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Thursday, October 17, 2019

Daewoo Shipbuilding News

Pic: Capital Product Partners L.P. (CPLP)

CPLP Fixes Agamemnon with MSC

Greek shipping company Capital Product Partners L.P. (CPLP) announced that its vessel, M/V ‘Agamemnon’ commenced new long-term time charter with Mediterranean Shipping Company Co. S.A.The 108,892 dwt / 8,266 TEU container carrier Agamemnon was built in built 2007 in Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea, said a press note from the shipping company engaged in the seaborne transportation of a wide range of cargoes, including dry cargo and containerized…

Image:  Hunter Tankers

Hunter Tankers Takes Delivery of ECO VLCC

Hunter Tankers, a wholly owned subsidiary of the Norwegian investment company Hunter Group, has taken delivery of its first of seven identical ECO design VLCC newbuildings, the Hunter Atla.The vessel was handed over from the South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME), said the company.Two additional VLCCs are scheduled for deliveries in 2019, while the remaining four vessels will delivered between March and July 2020.All seven of the Company’s…

SFI Acquires Three VLCCs From Hunter Group

Bermuda-based ship-owning and ship chartering firm Ship Finance International Limited (SFL) has agreed to purchase three very large crude carriers (VLCCs) from Norwegian investment company Hunter Group. The 300,000 dwt oil tankers are currently being constructed by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). Hunter Group placed the order for the VLCCs last year. SFI will pay almost $60 million for each tanker and a total of $180 million for all three.

MacGregor has built a new cargo system for one of the world’s largest container ships, the MSC Gülsün. (Photo © MSC Mediterranean Shipping Company SA)

MacGregor Develops Cargo System for MSC Boxship

Cargotec company MacGregor has developed a new cargo system for one of the world’s largest container ships, the MSC Gülsün.The ship was built by South Korean company Samsung Heavy Industries (SHI) and delivered in July of this year, having a capacity of more than 23,000 TEU, a length of 400 meters and width of 61.5 meters, and is the first of 11 ultra-large containerships MSC has on order, six of which are being supplied by SHI. Daewoo Shipbuilding & Marine Engineering will construct…

MSC Gülsün (Photo courtesy of MacGregor)

MacGregor Cargo System for World's Largest Boxship

MacGregor, part of Cargotec, has designed the cargo system for the world’s largest containership, MSC Gülsün, which was delivered in July 2019 by South Korea’s Samsung Heavy Industries. She is 400 m long, 61.5 m wide and is the first in a series of 11 ultra-large containerships with a capacity of more than 23,000 TEU. Six of the vessels are being built by Samsung Heavy Industries, and the other five by Daewoo Shipbuilding & Marine Engineering.The system was developed in close collaboration with MSC from an early stage of the project.

Pic: MOL

MOL’s LNG Pioneer Rescues 4 Castaways

Japanese shipping giant Mitsui O.S.K. Lines, Ltd (MOL) said that its liquefied natural gas (LNG)carrier LNG Pioneer safely rescued four castaways in the Pacific Ocean about 270km off Davao in the Island of Mindanao, the Philippines.The Bahamas-flagged LNG Pioneer was sailing off the coast of Davao Oriental province in the southern Philippines when it came across the distressed crew floating in the water aboard what was left of their fishing boat.The sequence of events was as follows:At 11:28 (all times in local time) on July 5…

File photo: Lloyd's Register

LR Approves DSME Smart Ship Solution

South Korean shipbuilders Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) has received approval in principle (AiP) from Lloyd's Register (LR) for its Smart Ship Solution (DS4).The fleet monitoring smart ECDIS and surveillance system has been granted the descriptive note ‘Digital AL3 SAFE SECURITY’, confirming compliance with LR’s digital ships requirements.The Digital SAFE descriptive note confirms that systems which are essential for ship operation, and that have remote access to onboard operational data for analysis…

Pic: Hyundai Heavy Industries

Shareholders OK HHI Split-up Plan

Shareholders of Hyundai Heavy Industries (HHI) have approved the South Korean shipbuilder's split-up plan amid fierce opposition from its labor union.According to local media reports, Hyundai Heavy Industries, , South Korea's largest shipbuilder, is now divided into mid-holding companies and subsidiaries engaged in shipbuilding, special ship, offshore plant, engine and machinery business.HHI changed its name and mission to the Korea Shipbuilding & Marine Engineering Co., Ltd.

