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…
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…
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.
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
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.
World's Largest FSRU Named as MOL FSRU Challenger
Mitsui O.S.K. Lines (MOL) has announced that a naming ceremony for the MOL FSRU Challenger was held at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering Co., Ltd.in Korea on September 28.This is the first FSRU for MOL to independently build, own and operate. Many Guests were invited to witness the naming of our FSRU as the MOL FSRU Challenger. The MOL FSRU Challenger will provide storage and regasification services to a project in Turkey after delivery during October. Operation is slated to commence within 2017.
Newbuild Suezmax Tanker Delivered to NAT
Nordic American Tankers Limited (NAT) said it has taken delivery of Nordic Space, its second Suezmax newbuilding tanker of 158,000 deadweight tons, built at Sungdong Shipbuilding & Marine Engineering Co., Ltd., South Korea. The Nordic Space has started on her maiden voyage. NAT now has a fleet of 33 Suezmax vessels, including three newbuildings to be delivered during the second half of 2018. NAT said the expansion of the fleet is important for increasing its earnings and dividend capacity.
MOL Signs Long-Term Charter with Uruguayan JV for FSRU
Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for a floating storage and regasification unit (FSRU) project in Montevideo, Uruguay. Gas Sayago is a joint venture (JV) owned by UTE – the Uruguayan state power company – and ANCAP – the state oil company. The contract will take effect upon governmental approval which is expected to be granted by the end of 2016. The FSRU will be equipped with the largest LNG storage tank (263…
MOL Clinches FSRU Charter Deal
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that Lakler S.A., 100% subsidiary of MOL has officially agreed to conclude a charter contract, with an eye toward reaching a final deal in June this year, with Gas Sayago, a joint venture between Uruguay's state oil company ANCAP and state power company UTE, for floating storage and regasification unit (FSRU) project (*) in Montevideo, Uruguay, led by Gas Sayago. A signing ceremony was held in Montevideo on May 2 (local time).
Navig8 Acquires LR2 Tanker from Sungdong
Navig8 Product Tankers Inc. an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Sanctity, a 110,000 DWT LR2 tanker, from Sungdong Shipbuilding & Marine Engineering Co., Ltd. (“Sungdong”). The Navig8 Sanctity is the second vessel to be delivered under the sale and leaseback arrangements entered into with Ocean Yield ASA (“Ocean Yield”) announced on July 13, 2015. Following delivery from Sungdong…
Ocean Yield to Acquire Four LR2 Product Tankers
Norway’s Ocean Yield ASA has agreed to acquire four 115,000 dwt LR2 product tankers which are currently on order from Navig8 Product Tankers at Sungdong Shipbuilding in Korea. Ocean Yield has agreed to acquire the product tankers for a total consideration of USD 198.1 million, in combination with 13 years "hell and high water" bareboat charters to Navig8 Product Tankers Inc, says a company statement. The four vessels are being built at Sungdong Shipbuilding & Marine Engineering Co., Ltd, Korea, and are scheduled for delivery in January, March, May and July 2016.
Cargotec Bags Daewoo's Deck Machinery Order
MacGregor, part of Cargotec, has signed a major contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea to supply a range of Hatlapa deck machinery for ten 172,600m3 liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery, windlasses and mooring winches, all optimised for operations in very low temperatures. Delivery is planned to start in 2017 and continue into 2018. "MacGregor was awarded the contract because it can deliver equipment that complies with the demanding technical requirements of operating in extremely cold conditions…
MacGregor's Pusnes bow loading systems for Suezmax Tankers
MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake. South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co Ltd will install a Pusnes bow loading system on a 157,000 dwt Suezmax DP2 shuttle tanker under construction for tanker specialist Tsakos Energy and Navigation Ltd. The Greek headquartered company specified Pusnes loading systems for two earlier shuttle tankers…
MOL JV Ink Deal for 2 LNG Vessels
Mitsui O.S.K. Lines, Ltd. announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE, a wholly owned subsidiary of E.ON SE. The joint venture also signed a deal with Daewoo Shipbuilding & Marine Engineering Co., Ltd.’s shipyard in Korea to build maximum of two new 179,900m3 liquefied natural gas (LNG) carriers to be able to fulfil the contractual requirements to EGC. MOL will manage the two new vessels…
Shell to Put Teekay’s LNG Newbuilds into service
Subsidiaries of Teekay LNG Partners L.P. and a wholly owned company of Royal Dutch Shell plc today announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell's global LNG fleet under time-charters ranging in duration from six to eight years, plus extension options. Delivery of the vessels will start from the second half of 2017 into 2018. The new time-charter contracts with Shell will be serviced by five 173…
ClassNK Registered Al Kout Delivered to KOTC
Leading classification society ClassNK announced that it has completed work on the 165,178GT VLCC Al Kout, built by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) as part of a series of vessels constructed for the Kuwait Oil Tanker Company S.A.K. (KOTC). The Al Kout was officially delivered to KOTC at a ceremony held at KOTC Head Office in Kuwait on 30 October 2014. The Al Kout is the final vessel of the four VLCCs and one Aframax Tanker constructed by DSME as part…
ClassNK Head Attends KOTC Delivery Ceremony
Noboru Ueda, Chairman and President of ClassNK attended the delivery ceremony for the M/T Al Yarmouk, constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) and delivered to Kuwait Oil Tanker Co. S.A.K. (KOTC) in Geoje, Korea on August 25, 2014. The 317,300DWT very large crude carrier (VLCC), named the M/T Al Yarmouk following its delivery to KOTC, was built as Hull No. 5391 at DSME under ClassNK Rules and Regulations and in line with KOTC’s strict standards on safety and environmental performance.
