Home / Shipping News / Shipbuilding News

Shipbuilding News

Damen Shipyards Group Wins Inaugural Idc Future Of Digital Innovation Award

Damen is proud and honored to be one of the seven recipients of the inaugural IDC Future of Digital Innovation Awards. Damen won in the category ‘Performance as a Service’ with its Triton program and received the award. US based International Data Corporation (IDC) initiated these awards to highlight successful digital innovation projects and initiatives. Other winners include Mattel (Fisher-Price Smart Connect), the U.S. Air Force (Virtual Mission Trainer), Shell (Open AI Energy Initiative) and the Istanbul Metropolitan Municipality (Pay-it-Forward). Damen Shipyards Group received the award for its Triton program. ...

Read More »

Hyundai Heavy Industries shares jump above IPO price on debut

Hyundai Heavy Industries’ shares closed 86% above their initial public offering (IPO) price on their trading debut in South Korea on Friday. The shipbuilder, one of the largest in the world, raised $935 million from its IPO, with much of the proceeds set to fund investments in new technology. A total of 1,633 domestic and foreign institutional investors placed bids to acquire shares earlier this month, valuing total bids at 1,130 trillion won ($962.3 billion), according to Hyundai Heavy. The institutional book for the IPO had been 1,836 times covered ...

Read More »

Samsung Heavy wins $717.6 mn deal for six LNG dual-fuel container carriers in Europe

Samsung Heavy Industries Co., one of three Korean shipyard majors, announced Thursday it has won 841.2 billion won ($717.6 million) deal to build six LNG dual-fuel container carriers in Europe. The six container carriers will be delivered to an identified shipper in Europe until November 2024. With the addition, Samsung Heavy Industries has bagged a total of $7.8 billion orders for 60 vessels, achieving 86 percent of its yearly target of $9.1 billion for this year which was revised up from previous $7.8 billion amid signs of market recovery. The ...

Read More »

Daewoo Shipyard Uses Doosan Heavy’s Steel Component For Wind Turbine Installation Vessels

Doosan Heavy Industries & Construction, a key contractor in South Korea’s power industry, has localized a key component used for jack-up legs of wind turbine installation vessels. Jack-up legs are extended to the seafloor and lift platforms to the intended height above sea level. High-strength steels, which permit higher static stress limits, are used for jack-up legs and components to prevent fatigue cracking. Doosan Heavy said it would supply 156 rack and chord components to Daewoo Shipbuilding & Marine Engineering (DSME), a major shipbuilder in South Korea, by 2023. Rack ...

Read More »

Shipyard workers hold rallies vs Consolacion reclamation project

At least 3,000 workers are rising to save six shipyards that will be affected by the proposed 238.5-hectare reclamation project in Consolacion town in northern Cebu. Carrying tarpaulins stating “No to reclamation,” the shipyard workers took turns holding rallies starting Saturday to change the local government plan. Jose Tomongha, chair of the Alliance of Progressive Labor, said they would also hold a signature campaign against the reclamation project. He said they aimed to gather 5,000 to 8,000 signatures to disprove the local government’s claim that only a few workers and ...

Read More »

De Beers’ Latest Diamond Recovery Vessel Departs Damen Shipyards Mangalia For Southern Africa

Following the official handover held on the 18th and 19th of August at Damen Shipyards Mangalia, Debmarine Namibia’s new diamond recovery vessel departed on a four-week long maiden voyage to the Port of Cape Town, South Africa, where it will be fitted with mission equipment before beginning operations off the coast of Namibia early next year. The successful delivery marks the end of the shipbuilding phase of a landmark project that began over three years ago. It is the first vessel to be delivered by Damen Shipyards Mangalia, the Romanian ...

Read More »

Disused Sangu platform may be used as floating storage, gasification unit

The government has moved to utilise the country’s maiden offshore gas platform and associated pipelines of Sangu field after seven years into its abandonment. “We’re now considering utilising the (disused) Sangu platform,” says state minister for power, energy and mineral resources Nasrul Hamid. Several foreign firms have already proposed to exploit the platform as a gateway to import LNG (liquefied natural gas), regasify and supply it to end-users. A decision on the Sangu facility’s proper utilisation would be taken soon after scrutiny, Mr Hamid adds. According to officials, Petrobangla, the ...

