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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


Fire-damaged MSC Flaminia Docks in Romania

MSC Flaminia: Photo courtesy of REEDEREI NSB

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 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 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 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 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 $645m Order

Daewoo Shipbuilding and Marine Engineering Co. said it has won $644.8m order to build a drillship for an unidentified company in Oceania. Daewoo said in a filing with the Korea Exchange that it finalised the contract, which is part of the combined $3b order announced on Thursday to build four ships for three different companies. Daewoo said it would deliver the ship by July 2011. Source: Reuters


Aframax Product Tanker Delivered to KOTC

The delivery ceremony for the M/T Al Dasma, constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) and delivered to Kuwa it Oil Tanker Co. S.A.K. (KOTC) was held in Kuwait on June 23, 2014. The Aframax Product Tanker, named the M/T Al Dasma following its delivery to KOTC


MOL China Shipping J/V Orders NSR LNG Carriers

LNG Carrier: Rendering MOL

Mitsui O.S.K. Lines (MOL) says its joint venture with China Shipping (Group) Company has signed shipbuilding contracts with Daewoo Shipbuilding & Marine Engineering (DSME) in Korea to build three ice class LNG carriers for the [Russian] Yamal LNG project.


MOL to Launch Arctic Ocean LNG Route

MOL Arctic.jpg

Japan's Mitsui OSK Lines Ltd (MOL) said on Wednesday that it will start transporting liquefied natural gas (LNG) through the Arctic Ocean in 2018 using icebreaker LNG tankers. MOL, with its joint venture partner China Shipping, has ordered three icebreaker LNG carriers from South Korea's Daewoo


Wilhelmsen Secures Inert Gas System Orders

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners. Wilhelmsen Technical Solutions (WTS) has secured multiple orders to supply its Maritime Protection Dry Inert Gas Generator (DIGG) systems for


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


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


Norwegian Group Sells Two Projects to Speed Shipbuilding Pull Out

Photo courtesy of Bergen Group

Bergen Group says it has decided to accelerate the process of reducing its involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities.   As a part of this process, Bergen explains it has entered into an agreement to sell two of the remaining


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


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.


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


Classification Society ABS Selects Key Advisors

Chairman & CEO Christopher J. Wiernicki

Following the 151st Annual Meeting of Members and of the Board of Directors  ABS informs that industry leaders were elected and appointed to serve on several bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life


DHT Acquires 2004-built VLCC

DHT-logo-lite.png

DHT Holdings, Inc. announced that it has acquired a VLCC built in 2004 at Daewoo for $49 million (USD). The vessel will be delivered during the second quarter of 2014 and will be named DHT Condor.   The company said it will finance the acquisition with cash at hand


South Korea's Daewoo & SKT in 'Smart Ship' R&D Project

Daewoo Shipbuilding & Marine Engineering (DSME), the world's second-largest shipbuilder, and Korea's top mobile carrier, SK Telecom (SKT), have teamed up to develop ICT-based "smart ships" reports the Korea Times. SKT has signed a memorandum of understanding with DSME to cooperate


Mitsubishi Hitachi Agreement With Daewoo E&C

Signing ceremony of Mitsubishi Hitachi Power

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has signed a contract with Daewoo Engineering & Construction Ltd. (Daewoo E&C) under which MHPS is to supply two M501J gas turbines, one steam turbine and three generators for the Pocheon Combined Cycle Power Plant


NASSCO to Build Additional Tanker for APT

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), has entered into a contract with an affiliate of American Petroleum Tankers (APT), a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. (KMP), for the design and construction of an additional 50






 
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