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Hyundai Samho Heavy Industries Co Ltd News

06 May 2022

EDF Charters Fourth LNG Carrier from NYK

For illustration only - Credit: NYK (file photo)

NYK-affiliated company France LNG Shipping has secured a long-term charter contract for a new liquefied natural gas (LNG) carrier with EDF LNG Shipping SAS. The newly built LNG carrier is scheduled for delivery in 2025 from Hyundai Samho Heavy Industries Co. Ltd. This is the fourth NYK vessel on a long-term time-charter contract with the EDF Group.The newly built LNG carrier will be propelled by a WinGD-built, dual-fuel slow-speed diesel engine. The carrier will also feature an Air Liquide–manufactured*** Turbo-Brayton refrigeration system that can tap surplus boil-off gas.

04 Mar 2022

LNG Carrier Elisa Aquila for Edison Delivered

Image courtesy NYK

On March 3, the liquefied natural gas (LNG) carrier Elisa Aquila commercially managed by France LNG Shipping and under a long-term charter contract with Edison SPA, a Milan-based energy company, was delivered.Elisa Aquila will be the second vessel to be chartered to the EDF group, a French electric power company, on a long-term basis (up to 20 years including extension options) and will be engaged in LNG transportation under the ship management of Gazocean, a French ship management company specialized in LNG…

24 Dec 2021

NYK Signs Multi-Year Deal with GAIL (India) Limited for Charter of LNG Carrier

Grace Emilia is equipped with a WinGD-made dual-fuel slow-speed X-DF diesel engine. Photo courtesy NYK

NYK signed a multi-year time-charter contract with GAIL (India) Limited, India's largest natural gas company, for a liquefied natural gas (LNG) carrier. Grace Emilia, the vessel that will be chartered, is equipped with a WinGD-made dual-fuel slow-speed X-DF diesel engine, a unit that has superior fuel-consumption efficiency and can operate on marine gas oil or boil off gas stored in the cargo tank. The vessel also features a re-liquefaction system that can use re-liquefied excess boil-off gas and return it to the cargo tank.The cargo tank has a 174,000 cu.

24 Dec 2021

GAIL Charters NYK's Grace Emilia LNG Carrier

Credit: NYK

India's largest natural company GAIL has agreed to take NYK's liquefied natural gas (LNG) carrier Grace Emilia on a multi-year charter.According to NYK, the vessel is equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e., X-DF diesel engine) that has superior fuel-consumption efficiency and can operate on marine gas oil or boil off gas stored in the cargo tank. The vessel also features a re-liquefaction system that can use re-liquefied excess boil-off gas and return it to the cargo tank.The cargo tank is a 174…

29 Jul 2021

Hyundai Samho Delivers Diamond Gas Victoria LNG Tanker

NYK Youtube Screenshot

Japan's NYK Line said Wednesday it had, as part of Diamond LNG Shipping 6 consortium, taken delivery of the Diamond Gas Victoria LNG gas carrier.The LNG carrier will transport LNG from British Columbia for the LNG Canada project, as well as from other locations around the world, under a long-term time-charter contract with Diamond Gas International, a subsidiary of Mitsubishi Corporation (MC), which has a stake in the LNG Canada project.The vessel was built at Hyundai Samho Heavy Industries and is owned by NYK, Asia LNG Transport Dua Sdn. Bhd.

01 Jun 2021

Shipbuilding: LNG Carrier Diamond Gas Crystal Delivered

Image courtesy NYK

On May 31, the liquefied natural gas (LNG) carrier Diamond Gas Crystal, was delivered, built to transport LNG from LNG Canada project in British Columbia, as well as from other locations around the world, under an 18-year time-charter contract with Diamond Gas International Pte. Ltd., a wholly owned subsidiary of Mitsubishi Corporation (MC) who also has a stake in the LNG Canada project.The ship was built at Hyundai Samho Heavy Industries and is owned by NYK, Asia LNG Transport Dua Sdn. Bhd. (ALT Dua), and MC through the joint venture Diamond LNG Shipping 5 Pte. Ltd.

20 Oct 2020

WE Tech to Equip Six Shell LNG Carriers

(Photo: Shell)

WE Tech Solutions said Tuesday it has been awarded a contract to equip six additional newbuild liquefied natural gas (LNG) carriers that will be chartered to Shell.The Finnish firm said it will deliver six shipsets of its Solution One for the 174,000m³ capacity LNG carriers, which are chartered to energy major Shell LNG via the owners Knutsen OAS Shipping, J.P.Morgan Asset Management and Korea Line Corporation. The order is an option to the earlier eight contracted in March, now also added with a second option for another six more.The vessels are being built by Hyundai Heavy Industries Co.…

10 Apr 2019

NYK Fixes Newbuild LNG Carrier with Edison

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed a contract with Edison SPA, a Milan-based energy company, to charter out a newly built liquefied natural gas (LNG) carrier for up to 20 years, including optional extension periods.The vessel is scheduled for delivery in 2022 from Hyundai Samho Heavy Industries Co. Ltd. The newly built LNG carrier will be propelled by WinGD-manufactured, dual-fuel slow-speed diesel engines.Dual-fuel slow-speed diesel engines are two stroke large bore slow-speed diesel engines able to operate on marine gas oil or boil off gas stored as liquid at cryogenic temperatures.The carrier will also feature an Air Liquide–manufactured Turbo-Brayton refrigeration system that can tap surplus boil-off gas.

