd., with Daewoo Heavy Industries Co. taking the remaining operations
According to a report from TradingMarkets.com, Daewoo Shipbuilding & Marine Engineering Co.(KSE:042660), the world's third-largest shipyard, said its fourth-quarter earnings increased more than five-fold due to construction of more expensive vessels. Net profit reached $210m in the October-December period. (Source: TradingMarkets.com)
According to a report from Dow Jones, Brazilian iron ore miner Vale SA (VALE, VALE5.BR) said it took delivery of the world's biggest ore carrier, a 400,000 tons capacity vessel built in South Korea by Daewoo Shipbuilding & Marine Engineering Co. (042660.SE). The new vessel, named Vale Brasil, is the first of seven ore carriers ordered by Vale from the South Korean shipyard. (Source: Dow Jones)
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has received an order for one liquefied natural gas carrier (LNGC). The ship will be built by the South Korean shipbuilder Daewoo
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has received a new order for one Liquefied Natural Gas Carrier (LNGC). The new ship for Mitsui OSK Lines (MOL) will be built by the
On Saturday, March 7, General Dynamics NASSCO hosted a keel laying ceremony for the first ECO tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. San Diego's First Lady, Mrs. Katherine Faulconer, was the honoree for the ceremony.
Gail India Ltd has scrapped a tender that would have led to the construction of three massive liquefied natural gas (LNG) carriers at Indian shipyards. After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any
Maersk Drilling’s third XL Enhanced ultra harsh environment jack-up was named Maersk Integrator by Statoil’s Executive Vice President Margareth Øvrum at a ceremony held at the Keppel FELS shipyard in Singapore Saturday morning.
Mitsui O.S.K. Lines, Ltd. announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE, a wholly owned subsidiary of E.ON SE. The joint venture also signed a deal with Daewoo Shipbuilding
The Japanese shipping company Mitsui O.S.K. Lines will invest up to 50 billion yen ($412 million) to build two liquefied natural gas (LNG) carriers, reports Nikkei. Construction of the ships will be contracted to South Korea's Daewoo Shipbuilding & Marine Engineering (DSME)
Five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea will be powered by a total of 30 Wärtsilä 50DF dual-fuel engines. The vessels will operate in arctic conditions to serve the Yamal LNG project in
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has placed an order with Gaztransport & Technigaz (GTT), designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG)
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has won an order for one liquefied natural gas carrier (LNGC). The ship will be built by the Korean shipbuilder Daewoo Shipbuilding
Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is building five large Arctic Liquefied Natural Gas Carriers (LNGCs), for which it has LNG ordered membrane containment systems from designer GTT. These five ARC 7 LNGCs for Yamal Trade are expected to be delivered
Jewish groups in the Netherlands and Britain have reacted with rage and despair at the arrival in Rotterdam of the world's biggest ship, the Pieter Schelte, named after a Dutch officer in the Waffen-SS. The Pieter Schelte, which is so big it can lift oil rigs out of the water
Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will build four large Liquefied Natural Gas Carriers (LNGC) for Maran Gas. The four LNGCs are expected to be delivered between 2017 and 2019 and will be built with the NO96-GW technology
The Kuwait government is eyeing for its port sector’s growth as this will boost growth at the Gulf state’s ports, both though spending on the infrastructure projects and boosting imports of containerized goods, reports Customs Today.
With the launch of MSC Oscar, Mediterranean Shipping Company (MSC) sets a new record in terms of TEU capacity; at 19,224 TEU, the vessel is largest containership ever built.The ship was officially inaugurated at the Daewoo Shipbuilding and Marine Engineering (DSME) Shipyard in South Korea on