ABS and Samsung Heavy Industries (SHI) are to collaborate on a next generation LNG carrier in a joint development project (JDP) signed yesterday at Gastech 2019. “ABS is a leader in gas carriers with a proud record of supporting innovation, delivering operational efficiencies and advancing the cause of safety. This exciting project with SHI for a state-of-the-art vessel represents the next step in that journey,” said Patrick Ryan, ABS Senior Vice President Engineering and Technology. “ABS classed the world’s first LNG carrier and today continues to lead global gas carrier ...

Hyundai Heavy Industries inked a ship design licensing deal with Saudi Arabia-based International Maritime Industries (IMI), the shipbuilder said. Based on the terms of the deal signed on Sunday, Hyundai Heavy will transfer architectural designs and related technological know-how for the building of very large crude carriers (VLCCs) to IMI, a joint venture between Korea Shipbuilding & Offshore Engineering, Saudi Aramco, Bahri and Lamprell. Korea Shipbuilding & Offshore Engineering owns Hyundai Heavy Industries, the shipbuilder. For each VLCC built by IMI, Hyundai Heavy will now receive royalties. “It is the ...

Effective January 1, 2020, Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME), a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Nagasaki, will take over production of MET turbochargers from Mitsubishi Hitachi Power Systems, Ltd. (MHPS), which until now has performed their manufacture on MHI-MME’s behalf. The shift is part of MHI Group’s consolidation of its manufacturing bases, and by relocating the MET turbochargers’ production plant from Saiwaimachi to Akunouramachi–both in Nagasaki City–the MET turbochargers’ production function will be absorbed by MHI-MME. As a result, MHI-MME ...

In August 2019 Damen Shipyards Group signed a contract with SAAM Towage for the delivery of an ASD Tug 2813 to SAAM Mexico for operations in the port of Veracruz. This order is the latest milestone in a business relationship spanning several decades and involving numerous vessels. Due to an existing relationship built on previous shared success, SAAM Towage approached Damen sales manager Ezequiel Najmias with a possible order. Ezequiel used the opportunity to invite SAAM Towage representatives to visit the Damen Song Cam Shipyard in Vietnam. This allowed the ...

South Korean shipbuilders may receive more orders following drone strikes on Saudi Arabia’s crude processing facilities, analysts here said Tuesday, as the incident is likely to push up demand for liquefied natural gas tankers and offshore facilities. Saudi Arabia shut down about half of its oil production Saturday following a series of drone attacks that damaged two key oil installations. The Saudis said that the closure will affect 5.7 million barrels of crude production a day, about 5 percent of the world’s daily oil production. Global oil prices surged following ...

GTT’s membrane technology has been chosen for the tank design of six VLECs, which will be built by the Korean shipyards Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) on behalf of Chinese based Zhejiang Satellite Petrochemical. The delivery of the vessels is scheduled from Q4 2020 onwards. GTT’s Mark III membrane containment system has been chosen for the design of the tanks. The design has been optimised in order to significantly increase the capacity within the standard VLGCs1 overall dimensions, thereby offering more than 98,000 m3 total cargo ...

Marine engineering operations for unexpected shipyard recoveries often need to be performed quickly to minimise costs and reduce disruption to other work. ALE swiftly mobilised its specialist heavy lifting equipment to perform the righting of a ship in A Coruña, Spain, and enable its repairs to be completed. The vessel, weighing 400t and measuring 33m long, needed to be lifted until it was upright and then moved to rest on its keel. Several other companies had attempted the operation unsuccessfully. The limited space at the dock meant using a large ...

South Korean shipbuilding industry are putting behind their Chinese competitors and retaining the highest spot in international order receipts. According to the South Korean data, the country defeated China to rise to the top of the international shipbuilding orders for 4 consecutive months from May to August of 2019. Safe to say South Koran yards deem this happy news. They have long since been part of a fierce battle for the top place in international market with China. The previous year, Korea outdid China; its first time since year 2015. ...

The Subic Bay Metropolitan Authority (SBMA) said creditors are close to a deal for the takeover of Hanjin Heavy Industries and Construction Philippines, Inc., with foreign investors currently in talks with banks on how to proceed with the bankrupt shipbuilder’s facilities and work force. SBMA Chairman Wilma T. Eisma told reporters Thursday she was informed the creditor banks are “getting very close” to concluding negotiations for the bankrupt shipbuilder. “As we speak, (the creditors are seeking) exclusive discussions with a particular entity,” she said in a chance interview with reporters ...

Share prices of local shipbuilders are sailing higher following massive orders in recent months, analysts here said Friday. Shares in Korea Shipbuilding & Offshore Engineering Co., which manages shipbuilding units of Hyundai Heavy Industries Group, closed at 122,200 won on Wednesday, up 26 percent from one month earlier. Samsung Heavy Industries Co. rose 19.7 percent on-month to end at 8,140 won, while Daewoo Shipbuilding & Marine Engineering Co. jumped 23 percent on-month to close at 30,300 won. “The recent surge in shipbuilding shares is mainly due to the rising number ...

Damen Shipyards Group has contracted PG Flow Solutions to deliver an engine room pump system to an offshore mining vessel the shipbuilder is constructing for De Beers Marine Namibia. Liquid handling and pump specialist PG Flow Solutions will supply a complete engine room pump system to the vessel, including fuel oil transfer pumps and fresh water transfer pumps, associated equipment, spare parts and service. All equipment will be assembled and tested at PG Flow Solutions’ headquarters in Sande, Vestfold, Norway. The company has not disclosed the value of its contract. ...

TSUNEISHI SHIPBUILDING Co., Ltd. delivered the first ship of its new-model 1,900 TEU container carrier — one of the largest container load capacity as a Bangkok Max — at TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. (THI) in the Philippines on September 10. While adhering to the key restrictions (total length: 172 m, breadth: 28.4 m) of a Bangkok Max — the largest size permitted to enter Thailand’s Bangkok Port — we maximized load capacity by creatively placing cargo holds and fittings. Standard Bangkok Max carriers can generally be loaded with about ...

GTT has received two orders from the Korean shipyard Hyundai Heavy Industries (HHI), each concerning the tank design of one new LNGC, one on behalf of the ship-owner Tsakos and the other one on behalf of Capital Gas Carriers. Each unit will offer a capacity of 174,000 m3. GTT will design the tanks of the vessels, which will be fitted with the Mark III Flex membrane containment system. The delivery of the ships is planned during the fourth quarter of 2021. Source: GTT

The Korean shipbuilding industry took first place for the fourth consecutive month, winning 74 percent of the world’s shipbuilding orders in August. However, some public opinions are criticizing the Korean shipbuilding industry, saying that Korean shipbuilders are rejecting a golden opportunity to get out of the darkness of a recession due to labor-management disputes as the Hyundai Mipo Dockyard labor union, like those of Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME), is showing a sign of going on a strike. The National Labor Relations Commission will announce ...

China State Shipbuilding Corporation (CSSC), one of the two largest shipbuilding conglomerates in China, plans to spend RMB 50 bln (USD 7 bln) on building a 2 km sq cruise ship industrial park in Baoshan District, Shanghai. Recently, China CSSC Cruise Technology Development (CCTD) and Baoshan district government signed a cooperation agreement, which states that Baoshan will fully give the support of the development of CSSC, establish an investment platform, jointly develop Shanghai CSSC International Cruise Industry Park, and build a global influential cruise headquarters based in Shanghai. It is ...