samsung heavy industries news

Companies Swap Accusations over Oil Spill

Mar 03, 2008

Defense lawyers from rival companies wrangled over who was to blame for South Korea's worst oil spill as the trial resumed of five people accused of negligence, according to AFP.

GEM Places Aframax Tanker Orders

Feb 27, 2008

Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has awarded South Korea’s Samsung Heavy Industries Co.

RasGas Adds Seven New Ships to LNG Fleet

Feb 21, 2008

RasGas Company Limited (RasGas), the Qatar based premium LNG exporter, continues to grow its fleet to meet global demand. RasGas, Teekay Nakilat and J5 name

SKorean Shipbuilders Lower on Steel Price Concerns

Feb 20, 2008

Shares of shipbuilders and automakers were lower in late morning trading as investors react belatedly to the possible increase in steel prices, reports indicated Hyundai

Hyundai Heavy Leads Shipyard Decline on Prices

Jan 29, 2008

Hyundai Heavy Industries Co., led a decline in South Korean shipyard stocks in Seoul trading on concern prices for new vessels may drop. Hyundai Heavy fell 5.

Pride Expands Deepwater Capabilities

Jan 24, 2008

Pride International is continuing the expansion of its deepwater fleet, following a multi-year contract award from a subsidiary of Petroleo Brasileiro S.A. (Petrobras)

Five Indicted in S. Korea Spill

Jan 22, 2008

South Korean prosecutors have reportedly charged five people, including the captain of a Hong Kong-registered tanker, following the nation's worst oil spill last month, according to an AFP report.

Report: HHI Leads Drop in Shipbuilding Stocks

Jan 17, 2008

According to reports, Hyundai Heavy Industries Co., led declines among shipyard stocks on concern of fewer orders for vessels this year after bulk rates fell the most since June 1989.

Korea's Shipbuilding Industry Update

Jan 09, 2008

According to English.chosun.com, Korea's southern island Geoje has a 400-hectare plot where 26,000 shipbuilders are hard at work. The shipyard owned by Daewoo Shipbuilding

Seaspan Signs Contract for Five Ships

Jan 04, 2008

Seaspan Corp has signed contracts for Samsung Heavy Industries Co Ltd to build five new 4,520 TEU container ships. Seaspan has also completed more than $900 million

OSI Signs Agreement for Shuttle Tanker

Jan 04, 2008

Ocean Shipholdings, Inc. (OSI) has signed an agreement with ConocoPhillips and Samsung Heavy Industries. This agreement grants OSI the rights to the GoMAX 550 shuttle

Estonia to get new Icebreaker

Jan 03, 2008

The Estonian Maritime Administration has awarded a contract to Aker Arctic Technology Inc, Helsinki, Finland, for designing a new multipurpose icebreaker. The value

Samsung Heavy to Build 4 Rigs

Dec 26, 2007

South Korea's Samsung Heavy Industries Co, said it has secured new orders worth a total of $2.41b. The company said it won a $1.15b dollar contract to build

Danaos Orders TEU Post Panamax Containerships

Dec 12, 2007

Danaos Corporation announced that it has ordered three 10,100 TEU containerships. All three Post Panamax containerships will be built by Hyundai Samho Heavy Industries

Danaos Orders 3 Containerships

Dec 11, 2007

Danaos Corporation ordered three 10,100 TEU containerships from Hyundai Samho Heavy Industries. The ships are expected to be delivered to Danaos in January, February and March of 2011.

Finaval to Double Fleet after IPO

Nov 13, 2007

Italian tanker company Finaval SpA reportedly announced the proceeds of its initial public offering will be used to double the capacity of its fleet and to seize any future M&A opportunity.

Zim to Buy Eight Ships for $1.36B

Oct 30, 2007

Israel Corp. subsidiary Zim Integrated Shipping Services Ltd. said it had placed an order to purchase eight mega container ships from the South Korea’s shipyard Samsung Heavy Industries Co.

FLEX LNG Orders Third LNG Vessel

Oct 26, 2007

FLEX LNG ordered its third 90,000 cubic meter (3.1 MMcf) SPB liquefied natural gas (LNG) vessel this year from Samsung Heavy Industries. The vessel will be identical

STX Shipbuilding Gains on Stake Purchase in Aker Yards

Oct 25, 2007

STX Shipbuilding Co., the first South Korean yard in China, had its biggest two-day gain in more than a week in Seoul on optimism the purchase of a stake in Norway's

MAN B&W Marks LNG Milestone

Oct 17, 2007

The three new ships are part of a Qatargas package of 45 LNG carriers with MAN B&W two-stroke prime movers Three of the world’s largest LNG-carriers successfully

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