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IHC Engineering’s Largest Project to Date
On May 31, IHC Engineering Business (EB) will reach a major milestone when their largest project to date, a 2,000t capacity J-Lay system for the Saipem FDS2 (Field Development Ship)…
Shipbuilding Orders to Surge on Energy Demand
According to a May 17 report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipyard by orders, aims to almost triple contracts…
Korean Shipbuilding Faces Tough Future
According to a May 12 report from The Korean Times, Korean Shipbuilding companies face a tough future. In the 2000s, the shipbuilding business was a cash cow for Korea Inc.…
ABS New Council and Committee Members
Melvyn J. Dennett, Admanthos Shipping Agency, Inc. Jim Bradford, General Manager – Operations, Gulf Offshore N.S. Dr. William J. Dr. David W. Costas M. Fostiropoulos, Chairman, Almi Tankers S.A. Dr.
NAT Increases Fleet to 20 Vessels
Nordic American Tanker Shipping Limited announced that it has entered into a preliminary agreement with Samsung Heavy Industries Co., Ltd., a leading Korean shipyard…
Samsung Heavy to Secure 1,000 More Patents
According to an April 7 report from The Dong-A Ilbo, Samsung Heavy Industries said it will acquire about 1,000 more patents by investing $445m in the development…
Alfa Laval’s PureBallast for Australian Navy
Alfa Laval has sold more than thirty PureBallast systems in the last year. One of the most prominent orders is one that involves two PureBallast systems for the Royal Australian Navy. The two Australian systems, which will be the first PureBallast installations for naval use, will be fitted aboard the Australian LHD (Landing Helicopter Dock) vessels to be built by Spanish shipyard Navantia Ferrol.
Agreement to Develop Gas-Fueled Ships
Wärtsilä and Samsung Heavy Industries (SHI) have signed a co-operation agreement to develop gas-fuelled merchant vessels. The intention is to jointly develop next…
Prelude Floating LNG Facility
Shell signed two contracts with the Technip and Samsung Heavy Industries consortium for the Prelude floating liquefied natural gas (LNG) project off the coast of Western Australia.
MAN B&W Tier-II Engine Ready for Delivery
The first Tier-II compliant MAN B&W engine has finished production at HHI-EMD (Hyundai Heavy Industries Engine & Machinery Division) in Korea and is ready for delivery. The low-speed, two-stroke MAN B&W 6S50ME-C7 type engine will power a shuttle tanker (hull number 1749), currently under construction by Samsung Heavy Industries Co., Ltd., and ordered by Teekay, global provider of marine services to the oil and gas industry. Ship delivery is planned for July this year.
Delivery GDF Suez Neptune
The first shuttle and regasification vessel (SRV) co-owned by Höegh LNG and Mitsui O.S.K. Lines, Ltd. (MOL) was completed at Samsung Heavy Industries in South Korea, and was delivered to the GDF Suez group on November 30, 2009. It will serve on a long-term charter contract between the parties. GDF Suez Neptune is the first of two SRVs which was constructed in order to provide LNG transportation services to the Neptune LNG Deep Water Port off the coast of Gloucester, Massachusetts, U.S.
Dresser-Rand Selected Supplies UA Shipping Co.
The United Arab Shipping Company has selected Dresser-Rand Company Limited, a subsidiary of Dresser-Rand Group Inc. (NYSE:DRC) , to supply turbo-compound energy…
Siemens Supplies UASC Newbuilds
The United Arab Shipping Company (UASC), U.A.E., commissioned the Siemens Industry Solutions Division to equip nine of its new-building container ships each with…
SNAME Focused Panel Sessions, 2009 Meeting
The focused panel sessions at the Society of Naval Architects and Engineers (SNAME) Annual Meeting and Expo (October 21-23 at the Rhode Island Convention Center in Providence…
Floating LNG Contracts to Technip, Samsung
Shell Gas & Power Developments BV signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years. Shell and Technip-Samsung also signed a contract for execution of the front end engineering and design (FEED) for Shell's 3.5 million tonne per annum (mtpa) FLNG solution.
Shell Signs Mega FLNG Deal
Shell Gas & Power Developments BV (Shell) signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years, the company reported. Shell and Technip-Samsung also signed a contract for execution of the front end engineering and design (FEED) for Shell's 3.5 million ton per annum (mtpa) FLNG solution.
Shipbuilders Rally as Hope Builds
Shipbuilder stocks in Korea rallied today, apparently fueled on hopes the shipbuilding industry had hit bottom in the second quarter and that demand for new vessels…
Dryships Agreement on $1.1b of Debt
DryShips Inc. (NASDAQ:DRYS) announced that it has reached agreement on waiver terms with Deutsche Bank AG, lender and Mandated Lead Arranger on $1.125b facility.
Danaos Corp 1Q Report
Danaos Corporation (NYSE: DAC), an international owner of containerships, reported unaudited results for the period ended March 31, 2009. • Net earnings on a…
Euronav 1Q 2009 Results & New Financing
The executive committee of Euronav NV (Euronext Brussels: EURN) reported its financial results for the three months ended 31st March 2009. All figures have been…