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Million Order News

20 Oct 2023

Cavotec Wins €6.65 Million Shore Power Order

(Photo: Cavotec)

Cavotec reports it has signed a contract with one of the world’s largest shipping lines to supply shore power equipment for newbuild containerships.The €6.65 million order is for Cavotec’s PowerFit units, which are complete containerized solutions for the high-voltage connection of vessels to shore power. Deliveries will take place between late 2023 and early 2025.Patrick Mares, president of Cavotec's ports and maritime division, said, “We're very pleased to receive this repeat order which is based on our successful cooperation with the customer over the last few years.

20 Sep 2023

MacGregor to Supply 40 Cargo Cranes for 10 Asia-built Vessels

Credit: MacGregor

Dech machinery specialist MacGregor, part of Cargotec, said Wednesday it had received a significant, more than EUR 25 million order for general cargo cranes for ten 84,500 dwt multipurpose vessels built in Asia.The order includes a total of 40 cranes with a lifting capacity of 75 tons. The cranes are scheduled to be delivered between the fourth quarter of 2024 and the first quarter of 2026.The company did not say who the client was.

04 Mar 2022

Työvene Building New Hopper Dredge for Poland

Finnish shipbuilder Työvene said it has secured an approximately €20 million order for a trailing suction hopper dredger (TSHD) from Poland's Maritime Administration.The vessel design was developed by Työvene and Dutch partners C-Job and Holland Marine Technologies. "[The project] is a tribute to the Finnish and Dutch shipbuilding tradition and shows the importance of striving for quality and truly understanding the customer’s needs," said Juha Granqvist, CEO of Työvene. "I hope…

07 Oct 2021

Silver Ships Wins $8.2 Million Order for Navy and Coast Guard Boats

(Image: Silver Ships)

Aluminum workboat builder Silver Ships, Inc. said it was awarded an $8.2 million delivery order as a result of being awarded a firm-fixed-price indefinite delivery, indefinite quantity (IDIQ) single award contract by the Naval Sea Systems Command for the construction and delivery of up to 110 Naval Special Warfare (NSW) Surface Support Craft (SSC) and U.S. Coast Guard Special Purpose Craft, Law Enforcement (SPC-LE) vessels, in addition to other accessories, parts and training.

11 May 2021

Korea Shipbuilding & Offshore Engineering Confirms $764,5M FPSO Hull Order

Korea Shipbuilding & Offshore Engineering has through its subsidiary Hyundai Heavy Industries secured a ~$764,5 million order for the construction of an FPSO Hull.In a stock exchange filing on Tuesday, KSOE said it had secured a KRW 854,7 billion. It said its contract partner was Singapore's Keppel Shipyard and that the delivery was for the South American market.KSOE said the contract date was May 10, 2021. The date corresponds to Keppel Shipyard's announcement on Monday, which said it had won a contract…

05 Jan 2021

KSOE Secures Order for Six 15,000 TEU Box Ships

(File photo: KSOE)

South Korean shipbuilding group Korea Shipbuilding & Offshore Engineering (KSOE) said Tuesday it has secured a 900 billion-won (US$828 million) order to build six 15,000 TEU containerships for an unnamed Asian shipowner, Yonhap reports.Four of the six box ships will be built by KSOE's Hyundai Heavy Industries unit, and two will be constructed by its Hyundai Samho Heavy Industries arm. The vessels will be delivered from the first half of 2023, KSOE said.The news comes as shipbuilding orders begin to pick up after 2020's slump stemming from impacts of the COVID-19 pandemic.In 2020…

30 Dec 2019

DSME Wins $771M Order for 6 Box Ships

South Korean shipbuilding and offshore contractor Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) has secured a 891.8 billion-won (US$771 million) order to build six container ships.According to Yonhap, the world’s second-largest shipbuilder by order backlog will deliver the ships to an unidentified client in Africa by October 2022 under the deal.With the latest deal, Daewoo Shipbuilding has won orders worth $6.88 billion for 39 vessels so far this year, achieving 82 percent of its annual order target of $8.37 billion.The 39 vessels include 10 LNG carriers, 10 super crude oil carriers, 11 container ships, 2 super LPG carriers, 5 submarines, and 1 offshore plant.

18 Dec 2019

Konecranes Wins $46 mln USN Crane Deal

US Navy has contracted Konecranes to deliver a 175-ton portal jib crane to the Puget Sound Naval Shipyard in the State of Washington. The $46-million order was booked in December and contains options for six additional portal jib cranes over the next seven years. If realized, the total value of the agreement would be around $330 million.The crane to be provided is a Konecranes tailor-made design, unique with features that allow it to operate on the multiple rail section sizes, straight or curved, located at the Naval base. The portal jib crane is also designed to minimize wheel loads while operating at maximum capacity through the maximum operating range with Konecranes’ unique dynamic stability system.This design of crane is tailored to the historical shipyard layouts of the US Navy…

