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Wins Orders

Samsung Wins $500 M In Orders

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 Wins Orders from Norway and Greece

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.

Korean Shipyards Said to Win LNG Deal

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

Royal Caribbean Choose ABB Azipods for Two Newbuildings

Azipod by ABB: Photo credit ABB

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

Qatar Gets 3 Korean Shipbuilders $7b Jackpot

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

Imtech Wins $141M in Orders

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

Daewoo wins $1.1B LNG Orders

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.

Daewoo Shipbuilding Wins Order from Transocean

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 & Wolff Lays Off 280

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

Cosco Shipbuilding on the Rise

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.

Edison Chouest to Build 13 Damen Tugs

Image: Damen

Marine transportation provider and the United States’ largest operator of OSVs, Edison Chouest Offshore (ECO), has teamed up with Damen to build 13 heavy duty mooring assistance and escort tugs. The vessels will be built in the U.S. using ECO’s network of five shipyards with support

Chinese Leasing Companies Role in Ship Finance

Graph: Clarksons Research

 Clarksons Research takes a look at Asian shipping finance that has increased in prominence globally with finance from the traditional lending base more difficult for many to access since the global financial crisis.   Within this wider trend

DSME to Build Two VLCCs for BW Group

Photo: Daewoo Shipbuilding & Marine Engineering

 South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received a 200 billion won (US$179.2 million) order to build two oil tankers for Singapore-based oil and gas transporter BW Group.   According to Yonhap

Asian Shipyards: Outside The Usual Suspects?

Graph: Clarksons Research

 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.  

DSME to Manage Iranian Shipbuilder

Pic: Iran Shipbuilding & Offshore Industries Complex co .

 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.  

Sembcorp Profit Halved as Clients Defer Projects

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.

Yangzijiang Bags Orders for Six VLOCs

Photo: Yangzijiang Shipbuilding Group

 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

ABB To Help Save Venice From the Sea

Barriers Venice Photo ABB

 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)

Cathelco Wins Trio of Orders for ICCP Systems on FPSOs

Photo: Cathelco

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

Creditors to Pump $3.7B into Ailing DSME

Image: DSME

 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.  

Korean Shipbuilders in Red

Photo: Samsung Heavy Industries

 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

Hyundai Sees Mega Ships Leading Global Demand

Pic: Hyundai Heavy Industries Co

 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.  

Samsung to Build Three Shuttle Tankers for Teekay Offshore

A 150,000DWT shuttle tanker built by Samsung Heavy Industries. Photo: Samsung Heavy Industries

 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

Daewoo Shipbuilding Eyes Maersk Boxship Order

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

ABB wins Brazil $30 mi Wind Farm Order


  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

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