17 Mar 2019

Top Ships Adds Tanker to Fleet

Top Ships Inc, which owns and operates tanker vessels worldwide, said that it took delivery of the 50,000 dwt newbuilding product/chemical tanker M/T Eco Marina Del Ray.According to the international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, Eco Marina Del Ray is constructed at the Hyundai Mipo shipyard in South Korea.The Greece-based company also said that the vessel is scheduled to commence its five-year charter employment with Cargill on March 18, 2019.The ship-owning company has recently concluded Financing Agreements with a major Chinese leasing company…

03 Dec 2018

TOP Ships Concludes Suezmax Financing

TOP Ships, an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced that it has concluded Financing Agreements with a major Chinese leasing company, via sale and leaseback transactions of up to $92.5 million for its Suezmax newbuilding vessels with hull numbers 874 and 875, currently under construction at Hyundai Samho Heavy Industries Co., Ltd. in South Korea. The company also announced that it has increased the maximum borrowing capacity of the Family Trading Credit Facility to $25.0 million and that it has drawn down an additional $5.0 million from the Company’s outstanding loan facilities.

11 Oct 2018

FLEX LNG Orders Five LNG Carrier Newbuilds

Flex LNG, the shipping company controlled by billionaire John Fredriksen, is entering into a transaction for the acquisition of five 5th generation LNG newbuildings comprising three MEGI LNG carriers and two X-DF LNG carriers.According to a release from the shipping company, that owns and operates LNG carriers, and floating storage and regasification units, the MEGI LNG carriers are currently under construction at Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) with scheduled delivery in 2020.The X-DF LNG carriers are currently under construction at Hyundai Samho Heavy Industries Co., Ltd. (HHI) with scheduled delivery in 2021…

26 Apr 2018

Euronav Secures Loan for Four Ice-class Suezmaxes

Tanker shipping company Euronav has secured a loan facility providing financing for four ice-class suezmax newbuildings under construction by Hyundai Samho Heavy Industries Co., Ltd., two of which have recently been delivered with the remaining two scheduled for delivery later in 2018.Watson Farley & Williams LLP (WFW) said it acted for Crédit Agricole Corporate & Investment Bank in relation to a $173.5 million loan facility for Euronav NV signed on March 22, 2018. The commercial lenders were Crédit Agricole Corporate & Investment Bank, BNP Paribas Fortis SA/NV and Sea Bridge Finance Limited and The Export-Import Bank of Korea acted as ECA lender.WFW also acted for ING Belgium SA/NV on a $220 million loan facility for Euronav and International Seaways signed on March 29…

07 Jul 2017

Aqualis Lands Audit Work for LNG Carrier

Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, said it has been contracted by Hyundai Samho Heavy Industries Co. Ltd to provide an engineering study of a new-build liquefied natural gas (LNG) carrier the yard is constructing for Teekay LNG. Aqualis Offshore’s work scope is to provide failure modes and effects analysis (FMEA), hazard dentification (HAZID) and hazard and operability (HAZOP) studies for the boil-off gas handling system and fuel gas system on board the vessel. Aqualis Offshore will also provide FMEA-studies of the vessel’s propulsion redundancy and steering system as well as…

04 Jun 2017

Rosneft, Hyundai Samho Strengthen Technological Cooperation

Rosneft and Hyundai Samho Heavy Industries Co. Ltd. (HSHI) signed an agreement under which the South Korean company will provide technical support in the design and construction of Aframax class vessels at the Zvezda shipyard in Bolshoy Kamen. The agreement is a legally binding document. The document was signed as a part of the development of the agreement, under which a joint venture "Zvezda-Hyundai" was established  in May 2017 between Shipbuilding Complex Zvezda and HSHI in the field of engineering and project management. Under the agreement, HSHI provides a list of technical support for the joint venture   forthe design and construction of Aframax type tankers, including those using capable of running on natural gas.

13 Sep 2016

Two VLCCs Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of two very large crude carriers (VLCC).   The Gener8 Perseus was delivered September 9, 2016 from Hyundai Heavy Industries Co., Ltd., and the Gener8 Oceanus on September 12, 2016 from Hyundai Samho Heavy Industries Co., Ltd. Upon delivery, both tankers entered Navig8 Group's VL8 Pool.   The two new tankers represent vessels 14 and 15 of 21 "ECO" VLCCs ordered for the Gener8 Maritime fleet. The shipper has on order four more VLCCs anticipated for delivery in 2016 and two for 2017.

