Samsung Wins LNG Ship Orders

Thursday, July 19, 2001
Britain's BG Group Plc agreed to buy two new liquefied natural gas (LNG) ships from South Korea's Samsung Heavy Industries Co. Ltd. with an option for six more ships. BG said the price of the ships was commercially confidential but was less than three percent of BG's market capitalization -- which currently stands at 9.4 billion pounds ($13.3 billion). - (Reuters)

Contracts

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines,

 
 
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