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GasLog Secures $1B for Newbuilds
GasLog signed an Export Credit Agency-backed debt financing of $1.05 billion with 12 international banks for its current newbuilding program.The LNG carrier owner…
SHI, SKT Trial Autonomous Ship Using 5G
South Korean shipbuilder Samsung Heavy Industries (SHI) and compatriot telecommunications operator SK Telecom (SKT) have developed a 5G-based autonomous navigation…
SHI Wins Two Ice-class Tanker Order
South Korean shipbuilding giant Samsung Heavy Industries Co (SHI) has won a 187.5 billion-won (US$158 million) order to build a two ice-class oil tankers.According to a regulatory filing…
Petronas Names Second FLNG in S. Korea
Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floating…
ABS Awards AiP to SHI LNG Re-liquefaction System
ABS has announced that it has awarded approval in principle (AiP) to Samsung Heavy Industries (SHI) for its innovative X-Reli LNG Boil Off Gas Expander – part of…
SHI to Pay $75 Mln to Resolve Bribery Case
Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday.Samsung Heavy has admitted to paying about $20 million to a Brazilian intermediary between 2007 and 2013 knowing that parts of it would be paid as bribes to officials…
SHI to Pay $75m in Fine: US Justice Dept
South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its scheme…
MOL Gets AiP for Containership Bow Wind-Shield
Japanese shipping company Mitsui O.S.K. Lines (MOL) announced that, DNVGL issued an Approval In Principle (AIP) to MOL and Samsung Heavy Industries (SHI) for Bow…
DNV GL Awards AIP for SHI Cyber Secure Notation
The international accredited registrar and classification society DNV GL has presented South Korean shipbuilder Samsung Heavy Industries Co., Ltd. (SHI) with an…
SHI Losses Widen
South Korean Samsung Heavy Industries (SHI) reported its third-quarter net loss of 583.2 billion won (US$ 503.8 million), compared with a KRW80.30 billion loss in the same quarter a year earlier…
TMC to Equip Cardiff Gas LNG Newbuilds
Norwegean compressor supplier TMC Compressors of the Seas (TMC) has been awarded a contract to supply a complete marine compressed air system and associated equipment…
GTT LNG Carrier Orders at Record Highs
Gaztransport & Technigaz (GTT), a company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, said…
Two LNG Dual-Fuel DP Shuttle Tankers Unveiled
AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines by 2030…
Maersk Tankers Names 18th MR Unit
Danish tanker owner and operator Maersk Tankers held a naming ceremony for Maersk Curacao, its eighth MR unit being delivered by Samsung Heavy Industries (SHI)."SHA122…
SHI Wins Two LNGCs Orders from MISC
South Korean shipbuilder Samsung Heavy Industries (SHI) announced that it had secured orders for two 174,000-cbm LNG carriers from MISC Berhad (MISC), a global provider…
MISC Secures ExxonMobil LNG Tanker Contract
MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers.Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract.Prior to this…
SHI to Build Six Giant Box Ships for Evergreen
South Korean shipbuilding giant Samsung Heavy Industries (SHI) has signed shipbuilding deals for Taiwanese shipping line Evergreen’s latest ultra-large containerships…
Bloom Energy, Samsung to Design Electric Ships
California-based Bloom Energy, the provider of stationary fuel cells, has announced a collaboration with South Korean shipbuilder Samsung Heavy Industries (SHI)…
AEC Collaborates with ABS for ULEC
American Ethane Company (AEC) is collaborating with ABS, the global provider of classification and technical advisory services to the marine and offshore industries…
ABS, SHI Sign Digital Technology JDP
ABS and Samsung Heavy Industries (SHI) are to collaborate on the use of digital technologies to streamline designing, building, and classing assets in a joint development project (JDP) signed at Gastech 2019.The JDP encompasses 3D digital disclosure, data exchange, and the use of analytics to support the new construction process and pilot the survey of the future.The JDP is focused on three areas:•Piloting…