QGOG Constellation announces the arrival in Brazil waters of the ultra-deepwater drillship, 'Amaralina Star'.'Amaralina Star' is to be operated by its subsidiary, Queiroz Galvão Óleo e Gás (QGOG). The unit was built to operate in ultra-deepwaters to water depths of up to 10…
Naming ceremonies held at Samsung Heavy Industries Shipyard for two 8,542 TEU L-class container ships built for Evergreen.Ever Laden, the second L-type containership of Evergreen Line, was christened by S.S. Lin, the Evergreen Group's First Vice Group Chairman…
Samsung Heavy Industries delivers 'Pacific Orca' to owners Swire Pacific OffshoreSamsung Heavy Industries won an order to build Pacific Orca in July 2010. Pacific Orca is 161m long, 49m wide and 10.4m high, and as the world’s largest wind farm installation vessel…
Orders won by major South Korean shipbuilders halved in the first six months of 2012 from a year ago According to a 'Yonhap News Agency' report, the country's three biggest shipbuilders -- Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co…
Euronav NV (EURN) canceled an order for a suezmax tanker to preserve cash following six quarters of unprofitable rates for its biggest vessels, according to a Bloomberg report. The 4Q net loss widened to $50.7 million from $17.6 million a year earlier…
Nordic American Tankers Limited (NAT) has taken delivery of its second suezmax newbuilding tanker of 158,000 deadweight tons built at Samsung Heavy Industries Co., Ltd., South Korea. The Nordic Zenith was delivered to the Company November 8…
Containership orders are increasing at a dramatic rate, analysis from Braemar’s Seascope’s research division has revealed.Figures show that since the beginning of this year 52 containerships of 10,000TEU or larger have been ordered – compared…
Samsung Heavy Industries (SHI) apparently found no troubles in Greece this year, as the company reports inking a deal for five ships at Posidonia 2010, meaning its contracting amount has reach $3.3 billion in 2010, more than double the annual contracting amount of the previous year…
MISC Bhd said its wholly-owned unit, AET Inc Ltd, signed a contract with Samsung Heavy Industries for the purchase of four new 158,500-dwt Suezmax tankers at a cost of $67.8m each, according to a report in the Malaysia Star. The Suezmax tankers…
According to a May 17 report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipyard by orders, aims to almost triple contracts for offshore facilities this year. The company may win $5b worth of orders…
According to a May 12 report from The Korean Times, Korean Shipbuilding companies face a tough future. In the 2000s, the shipbuilding business was a cash cow for Korea Inc., which accommodates many of the world's foremost players ― Samsung Heavy Industries…
According to an April 7 report from The Dong-A Ilbo, Samsung Heavy Industries said it will acquire about 1,000 more patents by investing $445m in the development of eco-friendly shipbuilding technologies by 2015. The company holds 1,000 patent rights…
Shell signed two contracts with the Technip and Samsung Heavy Industries consortium for the Prelude floating liquefied natural gas (LNG) project off the coast of Western Australia. These contracts formalize the announcement made by Shell in…
The first shuttle and regasification vessel (SRV) co-owned by Höegh LNG and Mitsui O.S.K. Lines, Ltd. (MOL) was completed at Samsung Heavy Industries in South Korea, and was delivered to the GDF Suez group on November 30, 2009. It will serve on a long-term charter contract between the parties…
Shipbuilder stocks in Korea rallied today, apparently fueled on hopes the shipbuilding industry had hit bottom in the second quarter and that demand for new vessels may revive as world economies stabilize, according to a Reuters report. Reuters…