Image: James Fisher and Sons plc

JFD Wins DSRV Contract from Republic of Korea Navy

The subsea operations and manufacturing company JFD, a part of James Fisher and Sons, has received a multi-million dollar contract for the design and build of an advanced Deep Search and Rescue Vehicle (DSRV).The DSRV will be delivered as a part of a submarine rescue capability being provided to the Republic of Korea Navy (RoKN).The contract, awarded by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME), will ensure the provision of an advanced and highly…

Michael Jorgensen  (Photo: OSC)

Shipbuilding: OSC Orders VLCC Pair

Oman Shipping Company (OSC) is expanding courtesy of an order for a pair of newbuild Very Large Crude Carriers (VLCC ) with Daewoo Shipbuilding & Marine Engineering (DSME).According to Michael Jorgensen, OSC's CFO and acting CEO,  said the VLCCs are expected to be deployed in the spot market, as the company plots further fleet expansion in the bulk and container market.Today OSC’s fleet includes 49 vessels including 16 VLCCs, 17 product tankers and 4 chemical carriers.The two latest additions will be constructed at DSME’s Okpo shipyard measuring 336m in length…

Bardex Shiplift Chosen by DSME

Daewoo Shipbuilding Marine Engineering (DSME-Korea) awarded Bardex a ShipLift System in order to increase the capacity of the shipyard from the previously installed 1990 system.  The originally installed smaller system had been running continuously for the past 28 years. The Ship Elevator will be used for launching & maintaining military vessels.

Arc7 Class Arctic Vessels for Yamal LNG Facility

A new ice-breaking liquefied natural gas (LNG) tanker of the Arc7 class has begun sea trials by South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) around the island of Geoje, Refinitiv Eikon data shows.The Nikolay Zubkov, formerly known as Hull DSME 2429, exited DSME's port on Geoje on Tuesday and has zig-zagged across the Korea Strait, the data showed. Ship trials for previous Arc7 carriers now in operation have lasted several months.The Arc7 tankers, for Novatek's Yamal LNG facility in northern Russia…

Image: Daewoo Shipping and Marine Engineering

Daewoo Shipping and Marine Engineering Posts Q3 Loss

The South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has posted a net loss in the third quarter from a year earlier due to one-off losses.According to a stock exchange announcement by the world’s second-largest shipbuilder by orders, the net loss reached 323.9 billion won (US$285.1 million) in the three months ending Sept. 30 from a net profit of 74.9 billion won during the same period last year.DSME's operating profit in the third quarter fell 9.6…

Image: Samsung Heavy Industries

Workforce Down by 27% at S. Korea’s ‘Big 3’ Shipbuilders

South Korea's Big Three shipbuilders  - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - have hit record low in workforce.According to a report in Business Korea, the total number of employees in South Korea's Big Three shipbuilders has plunged a whopping 27 percent compared to 2011.The “big three” shipbuilders had 36,757 employees on the payroll last year, down 27.04 percent from 50,377 in 2011.The figure decreased to 35…

Daewoo Wins Contract to Build Three Vessels

Daewoo Shipbuilding & Marine Engineering says it signs $273 mln order.Daewoo Shipbuilding & Marine Engineering Co Ltd says has signed an order worth 306 billion won ($272.51 million) for three oil container ships from a European shipowner. Source: Eikon:Reporting by Joori Roh

Flex Endeavour. Pic: FLEX LNG Management AS

FLEX LNG Orders Five LNG Carrier Newbuilds

Flex LNG, the shipping company controlled by billionaire John Fredriksen, is entering into a transaction for the acquisition of five 5th generation LNG newbuildings comprising three MEGI LNG carriers and two X-DF LNG carriers.According to a release from the shipping company, that owns and operates LNG carriers, and floating storage and regasification units, the MEGI LNG carriers are currently under construction at Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) with…

(File photo: Hyundai Merchant Marine)

Hyundai Merchant Marine to Spend $2.8 Bln on 20 Containerships

South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.In June this year, the company signed letters of intent for ship orders with South Korea's top three shipbuilders Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries.DSME and Samsung will build seven and five 23,000 TEU vessels respectively, which are expected to deliver in the second quarter of 2020.

Photo: MOL

MOL's FSRU Challenger for Hong Kong LNG Terminal Project

Mitsui O.S.K. Lines (MOL) announced that MOL, has entered into a preliminary agreement to supply a Floating Storage and Regasification Unit (FSRU), as well as Jetty Operation & Maintenance Services for the Hong Kong Offshore LNG Terminal Project on a long term contract. MOL will utilize the "MOL FSRU Challenger" built in 2017 with a storage capacity of 263,000m3 which remains the largest FSRU in the world today, to provide services to the Hong Kong Offshore LNG Terminal Project. The FSRU was constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd.

