Shin Yang Group Bhd (SYG) has secured 12 new shipbuilding and ship repair contracts in the 12 months to June 30, 2023 (FY23). The five new shipbuilding contracts boosted the group’s shipbuilding division’s order book to RM175.7mil, while the seven ship repair contracts raised the ship repair division’s order book to RM89.3mil. Group executive chairman Tan Sri Ling Chiong Ho said its shipbuilding segment has showed signs of a stable recovery path from the capital expenditures by the oil and gas industry players, coupled with improvement in crude oil prices. ...

Combined new orders for the three major domestic shipbuilders in 2023 are expected to exceed guidance. Orderbooks should expand in 2024, led by strong LNGC demand. Results for 3Q23 show full-scale revenue growth for major shipbuilders. LNGC orders to be confirmed in 2024 New orders at the three major domestic shipbuilders in 2023 reached US$30.8bn as of end-October, or 89% of their US$34.6bn target. Considering likely further orders in 2H23, including for the second LNGC order intake from Qatar, a floating LNG facility (FLNG), and military vessels, 2023 new orders ...

Ukraine rained 15 cruise missiles on Russia’s shipyard in the Crimean port city of Kerch on Saturday, damaging one ship, Russian defence ministry said, in an attack that could further undermine Moscow’s striking capabilities. Thirteen of the missiles were destroyed in the air, while one hit a ship, the Russian defence ministry said in a typically laconic statement when reporting on Ukraine’s strikes on Russian territory or infrastructure. It did not give the ship’s name. Ukraine’s top Air Force commander said the Russian Navy stationed there one of its most ...

Amongst key deliveries include the world’s largest containership. Yangzijiang Shipbuilding Holdings secured US$770m orders in the third quarter of 2023, its latest business update showed. With this, the company has an orderbook of US$6.54b for 2023– more than double its original target for the year. Yangzijian updated that it is on track to achieve its delivery target of 57 vessels, with 42 vessels already delivered. Amongst notable vessels delivered include six 24,000 TEU containerships, delivered to the Mediterranean Shipping Company (MSC). Yangzijiang also delivered the world’s largest containership, which it ...

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, today held a christening and launch ceremony for the FUGAKU MARU, a roll-on/roll-off (RO/RO) ship under construction for FUJITRANS Corporation. The ceremony took place at the Enoura Plant of MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. The handover is scheduled for April 2024 following completion of outfitting work and sea trials. The new vessel will replace the current FUGAKU MARU, originally constructed at MHI’s Nagasaki Shipyard & Machinery Works, which has been in continuous ...

C-Job Naval Architects and MEYER Group today announce the two companies have entered into a strategic partnership. The agreement between the companies includes MEYER Group to acquire a 50 percent stake in C-Job Naval Architects. The move solidifies MEYER’s focus on sustainable solutions and allows them to diversify their portfolio. C-Job is an independent ship design and engineering company that operates worldwide with offices across five countries and has its headquarters in the Netherlands. MEYER Group is an international consortium including MEYER Werft with three shipyards in Papenburg, Rostock, and ...

The Samsung Heavy Industries (SHI) Machinery Health Monitoring System (SMHMS) has received the ABS SMART (MHM) Tier 2 approval in principle (AIP) for machinery health monitoring. The system will be integrated into SHI’s proprietary SVESSEL Smart Platform as a condition-based monitoring/maintenance module. SMHMS can support main engines, generators, compressors, pumps and fan bearings with the initial application potentially installed on a liquefied natural gas (LNG) carrier. Recognized with a certificate presentation at KORMARINE 2023, the SMART (MHM) Tier 2 AIP is part of a larger joint development project (JDP) between ...

