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Euronav NV Implements Tanklog Transaction
Euronav NV completed the first tranche of the implementation of the Tanklog transaction. Five newbuilding contracts and two bareboat time charter contracts were…
Teekay Awarded Four Long-Term LNG Contracts
Teekay Shipping Corporation announced that it has been awarded contracts to charter four 217,000 m3 liquefied natural gas ("LNG") carriers to Ras Laffan Liquefied Natural Gas Co.
CP Ships Announces Deployment of Newbuilds
deployed in its US East Coast-Indian Sub-Continent service. Kanha and Corbett. coming in early January 2006. costly short-term chartered ships. "We have been looking…
Finaval to Double Fleet after IPO
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
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. Ltd.
FLEX LNG Orders Third LNG Vessel
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…
Transocean Forms JV for Two Drillships
Transocean Inc. announced that a subsidiary has exercised its option to purchase a 50 percent interest in a joint venture company with Pacific Drilling Limited.
STX Shipbuilding Gains on Stake Purchase in Aker Yards
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
Three of the world’s largest LNG-carriers successfully tested their propulsion packages at the end of last month. Each vessel is powered by two 6S70ME-C electronically controlled…
Konecranes Wins More Than $28M in Orders
Konecranes received orders totaling over $28.35m from four South Korean shipyards in September 2007. Hyundai Samho Heavy Industries Co. Ltd, Samsung Heavy Industries Co.
Intergraph SmartMarine 3D Design Software
Samsung Heavy Industries – LNG Carrier design using SmartMarine 3D. This image was voted the “Best of Show” for the Golden Valve Awards at the Intergraph 2007 conference.
'Big 3' Shipbuilders Likely to Win $20B in Orders
The world’s top three shipbuilders - Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) - are each expected to…
Shipbuilders See More Growth with Oil Price Rise
The Korea Times reported that shipbuilders who were enjoying solid sales have also secured an additional growth engine for further expansion rising oil prices.
Samsung Unveils Tera-Block Method
According to reports, Samsung Heavy Industries has developed a new shipbuilding system, called the tera-block method, that allows the company to assemble a vessel from just two large ship blocks.
LNG Vessel to Join Qatargas Fleet
Qatargas announced the naming of the Q-Flex LNG vessel Tembek at a ceremony held at Samsung Heavy Industries shipbuilding yard in Geoje Island, South Korea. The…
Stena Orders Ferries from Samsung
Stena Line has ordered two new RoPax vessels from Samsung Heavy Industries in South Korea. The vessels will be put into service in 2011 and are planned to operate the route Rotterdam-Harwich.
OSG Names Largest LNG
Overseas Shipholding Group, Inc. has named the LNG Carrier Al Gattara, marking a new generation of Q-Flex Liquefied Natural Gas (LNG) carriers, said to be the world’s safest…
Samsung Wins $446m Order
Reuters reported that Samsung Heavy Industries Co. won a $446.1mm order from Europe to build one floating production storage offloading ship. The ships would be delivered by Nov.
Stena Bulk Expands Collaboration with Teekay
The shuttle tanker Navion Gothenburg was delivered, after upgrading and modification, from the shipyard Dubai Drydocks. The basic model of the vessel was built at…
OOCL Yokohama Named at Geoje Shipyard
OOCL announced the christening of its second in line of the sixteen 4,578-TEU vessels, ordered with Samsung Heavy Industries since 2004. The newbuilding was named the m.v.