Samsung Heavy Industries Co. has won $500 million in orders to build eight ships for Greek, German and British companies, according to company officials. Samsung received orders for four containerships from Greece's Danaos Shipping Co. and orders for two containerships from German Nordcapital. The containerships cost $60 million each. The company also won orders for two VLCCs at $70 million each from Britain's N.S. Lemos Shipping Co. Samsung will deliver the containerships beginning in April 2001 and the VLCCs beginning at the end of 2001. Samsung officials said the company has won orders for 31 ships totaling 1.8 million tons so far this year.
Daewoo Shipbuilding & Marine Engineering Co Ltd has won orders from Norway and Greece worth $530M. The shipbuilder said it secured an order from Norway's Odfjell Invest I Ltd to build a semi-submersible drilling rig and a deal from Kristen Navigation Inc of Greece to build a very large crude-oil carrier (VLCC), taking its order book to 2.29 bln usd so far this year. The company did not disclose the financial terms of the individual deals.
Qatar is becoming a goldmine for Korean shipbuilders as the top three companies won orders for liquefied natural gas (LNG) tankers worth $7 billion. Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries have won combined orders of 34 LNG tankers since 2004. The shipbuilders are hoping to share another 10 orders, when they are commissioned next month. The LNG carriers are high-yield orders
According to reports, Qatar is expected to hire three South Korean shipbuilders to build 44 liquefied natural gas carriers for a total of $10 billion. The joint project between U.S. energy giant Exxon Mobil Corp. and state-run Qatar Petroleum Co. calls for transferring 15.6 million tons of LNG from Qatar to Exxon Mobil`s terminal in the United States. Daewoo Shipbuilding & Marine Engineering Co., Samsung Heavy Industries Co. and Hyundai Heavy Industries Co
Transport, engineering and trading company Internatio-Mueller NV said on Thursday its Imtech division had won orders from three shipyards worth a total of 345 million guilders ($141.6 million). Imtech will install heating and air conditioning equipment, sprinkler systems and information and communication technology on 10 cruise ships which are under construction. The order was awarded by Meyer Werft and Blohm & Voss in Germany and by French shipyard Chantier de l'Atlantique
ABB wins order for Azipod propulsion & electrical systems for two new 4,100 passenger cruise ships ABB, the leading power and automation technology group, has won orders worth more than $60 million to provide complete power and Azipod propulsion systems for two new cruise ships to be built by Meyer Werft at its shipyard in Papenburg, Germany for Royal Caribbean Cruises Ltd (RCL). The new ships are the first vessels in Royal Caribbean’s new class of cruise ships
Daewoo Shipbuilding & Marine Engineering Co won a $270M order from Transocean Inc. to build a drill ship. The vessel will be delivered by September 2008 and used to explore oil reserves in the Gulf of Mexico. Source: xinhua
Harland and Wolff said it would lay off 280 workers this week. The shipyard recently secured its future by winning orders for four ferries worth $456 million and two cruise liners worth $350 million, but they will only take effect towards the end of the year. "There is the order for the four Ropax ferries and there is also a letter of understanding for two luxury cruise liners. However there is a time lag until the full benefit of these orders feeds through
South Korea's Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipyard, said on Monday it has won orders worth $1.1 billion for four LNG (liquefied natural gas) ships. The company said in a filing to the Korea Stock Exchange Bergesen of Norway had placed an order for three LNG carriers, although did not give the buyer of the fourth ship.
Cosco Corp. Singapore Ltd., the shipbuilding and repair unit of China's shipping line, rose in the stock market after it won orders totaling $422 million to convert and build tankers, according to a Bloomberg report. A Norwegian customer reportedly placed the order to build two shuttle tankers, scheduled for delivery in 2010 and 2011.
China’s biggest private shipbuilder Yangzijiang Shipbuilding Holdings Ltd has won orders for six dry bulk carriers worth a combined US$510 million. The 400,000 DWT very large ore carriers (VLOCs) are the largest dry bulk carriers ever awarded to the group
Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces prolonged uncertainty on contracts from its biggest client, Sete Brasil, whose shareholders have approved its bankruptcy.
Daewoo Shipbuilding & Marine Engineering Co. (DSME) has signed a business agreement with the Iranian government on operation and technology instruction for Iranian state-run shipbuilder Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO), reports the Pulse.
Although many builder countries struggled to win new orders in 2015, yards in the Philippines, Vietnam and Taiwan managed to increase their combined share of global ordering to its highest level on record, says Clarksons Research.
Hanjin Heavy Industries is trying hard to retain its leadership by reviving the shipyard in Subic Bay, the Philippines. Since running at full capacity in 2009, the Subic Shipyard has won orders continuously, surpassing $5 billion dollars in sales in 5 years
As the global shipbuilding orders have declined due to fall in oil prices, the South Korean shipbuilders have also experienced a steep fall in order levels too, says latest data. Industry data by global market researcher Clarkson Research Services released today (Friday) revelealed that
ABB has won orders worth $60 million to deliver complete electrical power plant and propulsion systems for two new vessels for Star Cruises operated by Genting HongKong and to be built by Meyer Werft at its shipyard in Papenburg, Germany. The orders were booked during 2014.
ABB has won orders worth around $30 million from Casa dos Ventos, a leading renewables company in Brazil, to provide substations and related power infrastructure enabling the efficient integration of power from two new wind complexes (comprising 13 wind farms) into the country’s
South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) is in talks with a unit of A.P. Moller-Maersk for a potential order to build ultra-large container ships, a DSME spokesman said on Monday. DSME is close to winning an order for some 11 container ships of 20
Samsung Heavy Industries (SHI) has announced that it is to build three shuttle tankers for Teekay Offshore Partners, at a total price of $365m and the contract includes an option for an extra vessel. The contract was signed in Oslo where Nor-Shipping 2015 was held
As the demand for mega vessels has increased, Hyundai Heavy Industries Co. expects mega- sized container ships to lead global orders until early next year as shipping companies seek ways to cut costs, reports Bloomberg. Hyundai Heavy is the world’s biggest shipbuilder.
South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships. The shipbuilders' earnings are expected to remain in the doldrums until the first half of 2016
Creditors of South Korea's Daewoo Shipbuilding and Marine Engineering Co. will pour 4.2 trillion won about (US$3.68 billion) into the ailing shipyard to help it get back on track, the main creditor bank said, according to South Korea's (Yonhap) News Agency.
Cathelco have won orders to supply hull corrosion protection systems for three FPSOs. Two of the systems are being supplied to MODEC, while the third will be installed by Sembcorp Marine’s Jurong yard in Singapore. The FPSO Cidade de Campos dos Goyatacazes is being built by MODEC
ABB to deliver advanced integrated automation and electrical solution for largest Italian public work project of the last century. ABB will supply the complete integrated electrical and automation system for Mo.S.E. (the Italian acronym for experimental electro mechanic module)