Korean shipbuilders lagged far behind their Chinese rivals in terms of taking shipbuilding orders in September. According to British shipbuilding and shipping market analyst Clarkson Research on Oct. 8, global shipbuilding orders totaled 2.89 million CGT (90 units) in September, down 25 percent from a year earlier. China topped the standings with orders for 2.48 million CGT (65 ships), posting an 86 percent share, followed by Korea with orders of 340,000 CGT (14 ships), accounting for a 12 percent share. As of the end of September, the world’s shipbuilding order ...

GTT announces that it has received, in the third quarter of 2024, an order from its partner the Chinese shipyard Dalian Shipbuilding Industry Company (DSIC) for the tank design of two new Liquefied Natural Gas Carriers (LNGC), on behalf of the Chinese ship-owner COSCO Shipping. GTT will design the tanks of these two vessels, which will each offer a total capacity of 175,000 m³. The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT. The delivery of the vessels is scheduled for the third ...

HD Hyundai Heavy Industries (HHI) developed a zero-carbon ammonia dual-fuel engine to lead the market for eco-friendly shipbuilding, the company said. The HiMSEN Ammonia Dual-Fuel Engine received model-based class approvals recently from the world’s seven major ship classification societies. Their approvals came after testing for the world’s first high-pressure direct-injection ammonia engine at HD HHI’s Engine Technology Center in Ulsan, which was attended by representatives from the American Bureau of Shipping, Det Norske Veritas, Lloyd’s Register, Bureau Veritas, RINA, Nippon Kaiji Kyokai and Korean Register. HD HHI said it will ...

Hanwha Ocean has secured its first order for container ships in nearly three years, marking a significant milestone for the company. On Oct. 10, the company announced that it has received an order from a European shipowner for six large liquefied natural gas (LNG) dual-fuel container ships, valued at 1.7 trillion won. This order is the first of its kind for Hanwha Ocean since January 2022, ending a 2-year and 9-month hiatus. The six 15,000 TEU (twenty-foot equivalent unit) LNG dual-fuel container ships will be constructed at Hanwha Ocean’s Geoje ...

Deltamarin has partnered with ESL Shipping in the development of methanol-fueled multipurpose vessels, designed to meet diverse logistical needs across global shipping routes. The new contract covers the complete basic and detail design of four vessels, with several optional vessels. Deltamarin has worked closely with ESL Shipping on the concept design of the new vessels and, under the new contract, will continue to provide support throughout the entire design lifecycle until the project’s completion. The vessels are optimized for key trade routes on the Baltic Sea region and transatlantic crossings, ...

GTT announces that it has received five Approvals in Principle (AiP) during the Gastech 2024 exhibition in Houston. These certifications, issued by ABS, Bureau Veritas and Lloyd’s Register, attest to the significant advances in GTT’s Mark III membrane containment system as well as the relevance of the new 200,000-m3 LNG carrier concept developed by GTT. Mark III ‘Multifuel Ready’ technology GTT has received three AiPs paving the way for the use of ammonia and methanol as alternative fuels for LNG-powered ships equipped with the Mark III system. This allows ship-owners ...

GTT announces that it has received, in the third quarter of 2024, an order from its partner the Korean shipyard Samsung Heavy Industries for the tank design of two new Liquefied Natural Gas Carriers (LNGC), on behalf of an Asian ship-owner. GTT will design the tanks of these two vessels, which will each offer total capacity of 174,000 m³. The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT. The delivery of the vessels is scheduled between the first and second quarters of 2027. ...

South Korea’s HD Hyundai Co., the parent of the world’s top shipbuilder HD Hyundai Heavy Industries Co., said it has developed a high-capacity low-voltage drive, a key part used in ship electrification. The component, known as low voltage variable frequency drive (LV VFD), is a device that maximizes power production efficiency by adjusting motor speed. It plays a key role in a ship’s shaft generator system, which produces electricity by utilizing part of the power generated from a ship’s propulsion engine. The newly developed ship VFD incorporates grid-forming technology to ...

Daehan Shipbuilding has made significant strides in the development of eco-friendly ship technology, securing multiple international certifications in recent days. On Sept. 4, the company received a joint development project (JDP) certification for an ammonia dual-fuel Suezmax crude oil tanker from Lloyd’s Register (LR). Just two days later, on Sept. 6, the company obtained an Approval in Principle (AIP) for the conceptual design of an LNG dual-fuel shuttle tanker from Det Norske Veritas (DNV). Since September of last year, Daehan Shipbuilding has been conducting joint research with Lloyd’s Register (LR) ...

The three major domestic shipbuilders—HD Korea Shipbuilding, Hanwha Ocean, and Samsung Heavy Industries—announced on Oct. 2 that they had secured shipbuilding orders worth over 2 trillion won in a single day. This marks the first time since 2008 that these shipbuilders have achieved such a milestone, reflecting a significant resurgence in the industry. Hanwha Ocean received an order for one LNG-FSRU (Floating Storage and Regasification Unit) worth 545.4 billion won from an Asian shipowner. HD Korea Shipbuilding signed contracts to build two ultra-large ethane carriers (ULEC) with an Asian shipping ...

Hanwha Ocean announced on Oct. 2 that it has secured an order for one floating storage and regasification unit (LNG-FSRU) from an Asian shipowner for KRW 545.4 billion. The vessel is expected to be completed and delivered to the shipowner around October 2027. This significant order highlights Hanwha Ocean’s leading position in the global LNG-FSRU market, where it holds a 30% market share. On the same day, Samsung Heavy Industries revealed that it has secured a contract to construct two LNG carriers worth KRW 678.3 billion with an Asian shipowner. ...

GTT, in collaboration with an Asian shipyard, announces the first implementation of a 1 barg tank design pressure for a recently ordered series of twelve LNG-fuelled container vessels fitted with GTT’s Mark III Flex technology. This application establishes a new standard for the use of GTT’s Mark III Flex technology in LNG fuel tanks, allowing operations at a pressure of up to 1 barg, compared to the current maximum of 0.7 barg. Having already implemented a 2 barg design pressure on smaller capacity fuel tanks already in operation, this is ...

Samsung Heavy Industries announced on Oct. 2 that it has signed a contract with an Asian client to build two liquefied natural gas (LNG) carriers, worth about 678.3 billion won. The two vessels will be delivered to the client by the end of April 2027. Including the latest deal, Samsung Heavy Industries has received orders for 24 vessels totaling approximately US$5.4 billion so far this year. They include 21 LNG carriers, two very large ammonia carriers (VLACs) and one shuttle tanker. This volume accounts for 56 percent of this year’s ...

India has “great potential” to emerge as a hub for green shipbuilding, backed by the government’s strong focus on alternative fuels and renewable energy, a maritime industry expert said on Wednesday. Modernisation and upgradation of Indian shipyards is in progress, while older dockyards are being assessed for reopening and adding more capacities for green shipbuilding given a strong pickup in global demand, said Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, Maritime at DNV, a Norway-based testing, certification and technical advisory services provider. “We see ...

In June this year, Damen Shipyards signed a contract with the German dredging contractor Hegemann for an innovative booster station. The booster, a standard BS 500, will be fitted out with Damen’s in-house developed Marine NOX Emission Reduction System. This officially EU Stage V certified system will be mounted on top of the booster station to effectively reduce the NOX and particle emissions and provide sound reduction as well. The standard stock booster was ready in weeks, the emission reduction system will be retrofitted later. A BS 500 standard stock ...