Read More »

Samsung Heavy Industries Highly Likely to Win Big LNG Carrier Project from Russia

Samsung Heavy Industries (SHI) is highly likely to win another big shipbuilding order from Russia. Russian state-run energy company Novatek, which is participating in Arctic LNG 2, a major liquefied natural gas (LNG) development project located on the Gydan peninsula, Russia, is in eleventh-hour negotiations with SHI to order 7 ice-breaking shuttle tankers and six ice-breaking LNG carriers (including two optional vessels). This order will be made by multiple clients, and the value of the order has not yet been finalized. Yet the total value is expected to reach at ...

Read More »

GTT obtains tank design order for three new LNG Carriers from Hyundai Heavy Industries

GTT announces that it has received, at the end of July, an order from its partner the Korean shipyard Hyundai Heavy Industries (HHI) for the tank design of three new LNGCs1 on behalf of an Asian ship-owner. As part of this order, GTT will provide the design and associated engineering services for the tanks of the vessels which will each offer a capacity of 174,000 m3. The LNGC tanks will be fitted with the GTT Mark III Flex membrane containment system. Deliveries of the vessels are scheduled for the second ...

Read More »

Samsung Heavy Industries Highly Likely to Win Big LNG Carrier Project from Russia

Samsung Heavy Industries (SHI) is highly likely to win another big shipbuilding order from Russia. Russian state-run energy company Novatek, which is participating in Arctic LNG 2, a major liquefied natural gas (LNG) development project located on the Gydan peninsula, Russia, is in eleventh-hour negotiations with SHI to order 7 ice-breaking shuttle tankers and six ice-breaking LNG carriers (including two optional vessels). This order will be made by multiple clients, and the value of the order has not yet been finalized. Yet the total value is expected to reach at ...

Read More »

Konecranes Wins 14-Crane Order From Thyssenkrupp Marine Systems For Kiel Shipyard

Konecranes has won an order from the thyssenkrupp Marine Systems shipyard to supply 14 process cranes for a shipbuilding hall now being built in Kiel, Germany. The order was booked in July 2021. The double-girder crane systems, which will be built by Konecranes’ Demag Cranes & Components unit, will be installed in the new production halls in Kiel, which is being developed into an international center of excellence for submarine production. The cranes will have been manufactured, delivered and commissioned by the time work begins in 2023. The cranes will ...

Read More »

North America’s first all-electric car ferries depart Damen Shipyards Galati for Ontario, Canada

The first, fully-electric road ferries to sail in North America are now on their way from Damen Shipyards Galati to Lake Ontario, Canada, to begin operations. Ordered by the Ministry of Transportation, Ontario, Canada, the Amherst Islander II and Wolfe Islander IV, 68 and 98 metres in length respectively, represent a new generation of zero-emission large ferries. The vessels departed the yard on 26 August to be loaded on the semi-submersible transport vessel Super Servant 4 and will arrive in Lake Ontario in mid-September. Both of the open-deck vessels are ...

Read More »

Korean shipbuilders gain full govt blessing for global dominance, stocks rise

South Korea’s shipbuilding industry received full government backing to ride on its newfound boom and rank global No. 1 by commanding 75 percent of the green sea transportation market. “We will strengthen the shipbuilding industry that cannot be contested by no other countries,” declared President Moon Jae-in Thursday as he flew to Samsung Heavy Industries’ shipyard in Geoje, South Gyeongsang Province, to announce a reinvigoration scheme on Korean shipbuilding industry. The government has set out key targets to command 75 percent in global eco-friendly vessels and 50 percent in self-driving ...

Read More »

Tehran, Astrakhan to cooperate in shipbuilding

Iranian Ambassador to Russia Kazem Jalali met with Sergey Milushkin, the director-general of Special Economic Zone Lotus in Russia’s Astrakhan during which the two sides discussed cooperation in various sectors including manufacturing and overhauling cargo vessels. As IRNA reported, the meeting was held on the sidelines of Jalali’s visit to the mentioned zone. Following the meeting, Milushkin said: “We had fruitful negotiations on the construction of ships for Iran [to be used] on the north-south corridor, as well as the participation and investment of Iranian companies in this economic zone.” ...

Read More »

GTT launches a new Smart Shipping solution to optimize vessel operational and environmental performance

GTT launches LNG Optim, a new digital “Smart Shipping” solution. This tool helps LNG operators, and LNGC1 or LNG-fueled vessel ship-owners, to prepare the voyages of their vessels in order to reduce the overall fuel consumption and to manage Boil-off gas in the tanks. For several years, GTT Group has been extending its range of services to support the maritime industry in its digital and energy transformation, with the launch of Smart Shipping solutions to optimize the energy performance of ships. The LNG Optim solution, based on GTT’s unique expertise ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping