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ABB Wins Contracts Worth $110M
ABB has been awarded contracts worth $110 million to supply electrical power systems for twelve vessels and five offshore drilling rigs. • Total electrical power…
QGTC Awarded Charters for Six LNG Carriers
Qatar Gas Transport Company Ltd. (Nakilat) announced that it has been awarded 25 year time charters by Qatar Liquefied Gas Company Limited (II), (QGII) for six 'QMax'…
SHI Develops RTLinux Powered Robots
FSMLabs, a software developer announced that Samsung Heavy Industries Shipbuilding Division (SHI) has selected RTLinuxPro as the base for its robotics systems and…
Aker Kvaerner Gets Contract for Arctic Bow Loading Systems
Aker Kvaerner has been awarded a contract with Samsung Heavy Industries Co. Ltd in South Korea for delivery of bow loading systems for three new shuttle tankers able to operate in arctic conditions.
S. Korean Shipbuilders Rushing to China for Hull Production
According to reports, South Korean shipbuilders are scrambling to move production of ship hulls to China to take advantage of its cheap labor and vast factory sites, industry sources said.
Shipbuilders Demand Lower Steel Prices
South Korean shipbuilders are asking Japanese steelmakers to reduce their steel plate prices, Asia Times Online reported. The price of imported Japanese steel plates…
Seaspan Announces Delivery of New Vessel
Seaspan Corporation announced the delivery of its fourteenth ship, the Dubai Express. The 4250 TEU vessel, which was built by Samsung Heavy Industries Co. Ltd.,…
High Royalties to Cut Into Shipbuilding Profits
South Korean shipbuilders are paying large royalties on a core foreign technology for manufacturing liquefied natural gas (LNG) carriers, causing a big reduction in their earnings…
ABB Wins Contracts Totaling $140M
ABB has been awarded contracts worth $140 million to supply its Azipod® propulsion systems for three vessels and electrical power systems for 11 vessels and two semi-submersible drilling rigs.
ABB Wins Contracts Totalling $140M
ABB won contracts worth $140 million to supply its Azipod propulsion systems for three vessels and electrical power systems for 11 vessels and two semi-submersible drilling rigs.
Aker Arctic secures contract on Arctic Tanker Design
tdw Arctic shuttle tankers. design developed by Aker Arctic. vessels. onshore oil fields. twin 10 MW pod drives.
ExxonMobil, Qatar Petroleum Progress LNG Project
In a joint statement issued at the conclusion of an inauguration ceremony held in Doha, Qatar Petroleum and ExxonMobil Ras Laffan (III) Limited, a wholly owned subsidiary of Exxon Mobil Corporation…
Increased Demand for Steel Plates
South Korean shipbuilders’ demand for steel plates is expected to continue to rise next year due to an increase in orders, according to a Korea Times report. The…
Aker Kvaerner Gets Drilling Equipment Contract for Samsung
Samsung Heavy Industries Co. Ltd. in Korea has awarded Aker Kvaerner a contract for delivery of a new drilling rig to Eastern Drilling's West E-Drill project.
Samsung Wins Tanker Contract
According to a Korea Herald report, Samsung Heavy Industries Co. won a $422.5 million deal to build three arctic tankers for Russian state-owned shipper Sovcomflot.
Shipbuilders to Demand More Steel Plates
According to Korea Times, South Korean shipbuilders’ demand for steel plates is expected to continue to rise next year due to an increase in orders, an industry body said Monday.
Samsung Group Announces Investment Plan
AP has reported that the Samsung Group, South Korea's biggest industrial conglomerate with interests ranging from semiconductors to shipbuilding, said Tuesday it plans to double sales by 2010…
Samsung Lands $330 Million in Orders
South Korea's Samsung Heavy Industries Co. said on Saturday it won $330 million in orders to build a liquefied natural gas (LNG) carrier for BP Amoco Plc and two…
OOIL Orders Two Containerships For $160M
Orient Overseas (International), the shipping giant controlled by Hong Kong Chief Executive Tung Chee-hwa's family, said two of its subsidiaries have entered into…
Teekay Orders Newbuilding Aframax Tankers
Teekay Shipping Corporation (Teekay) announced that it has entered into agreements to purchase four high specification Aframax newbuildings, two each with Daewoo Shipbuilding & Marine Engineering Co.