Hamworthy Wins Orders for 8 LNG Reliquefaction Systems
Hamworthy PLC said it won orders to supply 8 LNG reliquefaction systems worth over 20 mln stg and said the deliveries will be made during 2008. Hamworthy said Daewoo Shipbuilding and Marine Engineering Co Ltd ordered equipment for seven LNG carriers, while Samsung Heavy Industries Ltd has ordered equipment for one vessel. Source: AFX News
STX Shipbuilding Wins Orders
According to wire reports, STX Shipbuilding of South Korea has won orders from two companies for seven chemical product carriers for a combined $210 million. Four 70,500-dwt product tankers are reportedly destined for SAF Bulk Maritime of South Africa, while three 45,800-dwt carriers are said to be going to Arminter of Monaco by the end of 2004.
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.
Major Chinese Shipbuilder Sees Profits Nose-dive
China Rongsheng profit dives as new ship orders dry up. China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, posted its sharpest fall in half-year profit - down 82 percent - on a dearth of new orders, putting further pressure on its stretched balance sheet reports Reuters. In a stubbornly downbeat global economy, the shipping industry has suffered widespread losses, with many small and medium sized Chinese builders close to bankruptcy as bankers cool on a sector struggling with a glut of vessels ordered during the boom times. The company said it won orders for just two new vessels with a total contract value of $55.6 million. In the first half of last year it won orders for 24 vessels worth $1.08 billion. Source: Reuters
Royal Caribbean Choose ABB Azipods for Two Newbuildings
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, currently named “Project Sunshine.” The 158,000-gt ships will have a capacity of more than 4,100 passengers…
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. It has set a full-year target of 10 bln usd for overseas orders. Souce: xinhuafinance.com
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. won orders for a combined 34 LNG carriers between June 2004 and last month and are expected to win orders for 10 more vessels by the end of April, JoongAng Ilbo reported Wednesday. Source: UPI
Samsung Heavy $630M Orders for Tankers, Offshore Platform
Samsung Heavy Industries Co., South Korea's third-largest shipbuilder, said it has won orders worth a combined $630m for five oil tankers and an offshore. Under the deal with a Norwegian customer, Samsung Heavy will deliver the oil tankers by 2013. Another deal with a U.S. customer calls for the shipbuilder to deliver the offshore facility by 2013. With the deals, Samsung Heavy has won deals valued at $6.1b in 2010. For the year, Samsung Heavy aims at winning $8b worth of orders.
Daewoo Lands $340 Million LNG Order
South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it had won a combined $340 million order to build liquefied natural gas (LNG) carriers from Belgium and Norway. Daewoo Shipbuilding won orders to build a $170 million LNG ship each from Belgian shipping group CMB unit Exmar and Golar LNG of Norway, a company spokesman said. Daewoo's LNG orders totaled 10 ships worth $1.7 billion so far this year, he said.
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, as they are equipped with large spherical or box-shaped storage tanks, which are technically difficult to build but are lucrative for the makers. The carrier¡¯s average price exceeds $200 million, which is about three times more expensive than standard-size container ships whose price is around $70 million.
Daewoo Wins Orders
According to reports, Daewoo Shipbuilding and Marine Engineering has said it had won 1.1b dollar in orders to build an oil rig and a drilling ship for Brazilian and U.S. clients. Brazil's Petroserv SA has ordered the semi-submersible drilling rig while Transocean Inc of the United States has ordered the drillship, the shipbuilder said, disclosing no further details on contract terms. The latest deals brought the firm's total orderbook for this year to 36 vessels worth 7.76b dollars. It targets 10b dollars in new orders this year. Source: AFP
South Korean Shipbuilders Profit from Mideast Orders
South Korean shipbuilders and construction companies are enjoying benefits from profitable orders from overseas, particularly Mideast countries that have huge currency reserves thanks to strong crude oil prices. The country’s three main shipbuilders have clinched contracts worth $18b in the first quarter, up more than 400 percent from a year earlier. They have already attained over 40 percent of their yearly targets. Hyundai Heavy Industries Co., the world’s largest shipbuilder, and its two affiliates won orders worth $5.1b in the January-March period, compared with their full-year target of $12.5b. Hyundai Heavy alone received $2.3b worth of orders in the first quarter, approaching its yearly target of $7.4b.
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.
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 Shipbuilding Wins $530M in Orders
Daewoo Shipbuilding & Marine Engineering Co Ltd has won orders from Norway and Greece worth $530 million. The shipbuilder 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 billion so far this year. The company did not disclose the financial terms of the individual deals. It has set a full-year target of 10 bln usd for overseas orders. (Source: Forbes)
Report: Hyundai Wins $900m Offshoe Order
According to a report on Yonhap News, Hyundai Heavy Industries won a $900m deal for offshore platforms and other facilities off the coast of Africa. Hyundai Heavy reportedly will build two offshore gas platforms and other facilities by the end of 2014. With the contract, Hyundai Heavy has won orders valued at $19.8 billion thus far this year.
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, unfortunately making these redundancies necessary," a spokesman said.
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
Daewoo Shipbuilding Wins Orders Worth $600m
Daewoo Shipbuilding & Marine Engineering Co., has won three orders worth a combined $600m to build six ships for three companies in Russia, Africa and Europe. Daewoo Shipbuilding & Marine Engineering will construct two crude oil carriers for Sovcomflot Group, Russia's largest shipping company, two tankers for a company in Liberia and two car carriers for Leif Hoegh & Co., a Norwegian shipper. The ships will be delivered to the companies by January 2011. Source: Business in Asia Today
Daewoo wins $2.1B Order
According to a report on Antara News (www.antara.co.id/en) Daewoo Shipbuilding & Marine Engineering Co. won orders valued at $2.1 billion to build 10 vessels. The deal from a European shipping company calls for the delivery of nine container ships and one drill ship by December 2011.
China Shipbuilding Winning More Orders
According to a report from Bloomberg, China State Shipbuilding Corp.'s orders improved significantly from a year ago as the global economy and shipping business recovered, a company executive said. The state-owned company has won orders of about 40 million deadweight tons through the year 2012. Chinese shipyards almost doubled production in the first four months of the year as the end of the credit crunch and rebounding global trade revived demand for new ships. (Source: Bloomberg)
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.
SHI Inks Orders for 5 Ships at Posidonia
Samsung Heavy Industries (SHI) apparently found no troubles in Greece this year, as the company reports inking a deal for five ships at Posidonia 2010, meaning its contracting amount has reach $3.3 billion in 2010, more than double the annual contracting amount of the previous year. SHI won orders for five 158,000 t SUEZMAX-class oil tankers during Posidonia 2010. Samsung Heavy Industries focused on attracting shippers and winning contracts at Posidonia 2010, the ship fair that was held starting on June 5, 2010, and participated in by over 1,700 businesses. CEO Roh In-Sik and the Sales Manager fully supported the Company’s efforts to win more contracts. Their efforts paid off when they secured a contract to build five oil tankers on June 10, 2010, the final day of the fair.