31 Aug 2016

VLCC Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it has taken delivery of the ECO VLCC the Gener8 Macedon on August 30, 2016 from Hyundai Samho Heavy Industries Co., Ltd.   The Gener8 Macedon represents the 13th of 21 ECO VLCCs expected to be delivered into Gener8 Maritime's fleet.    Upon delivery, the Gener8 Macedon entered Navig8 Group's VL8 Pool.

29 Jun 2016

VLCC Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, has taken delivery of the ECO VLCC the Gener8 Constantine on June 27, 2016 from Hyundai Samho Heavy Industries Co. Ltd.   The Gener8 Constantine represents the 11th of 21 ECO VLCCs expected to be delivered into Gener8 Maritime's fleet.   Upon delivery, the Gener8 Constantine entered Navig8 Group's VL8 Pool.

27 Jun 2016

The Historical Passage of Cosco Shipping Panama

The Chinese giant Cosco Shipping  has made the inaugural transit on Sunday June 26, 2016  through the expanded Panama Canal expansion project , event appreciated by thousands of people in Agua Clara lock province of Colon. Spectators watch as the Neopanamax cargo ship, Cosco Shipping Panama, makes its way through the new Agua Clara locks, part of the Panama Canal expansion project, near the port city of Colon, Panama. The container vessel had set sail from the Greek Port of Piraeus today on its way to Panama to make history. The ship carrying more than 9,000 containers entered the newly expanded locks that will double the Panama Canal's capacity in a multibillion-dollar bet on a bright economic future despite tough times for international shipping.

29 Apr 2015

MacGregor Delivers Major Winch for Korean Heavy Lift Barge

Following an order announced in October 2013, MacGregor, part of Cargotec delivered and commissioned 45 variable frequency drive (VFD) winches and a full control system for the recently completed heavy-lift crane barge Hyundai HLV-10000, one of the largest heavy lift vessels in the world. Hyundai Samho Heavy Industries Co Ltd, a subsidiary of Hyundai Heavy Industries, built the large floating crane to meet the increasing demands for heavyweight shipbuilding support activities, along with offshore lifting operations. "This delivery extends MacGregor's heavy lift vessel portfolio," says Francis Wong, Head of Sales and Marketing at Offshore Deck Machinery at MacGregor.

25 Apr 2016

VLCC Gener8 Nautilus Delivered

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of the ECO VLCC the Gener8 Nautilus on April 20, 2016 from Hyundai Samho Heavy Industries Co., Ltd. The Gener8 Nautilus represents the ninth of 21 ECO VLCCs expected to be delivered into Gener8 Maritime's fleet.  Upon delivery, the Gener8 Nautilus entered Navig8's VL8 Pool.

15 Jun 2015

Teekay, BP Enter Deal for Newbuild LNG Tankers

Teekay LNG Partners L.P. announced that it has entered into a 13-year time-charter contract with BP Shipping Limited (BP) for one liquefied natural gas (LNG) carrier newbuilding, plus an option exercisable by BP by the end of the third quarter of 2015 for one additional LNG carrier under similar terms. The vessels, including the optional vessel if exercised, will primarily provide LNG transportation services for BP’s LNG volumes from the Freeport LNG project located on Quintana Island near Freeport, Texas, which consists of three LNG trains with a total capacity of 13.2 metric tons per annum, scheduled for start-up in 2018. In connection with signing the contracts with BP…

12 Jun 2016

COSCO's Vessel Departs Greece for Inaugural Transit through Extended Panama

The container vessel COSCO Shipping Panama set sail from the Greek Port of Piraeus today on its way to Panama to make history. The Neopanamax vessel will make the inaugural transit of the Expanded Panama Canal on Sunday, June 26, after a 14-day journey. Panama Canal Administrator Jorge L. Quijano met with COSCO Shipping Panama’s Captain Jude Rodrigues and crew members prior to the ship’s departure. “I am very excited to be here today to witness the sailing of the ship from Greece, but also meet the Captain and his crew,” said Administrator Quijano. “We are very pleased to be here watching it leave from Port of Piraeus. “I had transited the Panama Canal many times before and it has been a great experience…

01 Feb 2015

Scorpio Takes Delivery of STI Veneto

Scorpio Tankers Inc. has taken delivery of STI Veneto, an LR2 product tanker from Hyundai Samho Heavy Industries Co., Ltd. This vessel will begin a voyage for 60 days at approximately $32,000 per day. With this Scorpio Tankers owns 63 tankers (nine LR2 tankers, two LR1 tankers, 15 Handymax tankers, 36 MR tankers, and one post-Panamax tanker) with an average age of 1.3 years, time charters-in 21 product tankers (six LR2, five LR1, three MR and seven Handymax tankers), and has contracted for 18 newbuilding product tankers (nine MR and nine LR2), four of which are expected to be delivered in the first quarter of 2015, ten of which are expected to be delivered in the second quarter of 2015 and the remaining four vessels throughout 2016.