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, ...

Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME) will participate in Turkey Japan Maritime Business Matching Forum 2023 (https://www.jsmea.or.jp/en/seminar/2023/turkey/), to be held in Istanbul, Turkey, on November 8, 2023. We look forward to meeting maritime customers and partners again at Turkey Japan Maritime Business Matching Forum 2023. Our experts welcome you to discuss how we may assist in current or upcoming projects. Source: Mitsubishi Heavy Industries

Neue Schleppdampfschiffsreederei Louis Meyer GmbH & Co. KG of Hamburg has placed an order with Damen Shipyards for the one of the first of its next generation ASD Tug 2111 class. The vessel will be operated on a long-term charter by Emder Schlepp-Betrieb GmbH (ESB) for operations in its home port of Emden, one of the top three ports in Europe for car shipping. There, its shallow draft and compact size together with its over 50 tonnes of bollard pull, make it ideal for manoeuvring large vessels in all respective ...

Mitsubishi Corporation (MC), are pleased to announce the agreement between Oman government to extend MC’s interest in Oman LNG Businesses. Following the agreement, commemorative ceremony was held in Oman on 23rd October, 2023 and each shareholder has signed the Shareholders Agreement of the respective LNG operating companies; Oman LNG and Qalhat LNG. The shareholders of each company is as follow: By maintaining its interests in the Oman LNG Businesses, MC will further deepen friendly relationship with the Sultanate of Oman and will also contribute to both stable supply of energy ...

Samsung Heavy Industries(SHI) has received integrated international certifications for “Compliance Management System (ISO 37301)” and “Prevention, Detection and Response to Bribery (ISO 37001)” from Lloyd’s Register Quality Assurance(LRQA). The certification award ceremony was held on Tuesday with the participation of Jung Jin-taek, CEO of SHI and Lee Il-hyung, CEO of LRQA at Samsung Heavy Industries’ Pangyo R&D Center. The ISO 37301 and 37001, established by the International Organization for Standardization, rigorously assess a company’s systematic management of compliance and anti-corruption measures. Samsung Heavy Industries’ attainment of both certifications acknowledges its ...

South Korea’s leading shipbuilders have been scoring massive order after order all this year, welcoming the revival of the shipbuilding industry. Despite the upbeat numbers on paper, they are facing the daunting task of securing a skilled workforce capable of carrying out difficult tasks in the long term. Clarksons Research, a global shipping and shipbuilding analysis firm based in the United Kingdom, measured the Newbuilding Price Index (NPI) at 173 points as of August. The NPI indicates the price of ships with a starting point of 100 points, which was ...

South Korea’s three major shipbuilders are likely to log quarterly surplus for the July-September period and remain in the black for years, thanks to rises in newbuild ship prices, banking sources said. It will be the first time that the “Big Three” companies, HD Korea Shipbuilding & Offshore Engineering Co. (KSOE), Hanwha Ocean Co. and Samsung Heavy Industries Co., post their quarterly profits at the same time in 11 years. Hanwha Ocean, which was renamed from Daewoo Shipbuilding & Marine Engineering in May, is predicted to post 12.1 billion won ...

Singapore’s Keppel Corp. on Thursday posted higher nine-month revenue and net profit, boosted by strong performance in its integrated power business and operational improvements in its infrastructure and connectivity segments. The company’s infrastructure unit clocked more than S$1.3 billion ($945.94 million) of new Energy-as-a-Service contracts in the nine months ended Sept. 30, bringing long-term supply and services contract backlog to S$4.1 billion. Keppel did not disclose a profit figure, but said revenue from continuing operations for the nine months rose 5%to S$5.27 billion. Keppel, which announced a restructuring plan in ...

Damen Shipyards has signed a contract with Belgian shipping company Fast Lines Belgium for the delivery of two Damen Combi Freighter 3850 (CF 3850). Their first purchase from Damen, Fast Lines Belgium chose the CF 3850 based on its outstanding performance as the cleanest and most economical vessel available in its class. Prior to placing its order with Damen, Fast’s architects of transport reviewed all the options available to achieve minimal emissions in an economic manner. This included looking at alternative bio-fuels as well as the latest advances in design ...

South Korean shipbuilder Samsung Heavy Industries on Tuesday revealed its latest invention Special Structure Anti-Container Loss (SSA-CL), using its homegrown technology to minimize container loss incidents for ships during adverse weather conditions. The device comes at a time when the International Maritime Organization (IMO) is intensifying regulations concerning container stowage. Concerns have risen over containers lost at sea, which pose risks of colliding with other vessels and contributing to marine pollution. SSA-CL, which can be attached to the ship’s lashing bridge, is designed to limit the lateral movement of containers. ...

South Korean shipbuilder Samsung Heavy Industries on Tuesday revealed its latest invention Special Structure Anti-Container Loss (SSA-CL), using its homegrown technology to minimize container loss incidents for ships during adverse weather conditions. The device comes at a time when the International Maritime Organization (IMO) is intensifying regulations concerning container stowage. Concerns have risen over containers lost at sea, which pose risks of colliding with other vessels and contributing to marine pollution. SSA-CL, which can be attached to the ship’s lashing bridge, is designed to limit the lateral movement of containers. ...

GTT is pleased to announce that it has received, in the third quarter of 2023, two orders for the tank design of three new Liquefied Natural Gas Carriers (LNGC). The first two LNGCs will be built by the Korean shipyard HD Hyundai Heavy Industries, on behalf of a European ship-owner. These vessels will each have a cargo capacity of 174,000 m3 and will be equipped with the Mark III Flex membrane containment system, a technology developed by GTT. The deliveries of these vessels are scheduled for the first and fourth ...