DAEWOO SHIPYARD
RasGas LNG Fleet Grows
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
Daewoo Wins Deals for Drill Ships
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
Daewoo Opens China Plant for Production
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
Daewoo Wins $602m Deal
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
Daewoo Employees to Have Role in Selecting New Owner
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
Pension Fund Set to Scrap Plan to Bid for Daewoo
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 Split: Painful But Necessary
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
Daewoo Shipbuilding Wins $500m Deal
Daewoo Shipbuilding and Marine Engineering Co. said it has won a $500m order to build five container ships for a German shipping company. The deal calls for Daewoo Shipbuilding to deliver the ships, which can hold 4,700 20-foot standard containers, to Hamburg Sud, one of the largest ship lines, by 2010, the company said. The vessels will be built at Daewoo Shipping's yard in Romania, it said. (Yonhap)
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
Daewoo Wins $800m in Contracts
According to reports, Daewoo Shipbuilding Marine & Engineering Co., won $800min orders from several European companies to build three bulk carriers and one offshore drill ship. The deals require Daewoo Shipbuilding to deliver the vessels by June 2010, the company said. It did not identify the companies that made the orders. Daewoo Shipbuilding said it has received shipbuilding orders valued at $8.36 billion so far this year
ABS Elects New Council and Committee Members
At the 151st Annual Meeting of the Members of ABS, and the subsequent meeting of the ABS Council, industry leaders were elected to serve on a number of bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property
China SCL Orders World's Largest Container Ship
China Shipping Container Lines Co. orders the world’s biggest container ship, taking over the title from Maersk Line. Hyundai Heavy Industries Co. will build five vessels each capable of carrying 18,400 20-foot containers for $700 million for China Shipping, the Ulsan
Rolls-Royce Hits Century in Drillship Propulsion Orders
Rolls-Royce's milestone 100th contract is to deliver drillship propulsion systems to a Transocean rig. In recent months Rolls-Royce has won orders to supply propulsion systems for seven new drillships totaling close to £100 million, including options
China Supplies Maersk Triple-E Hull Modules
Hull modules for the huge container ships are being built in Shandong and delivered by barge to South Korea' Daewoo Shipbuiding yard. Twenty of the ships, which can each carry 18,270 20-foot containers and at 399.25 metres long, are being built for Maersk Line by South Korea's Daewoo Shipbuilding
Korean Shipbuilders Order Martek Marine Monitoring Systems
UK's Martek Marine wins large orders for its MariNOx Evolution™ on-board emissions monitoring and engine efficiency system. The orders, amounting to more than US$1-million, are from Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries.
NASSCO, TOTE: Historic Deal to Build World's First LNG Powered Containership
Historic deal in U.S. Shipbuilding, Green Ship Technology General Dynamics NASSCO finalized a contract with TOTE, Inc., for the design and construction of two 3,100 TEU LNG-powered containerships, setting a new benchmark in green ship technology. When completed the 764-ft
First Order for LNG-fuelled MAN Two-Stroke Engine
MAN Diesel & Turbo confirms its first order, from USA's TOTE Inc., for its low-speed, dual-fuel ME-GI engine. American shipping company, TOTE, has signed a contract with its compatriot shipyard NASSCO in San Diego for the construction of two new state-of-the-art containerships with an
World's Largest Container Ship Flies Red Ensign
The 175,343 gt 'CMA CGM Marco Polo' owned by CMA CGM Group joins the UK ship register. The first in a series of three new 16,000 TEU container ships, for the CMA CGM group to serve on the Asia-Europe routes, the ship was built in Korea by Daewoo Shipbuilding & Marine Engineering Co Ltd
Almi Sky
Almi Sky was built for Almi Tankers S.A. by Daewoo Shipbuilding & Marine Engineering, designed as double skinned construction in way of cargo tanks and arranged with six pairs of cargo tanks and a pair of slop tanks. The vessel has a continuous upper deck with no forecastle
Maersk Londrina
Maersk Londrina is a 8700 TEU containership built by Daewoo Shipbuilding & Marine Engineering Co., LTD (DSME) for A.P. Moller - Maersk A/S. According the shipbuilder, one of the biggest challenges during construction was to increase the height of the accommodation by 9m in order to achieve the
Huge Offshore Engineering Contract for CB&I
US-based CB&I wins a project contract worth US$250-million from Korea's Daewoo Shipbuilding & Marine Engineering Co, Ltd. (DSME). CB&I's scope of work, which will commence in the first quarter, includes detailed engineering design services for the Mariner Topsides project that is
World's No.3 Shipbuilder Profits Plummet
Daewoo Shipbuilding & Marine Engineering (DSME) net profit fell 82% in 2012. The loss is primarily attributed to the decision DSME made in 2009 to book orders for ships at lower rates to stay afloat in the aftermath of the financial crisis, reports Fox Business News.
First Maersk Triple-E Container Ship In the Water
The first of 20 giant Triple-E ships for Maersk Line comes out of Daewoo Shipbuilding & Mechanical Engineering Co. drydock for fitting out alongside. The name "Triple E" is derived from the class's three design principles: "Economy of scale
Almi Tankers Evolve Suezmax Design
Almi Sun and Almi Explorer were delivered by Daewoo Shipbuilding and Marine Engineering Shipyard, Geoje Island, Korea and have commenced their operational lives. These ships are a further development of Almi Horizon delivered back in 2011
ABB Wins Third Ichthys FPSO Major Contract
ABB appointed main electrical contractor (MEC) for a new floating production, storage and offloading (FPSO) vessel at the Ichthys oil & gas field in the Timor Sea off Western Australia. The order is worth $30 million and was awarded by the engineering