09 Dec 2019

Daewoo Wins Aggelikousis Order for 3 Ships

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering Co (DSME) said that it has secured a US$380 million order to build three vessels from Angelicoussis Shipping Group (ASGL), the Greek provider of marine shipping services.DSME will build a liquefied natural gas (LNG) carrier for Maran Gas Maritime Inc. and two very large crude carriers (VLCCs) for Maran Tankers Management Inc.Maran Gas Maritime and Maran Tankers Management are subsidiaries of Angelicoussis Shipping Group.According to a report in Yonhap, the LNG carrier will be guilt by DSME with a capacity of 174,000 cubic meters will be delivered by the first quarter of 2022.Two 318…

02 Dec 2019

SHI Wins Two Ice-class Tanker Order

South Korean shipbuilding giant Samsung Heavy Industries Co (SHI) has won a 187.5 billion-won (US$158 million) order to build a two ice-class oil tankers.According to a regulatory filing,  under the deal with a European shipper, Samsung Heavy will deliver two Aframax tankers by March 2022.The vessels will be capable of operating safely even when colliding with ice of up to 70 centimeters at minus 30 degrees Celsius."SHI became the first shipbuidler to clinch a deal to build a bidirectional icebreaking tanker in 2005 and another deal to build a drillship designed for drilling in the Arctic region in 2008, which was successfully delivered…

16 Aug 2019

AMSC Bags Wind Turbine ECS Order from AMSC

The US-based energy solutions provider AMSC announced it has received a $9 million order for its 5.5 MW wind turbine electrical control systems from the Korean power company Doosan Heavy Industries & Construction (DHIC)AMSC signed an agreement with the South Korea’s wind turbine manufacturer in calendar year 2017 for the rights to design and exclusively supply ECS units to Doosan’s 5.5-megawatt offshore wind turbine.The initial 5.5 MW systems were ordered in January 2018, and AMSC expects to complete shipments under this follow-on order by no later than fiscal year 2020.“We believe that this order represents the beginning of Doosan’s transition into volume production with one of the world’s largest offshore wind turbines,” said Daniel P.

12 Jul 2019

HMD Wins $138mln Order for 2 Car Carriers

South Korea-based company engaged in the production and sale of ships, Hyundai Mipo Dockyard Co (HMD) has won a 163 billion-won (US$138 million) order to build two car carrier ships.According to a stock exchange announcement from the Hyundai Heavy Industries (HHI) unit, HMD will build the vessels by March 2022 for  a European shipper. It declined to identify the buyer.This is the first ro-ro order of this year for HMD.According to Yonhap, HMD posted sales of 705 billion won in the first quarter of the year, with its operating profit reaching 26.1 billion won. It secured $434 million worth of orders for 11 vessels in the first quarter.HMD primarily builds medium-sized conventional ships and specialized vessels.

20 Feb 2019

Port of Oakland Gets Giant Cranes

SSA Terminals, the operator of Oakland International Container Terminal, submitted last week a $30 million order for three 300-foot-tall gantry cranes, which are expected to be delivered in 18 months.The cranes will go to Oakland International Terminal on Oakland Estuary and will become the tallest on the West Coast, port officials said.The project aims to prepare the port to handle the world's largest container ships, which can be up to 1,300 feet long and carry nearly 23,000 cargo containers. The containers can be stacked up to 12-high above deck on the largest vessels, officials said.“This demonstrates the faith that business partners have in Oakland as a trade gateway,” said Port Maritime Director John Driscoll.

16 Jan 2019

DSME Wins Order for Four VLCCs

South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) has clinched a $366 million order to build four units of very large crude carriers (VLCCs) from an unidentified shipper in the Oceanian region.According to a regulatory filing, the four tanker vessels which will be delivered in 2021. This marks the second large VLCC order in under a month.According to Yonhap, DSME is aiming to win $8 billion worth of new orders this year, up 10 percent from last year's order target of $7.3 billion.Last year, the shipyard clinched deals valued at $6.81 billion.South Korean shipyards snatched up deals to build 34 VLCCs last year, accounting for 83 percent of the total placed around the globe for such ships.

03 May 2018

Finnlines Orders Three Ro-ro Vessels

(File photo: Finnlines)

Finnlines, part of the Grimaldi Group, signed a 200 million euro ($240 million) order for three new ro-ro vessels to be delivered from China’s Jinling Shipyard from 2020-2021.The 17,400 DWT vessels will be 238 meters long and have a cargo capacity of 5,800 lane meters plus 5,600m2 of car decks and a capacity of about 300 TEU on the weather deck. The ships are designed to carry all types of ro-ro cargoes, with tank top and main deck areas are shaped with strengthened bulkheads and are free of pillar areas to accommodate paper and sto-ro.“We continue to modernize our fleet further…

27 Feb 2018

DSME Wins $368 Mln Order

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) has won a 394 billion won ($368 million) order for two liquefied natural gas (LNG) carrier vessels from an unnamed firm, Yonhap reported. The shipbuilder is expected to deliver two 170,000 cubic meter capacity LNG carriers to an owner in the Oceania region by September 2020, according to Yonhap.