Hanwha Ocean, the world’s No. 2 shipbuilder, is actively embracing middle-aged female workers and robots for ship welding, as it sits on a bulging order backlog for eco-friendly vessels such as liquefied natural gas (LNG) carriers. Amid a dearth of skilled male workers at manufacturing plants nationwide, Hanwha’s new hires at its main shipyard at Geoje are increasingly including women in their 40s. It is also deploying more robots to weld ships in narrow and confined spaces at its 4.9 million-square-meter Okpo Shipyard in Geoje, based on robot-based digitalization systems. ...

South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has won a 231.8 billion-won (US$171 million) order to build two crude carriers for an Oceanian shipper. Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the vessels at its shipyard in the southwestern port of Yeongam, the company said in a regulatory filing. The crude carriers will be delivered to the undisclosed shipping company by March 2026, it added. So far this year, HD Korea Shipbuilding has clinched $20.19 billion ...

With continuously growing energy demands, the need for renewable offshore wind energy is also on the rise. Currently, wind farms are maintained by technicians using Service Operations Vessels (SOVs). These SOVs serve as warehouses, workshops, transportation and accommodation for all the technicians onboard. In the areas where green energy is generated, these SOVs emit CO2, even though significant efforts are being made to reduce emissions and enhance vessel efficiency. Damen is proposing a major advance towards achieving zero-emission wind farms with its concept design for a fully electric SOV. This ...

HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries Co. have secured Approval in Principle (AIP) from the UK’s Lloyd’s Register for their groundbreaking low-carbon electric propulsion system (phase II) for super-large crude oil carriers, according to the companies’ holding company HD Hyundai Co. on Friday. The 30-megawatt (MW) electric propulsion system, which leverages medium voltage direct current (MVDC) and solid oxide fuel cell (SOFC) technologies, is designed for 300,000-ton crude carriers. The system is anticipated to match the propulsion efficiency of larger conventional engines while achieving “net-zero” ...

GTT and Deltamarin have obtained an Approval in Principle (AIP) from Lloyd’s Register for their innovative design of a dual-fuel Very Large Crude Carrier (VLCC), which incorporates a 12,500m3 LNG tank equipped with GTT’s Mark III Flex technology. The newly developed LNG-powered VLCC meets with current and future environmental objectives, and features GTT’s Mark III Flex membrane, which enables a safe and efficient LNG storage. The concept developed by GTT aims at maximising vessel autonomy thanks to a large-capacity tank, giving ship-owners and charterers the benefit of longer trade navigation ...

The Consumer Technology Association (CTA)® announced today that HD Hyundai, the world’s largest shipbuilder, will keynote at CES 2024® to share tech-first strategies which employ technology for building a more sustainable future. HD Hyundai, a global company also known for specialized construction equipment and energy solutions, further excels in developing eco-friendly infrastructure technology, as well as retrofitting carriers and shipyards. The company has set out to revolutionize the construction industry, shifting focus from individual machines running on fossil fuel to AI and data-based, site-level system solutions powered by sustainable energy ...

HD Hyundai Heavy Industries Co., the world’s second-largest shipyard, has won a $3.9 billion deal to build 17 liquified natural gas carriers for Qatar, the largest single contract in the South Korean shipbuilding industry. South Korean President Yoon Suk Yeol and Qatar Emir Sheikh Tamim bin Hamad Al Thani on Wednesday announced the deal between HD Hyundai and state-owned QatarEnergy after their summit in Doha. “HD Hyundai has secured work for a half year with the deal,” said Choi Sang-mok, senior presidential secretary for economic affairs. “Hanwha Ocean and Samsung ...

After successfully completing a multi-ship pilot project, Ascenz Marorka, a GTT Group company, announces that it has signed a contract with Global Ship Lease (GSL), a leading independent owner of container vessels, to roll out its Smart Shipping[1] solution across the GSL fleet. This contract encompasses the installation of automatic data collection systems and intelligent software designed to enable real-time management and optimization of vessel energy and environmental performance. The integration of these systems will provide GSL with valuable insights and tools to make informed decisions, thereby reducing fuel consumption, ...