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GasLog in LNG Charter Deal with JERA
Monaco-based liquefied natural gas (LNG) shipper GasLog has agreed a 12-year charter contract with world’s largest LNG buyer, Japan’s JERA.The LNG vessel owner said…
DNV GL Okays INTELLIMAN Ship Software
DNV GL announced that Samsung Heavy Industries (SHI) INTELLIMAN Ship software complies with the EU-MRV and IMO-DCS regulations.The classification society said in…
Petrobras Sues Samsung Heavy Industries
Samsung Heavy Industries said on Wednesday that Petrobras America filed a lawsuit against the South Korean shipbuilder with a U.S. court, claiming 283 billion won ($249.32 million) in damages.Petrobras America claimed that it paid excessive charter fees for a drill ship built by Samsung Heavy, Samsung said in a regulatory filing. Samsung delivered the vessel to U.S.
SHI Receives New LNGC Order
South Korea’s Samsung Heavy Industries (SHI) has signed a deal for the construction of one more liquefied natural gas (LNG) carrier.The shipbuilder said in a stock…
GasLog Warsaw Secures Charter with Endesa
Monaco-based liquefied natural gas (LNG) shipper GasLog Ltd signed a new long-term charter deal with a unit of the Spanish utility company Endesa for its newbuild vessel…
SHI Cuts Steel on 4th Teekay Shuttle Tanker
Furst steel was cut on Monday at Samsung Heavy Industries (SHI) in South Korea for the fourth and final E-Shuttle tanker in a series for Teekay Offshore. The final vessel will be named Current Spirit.The 130,000 dwt vessels will operate on both liquefied natural gas (LNG) as the primary fuel, and a mixture of LNG and recovered volatile organic compounds (VOCs) as secondary fuel. According to Teekay…
Teekay, Samsung Opt for Hydroniq Coolers
Norwegian supplier Hydroniq Coolers has won contracts from Samsung Heavy Industries Co. Ltd. (SHI) to deliver the cooling system for the engines of the six LNG-fuelled…
GTT Wins SHI LNG Tank Design Deal
GTT won an order from Samsung Heavy Industries (SHI) for the tank design of a new 174,000 cu. m. LNG carrier (LNGC), on behalf of the Danish ship-owner Navigare.The…
SHI Turned Down Offer to Buy DSME
Samsung Heavy Industries turned down an offer to take over rival shipbuilder Daewoo Shipbuilding & Marine Engineering, the top shareholder of Daewoo said on Tuesday.State-funded Korea Development Bank (KDB), which holds a 56 percent stake in Daewoo, said it aims to sign a deal to sell the shipbuilder to sole bidder Hyundai Heavy Industries once its board approves it in early March.Hyundai Heavy, the world's biggest shipbuilding group…
FLNG Market Grows a CAGR of +93%
Global floating liquefied natural gas (FLNG) market is growing at a CAGR of +93% during forecast period 2019-2026 as the demand for natural gas has been rising as…
GTT Wins SHI's LNG Tank Design Order
French LNG containment specialist GTT (Gaztransport & Technigaz) has announced that it has received an order from Samsung Heavy Industries (SHI) concerning the tank…
World's Largest Shipbuilders in $2 Bln Mega-merger
Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.The move comes as the worldwide shipbuilding sector recovers from a global economic downturn that led to massive losses…
Hyundai Heavy Seeks to Acquire DSME
South Korea's "Big Three" shipbuilders may soon become the "Big Two". South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its rival Daewoo…
Hyundai Heavy Mulls Stake in rival Daewoo
South Korea's Hyundai Heavy Industries Group, the world's biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday.The comments follow the group's holding firm saying on Monday it planned to sell part of its stake in refiner Hyundai Oilbank to Saudi Aramco for as much as 1.8 trillion won.State-funded Korea Development Bank (KDB) holds a 55.7 percent stake worth 2.16 trillion won ($1.94 billi
SHI Wins Order for LNG Carrier Pair from Celsius Tankers
South Korean shipbuilding giant Samsung Heavy Industries(SHI) has won a new order to build two liquefied natural gas (LNG) carriers from Copenhagen-based Celsius…
Qatar Mulls Buying 60 New LNG Carriers
Qatar’s energy minister Saad Sherida Al-Kaabi, who also serves as deputy chairman of Qatar Petroleum (QP), outlined plans to order 60 new liquefied natural gas (LNG) carriers.Reuters…
eMARINE Global Wins Warship ECDIS Contract with Hanjin Heavy
The provider of information and communications technology for the maritime industry eMARINE Global announced its second contract with Hanjin Heavy Industries & Construction…
GasLog's LNG Pair to be Built at SHI with GTT Tank
Gaztransport & Technigaz (GTT) announced that it has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two LNG carriers…
Shipbuilding: SHI Eyes Fat Order Book in 2019
South Korean shipbuilder Samsung Heavy Industries (SHI) expects to increase orders by almost 24 percent in 2019 compared to last year.According to Yonhap, SHI is…
Gaslog Orders Two LNG Carriers at Samsung Heavy
The Monaco-based international owner, operator and manager of liquefied natural gas (LNG) carriers, GasLog Ltd said that two 180,000 cubic meter LNG carriers with…