09 Feb 2018

Four High Speed Ferries Ordered at Aulong

Four 42-meter ferries will be constructed by Aulong for Xidao Dazhou Tourism Co Ltd of China from March 2018 (Image: Aulong)

Aulong Shipbuilding, a joint venture company between Australian shipbuilder Austal and Guandong Jianglong Shipbuilding of China, has secured contracts for four new high speed ferries. Under the recently awarded A$20 million (US$15.6 million) contracts, Aulong will design and build four 42-meter high speed catamarans for Xidao Dazhou Tourism Co Ltd. Construction will commence from Aulong’s Zhongshan shipyard in Guandong Province in March 2018, with delivery scheduled for early 2019.

28 Jan 2018

Hyundai Heavy Bags Canadian Facility Order

South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has won a design contract worth about $500 million for a liquefaction unit to be used for Steelhead LNG’s Kwispaa LNG export project in Canada’s British Columbia, reported Yonhap. Hyundai Heavy will conduct a front-end engineering design (FEED) for the hull of the At-Shore LNG (ASLNG) and build the LNG liquefaction facility for Steelhead LNG Corp., the company said in a statement. The ASLNG facility, scheduled to begin operations in 2024 on the coast of Vancouver, will transform natural gas sent through underground pipelines into 6 million tons of liquefied forms of gas per year. The liquefied gas will be shipped by gas carrier to buyer countries, a company spokesman said.

24 Oct 2017

Hyundai Heavy Signed $400 Million Order to Build 5 VLOCs

South Korea’s Hyundai Heavy Industries (HHI) has clinched a deal worth approximately US$400 million to build five very large ore carriers(VLOCs) from Seoul-based shipper Polaris Shipping. "HHI has signed a $400 Million worth contract to build five 325,000 dwt VLOCs (Very Large Ore Carrier) with Polaris Shipping. It is the option exercised following the contract of ten same class VLOCs with Polaris Shipping on September 25," said a company statement. HHI Group’s shipbuilding affiliates have so far this year won new orders of 110 ships worth $ 6.7 billion, 90% of the $ 7.5 billion annual target. According to Pulse News, Polaris Shipping upon placing an $800 million order with Hyundai Heavy Industries for 10 VLOCs last month had the option to place additional shipbuilding orders.

03 Oct 2017

Saab Multi-Mode Radar for USCG Offshore Patrol Cutter

Defense and security company Saab said it has received a $16.8 million order from the U.S. Navy to provide the Sea Giraffe Agile Multi Beam (AMB), Multi-Mode Radar (MMR) – a 3D, electronically scanned phased array radar – to be deployed on the U.S. Coast Guard’s (USCG) Offshore Patrol Cutter (OPC). The MMR provides high radiated power, selectable waveforms, and modern signal processing to consistently achieve high performance across various marine environments. The initial order covers the procurement of two systems with options for additional radars providing a total potential contract value of up to $118.5 million. “The U.S. Coast Guard is increasingly called upon to support an array of critical missions in the most challenging conditions.

23 May 2017

Samsung Heavy Bags Order for 2 LNG Carriers

South Korea’s Samsung Heavy Industries (SHI) has won a $100 million order to build two liquefied natural gas (LNG) carriers for Korea Line, reports Yohnap. Korea Gas Corp. (KOGAS) has chartered Korea Line to transport LNG from Tongyeong, South Gyeongsang Province (mainland) to Jeju Island for 20 years. Under the deal with Korea Line, SHI will build the ships by December 2019, the company said. One of the two vessels would have LNG bunkering capability. The ships, which can carry up to 7,500 cubic meters of LNG each, will be deployed to transport LNG between local ports, it added. The shipyard would be building expertise in the home-grown containment system, small-scale LNG carriers and LNG bunkering vessels through the order, it said.

24 Apr 2017

Private Equity Boost for Hyundai Samho

South Korea’s Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), said it has attracted 300 billion ($264 million) won investment via pre-IPO. Under the agreement signed with Korean private equity firm IMM Private Equity, HSHI will issue 5.36 million new convertible preferred shares and IMM PE will pay 300 billion won ($264 million) in total to acquire the shares at 56,000 won per share. The deal brings HSHI’s total market value at 2.5 trillion won ($2.2 billion). HSHI said it plans to finalize the approval of the deal early June this year through the meeting of board of directors, and to use the investment to lower its debt-to-equity ratio to 78.1 percent from current 96.4 percent.

20 Mar 2017

First LNG-fueled Aframax Tankers Ordered

Image: Hyundai Heavy Industries Group

Hyundai Heavy Industries’ shipbuilding affiliate Hyundai Samho Heavy Industries (HSHI) said it recently won a $240 million order to build four 114,000 DWT Ice-Class IA aframax tankers from Sovcomflot, the Russia’s state-owned shipping company. The vessels are said to be the world’s first LNG-fueled aframax tankers, and will measure 250 meters in length, 44 meters in width and 21 meters in height. They are scheduled to be delivered from the third quarter of 2018 and to be chartered to Shell.

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