Samsung Wins Tanker Contract

Tuesday, November 15, 2005
According to a Korea Herald report, Samsung Heavy Industries Co. won a $422.5 million deal to build three arctic tankers for Russian state-owned shipper Sovcomflot. Samsung is the first Korean shipbuilder to receive an order for ice-breaking oil-carriers. Sovcomflot plans to operate the artic tankers over the Barents Sea between the Varandiy oil well in the Arctic Ocean and Murmansk harbor in Russia, according to the report. As oil development in the arctic region progresses, demand for at least 20 arctic tankers is expected by 2015. Source: The Korea Herald

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Idling Fleet Continues to Surge

Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.

Egypt to Complete East Port Said Side Channel in 2016

Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016,

Concordia Maritime Charters MR Tanker

Concordia Maritime has signed a contract for the charter of an IMO2/3 class MR tanker, the company announced today. The vessel will be chartered jointly with Stena Weco,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0593 sec (17 req/sec)