Classification Society ABS Selects Key Advisors
Following the 151st Annual Meeting of Members and of the Board of Directors ABS informs that industry leaders were elected and appointed to serve on several bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property and preserving the natural environment. “ABS is proud to announce such a strong group of marine and offshore industry leaders that will help guide the direction of one of the world’s leading classification societies,” said ABS Chairman and CEO Christopher J. Wiernicki. John A. RADM James A.
Korea Shipyard Delivers Almi Suezmax Tankship
Almi Tankers S.A. has received M/T Almi Navigator following the vessel's delivery at DSME's Okpo Shipyard., South Korea. This 157,787 dwt tanker is the eighth Suezmax of Almi's newbuilding programme and was built by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) to the highest industry standards. The Almi Navigator is an Eco-friendly vessel, designed with the owner's responsibility to safeguard the environment in mind. Almi Tankers recognises the need to consistently and continuously improve performance, especially in environmental issues.
Huge Offshore Engineering Contract for CB&I
US-based CB&I wins a project contract worth US$250-million from Korea's Daewoo Shipbuilding & Marine Engineering Co, Ltd. (DSME). CB&I's scope of work, which will commence in the first quarter, includes detailed engineering design services for the Mariner Topsides project that is part of the Mariner oil field development project being operated by Statoil in the UK North Sea. The Mariner heavy oil field is located on the East Shetland Platform of the UK North Sea, approximately 150 kilometers east of the Shetland Isles.
Hamburg Süd Christens Containership in China
On Wednesday, August 15, 2012, Hamburg Süd celebrated the christening of its container ship “Santa Barbara” at the Yantian International Container Terminal (YICT) in Shenzhen (People’s Republic of China). Sponsor of the “Santa Barbara” was Johanna Oetker, a daughter of Dr Arend Oetker. The “Santa Barbara” was the last of a total of ten new buildings of the “Santa” class to be christened. Like her nine sister ships, the “Santa Barbara” has a slot capacity of 7,100 TEU and is fitted with 1,600 reefer container plugs. Following her delivery at Daewoo Shipbuilding & Marine Engineering Co. Ltd.
Hamburg Süd Christen Container Ship
Hamburg Süd celebrate the christening of container ship “Santa Barbara” at the Yantian International Container Terminal (YICT) in Shenzhen, China. The “Santa Barbara” was the last of a total of ten new buildings of the “Santa” class to be christened. Like her nine sister ships, the “Santa Barbara” has a slot capacity of 7,100 TEU and is fitted with 1,600 reefer container plugs. Following her delivery at Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) in May 2012, she was phased straight into Hamburg Süd’s service between Asia and South Africa/South America East Coast.
Korean Shipyard Gains Drillship Design License
KBR subsidiary Sweden's GVA signs license agreement with DSME for fabrication of semi-submersible rigs. GVA has signed a license agreement with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in Korea for the fabrication of its GVA 4000NCS, CatD Drilling Unit. The concept for the unit is tailor-made by the industry for Statoil primarily for drilling production and well completion in mature fields. Songa Offshore, the drilling contractor, has ordered four GVA 4000NCS units to be fabricated at DSME to operate in the North Sea Norwegian Continental Shelf (NCS) for Statoil.
Teekay LNG Partners Orders Two LNG Newbuilds
Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) entered into an agreement with Daewoo Shipbuilding & Marine Engineering CO., LTD., (DSME) of South Korea for the construction of two 173,400 cu. m. Liquefied Natural Gas (LNG) carrier newbuildings, with options to order up to three additional vessels. The Partnership intends to secure long-term contract employment for both vessels prior to their delivery in the first half of 2016. The newbuildings will be constructed with M-type…
World's Largest Container Ship Flies Red Ensign
The 175,343 gt 'CMA CGM Marco Polo' owned by CMA CGM Group joins the UK ship register. The first in a series of three new 16,000 TEU container ships, for the CMA CGM group to serve on the Asia-Europe routes, the ship was built in Korea by Daewoo Shipbuilding & Marine Engineering Co Ltd, and is almost a quarter of a mile long. The new vessel is also designed with cutting edge technology for high levels of performance, safety and environmental protection. Features include a mid-ship deckhouse…
MAN B&W ME-GI Engines Ordered by Teekay
MAN Diesel & Turbo receives another order for the MAN B&W ME-GI dual-fuel, two-stroke, gas-injection engine. Teekay LNG Partners L.P. (Teekay LNG), an offshoot of Teekay Corporation, the international shipping group, has placed an order for two LNG carriers powered by 2 × 2 5G70ME-GI engines, including an option for three further ships. The propulsion solution Teekay has chosen is the most fuel-efficient, low-emission method available on the market. The ME-GI uses high-pressure…