Image: Maran Gas Maritime Inc.

Angelicoussis Books its 100th Ship at DSME

South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) has bagged an order from the Angelicoussis Shipping Group’s unit Maran Gas Maritime, for a floating storage and regasification unit (FSRU). The local media which quoted DSME sources saying Tthat the vessel with a 173,400 cubic meter storage capacity is the 100th vessel ordered by the Angelicoussis Shipping Group at DSME since 1994. The FSRU with a length of 295 meters and a width of 46 meters is scheduled for delivery in the first half of 2021.

File Photo: Hanjin

Government Okays USD 1.2 bln for Korea Ocean Business Corporation

The government of South Korea decided to invest 1.35 trillion won (USD 1.2 billion) in Korea Ocean Business Corporation (KOBC). The compnay was created in order to help its shipping industry stand on its feet, especially after the bankruptcy of Hanjin Shipping.Yonhap reported quoting the finance ministry that Cabinet approved a plan to contribute 12.7-percent stakes in each of the country's four port authorities to the KOBC.Earlier this month, the corporation was officially launched in Busan…

Floating crane “HHLA IV” loads worlds’s biggest ship propeller onto a vessel. Photo: HHLA / Dietmar Hasenpusch

HHLA Transports Ship Propeller for Hyundai Supreme

Hamburger Hafen und Logistik AG (HHLA) loaded the biggest ship propeller in the world onto a vessel. The “HHLA IV” floating crane brought the gigantic 110-tonne object to the port of Waltershof, where it was hoisted onto the “Hyundai Supreme” container ship.It was the most powerful ship propeller to have ever been lifted by the hook of a HHLA floating crane. Although HHLA regularly loads the specialised products of Mecklenburger Metallguss GmbH (MMG) onto ships in Hamburg, the latest propeller…

LNG Schneeweisschen. Photo: Mitsui O.S.K. Lines

MOL Takes Delivery of LNG Schneeweisschen

Mitsui O.S.K. Lines (MOL) announced that  the LNG carrier, LNG Schneeweisschen, jointly ordered by MOL and Itochu Corporation was delivered on July 31st at the Okpo shipyard by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.The 180,000 cbm newbuilding has entered in to a Transportation Service contract for several voyages with Uniper Global Commodities, 100% owned by one of the largest European gas and electricity companies, Uniper SE.The LNG Schneeweisschen features two new technologies - the slow-speed two-stroke engine (X-DF) made by Winterthur Gas & Diesel…

LNG Schneeweisschen' Photo: ©Luksa Karaman, Marinetraffic.com

Braemar Shipping Services Adds New LNGC 'LNG Schneeweisschen'

Braemar Shipping Services announced the successful delivery of the 180,000m3 Liquid Natural Gas Carrier (LNGC) called “LNG Schneeweisschen” from Daewoo Shipbuilding & Marine Engineering (DSME), South Korea, as part of the ongoing LNGC newbuilding project between Uniper Global Commodities SE (Uniper) and Braemar.The international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries said that the vessel has been built for Japan based owners…

Photo: HMM

Hyundai Merchant Marine Selects 3 Yards to Build Eco-Friendly Mega Containerships

Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10, HMM has considered all the conditions for newbuilding including delivery date and price of new ships suggested by shipbuilders, and finally selected three shipbuilders to sign a Letter of Intent (LOI) for 20 new vessels. First, HMM chose Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) for seven and five 23,000 TEU containerships respectively which are expected to deliver in the second quarter of 2020.

Very Large Crude Oil Carrier. Photo: Daewoo Shipbuilding and Marine Engineering

Hyundai Merchant Marine Gets $420 Mln to Add 5 VLCCs

South Korea’s leading sea carrier Hyundai Merchant Marine Co. (HMM) has signed a financial contract with Korea Shipping and Maritime Transportation to build five 300,000-ton very large crude carriers (VLCCs), said a report in Business Korea. HMM has secured $420 million (470 billion won) through a state shipbuilding subsidy funding program, it said. The order has already been placed with local shipyard Daewoo Shipbuilding and Marine Engineering (DSME) September last year. The…

Courtesy GTT

LNG Ships: Two DSME Orders for GTT

GTT announces it has received at the end of March, an order from the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for the design of the LNG tanks of two LNG carriers (LNGC). Each offering a capacity of 173,400m3, these units will be built at DSME's shipyard in Geoje, Korea, on behalf of a European ship-owner. The tanks will be fitted with the NO96 GW technology. Their delivery is expected for the first half of 2020. "We are very pleased to continue our excellent partnership with DSME with these two new orders." commented Philippe Berterottière…