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Solvang signs contract with HHI for LPG carrier duo

 Solvang ASA and partners have signed a contract with Hyundai Heavy Industries in Korea, for the construction of two 78.700 cbm LPG carriers.The vessels will be Panamax VLGC vessels, with the feature of being able to transit both new and old Panama canal. Solvang currently has 50% of the existing global Panamax VLGC fleet.The new vessels are scheduled for delivery in Q2 and Q3 2017. Solvang will be managing owner and the vessels will be placed into one of the existing shipowning companies where Solvang has 30% ownership. Both vessels will upon delivery from yard enter 10 year timecharter contracts to an Oilmajor.  Source and Image Credit: SolvangIn the starting, I was forthright with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just as it is incredible to sit.

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Maersk Line to add more vessels in its fleet

The new building contract with Hyundai Heavy Industries (HHI) has a value of USD 1.1 billion and was signed in July 2015 by Søren Toft, Chief Operating Officer, Maersk Line (left) and Mr. Sam H. Ka, Chief Operation Officer of HHI (right). Maersk Line signed a new building contract with Hyundai Heavy Industries (HHI) in July to build nine vessels with a 14,000 TEU capacity and an option for up to eight additional vessels. The contract has a value of USD 1.1 billion and was signed by Mr. Sam H. Ka, Chief Operation Officer of HHI and Søren Toft, Chief Operating Officer, Maersk Line.“I am very pleased about this order for which we have taken a new approach,” says Søren Toft. “The vessels will be designed to operate in and perform efficiently across many trades and not just designed for one specific trade. They will help us stay competitive and make our fleet more flexible and efficient.”Designing vessels with a flexible operational profile is a first for Maersk Line. By moving away from hulls designed with a certain speed and draft in mind, Maersk Line is strengthening its fleet with vessels which can be deployed on East-West or North-South trades where ...

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Next-gen LNG carrier joint industry project completed

  GasLog announced the completion of the LNGreen joint industry project. The LNGreen joint industry project brought together experts from GasLog, DNV GL, GTT and Hyundai Heavy Industries(“HHI”) to develop a state-of-the-art, next-generation, LNG carrier. Each of the project partners contributed their unique know-how and experience to develop the LNG carrier of tomorrow using the latest technology within the bounds of existing shipbuilding methods. The vessel concept has a significantly improved environmental footprint, a higher level of energy efficiency, an improved boil-off rate, and improved cargo capacity. Applying 2-stroke propulsion technology makes the vessels very well suited to future LNG trading patterns. The LNGreen project focused on improving the efficiency and performance of the modern LNG carrier by analyzing actual operational performance data, focusing on further optimization through reassessment of vessel hydrodynamics, machinery and systems configuration. These improvements will lead to greater efficiency and cargo capacity without any compromise to the safety or quality of the vessels. The outcome of the project was a concept design, which is close to 10% more energy efficient than vessels of the same type and size currently being built and with an increased cargo capacity of approximately 5% within the same physical dimensions. GasLog ...

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HHI jointly develops “Sea Weather Forecasting System”

  Hyundai Heavy Industries (HHI), announced that it jointly developed the “Sea Weather Forecasting System” with Korea Institute of Ocean Science & Technology (KIOST). The system will enable HHI to manage sea trial schedules of ships it builds at its Ulsan yard 72 hours in advance by analyzing sea weather information such as wave height, wind speed and current patterns on an hourly basis in seven offshore areas including Ulsan, Gunsan, and Jeju Island. The weather system is also expected to minimize any possible delay in lifting work of the floating crane due to unexpected weather conditions through precision forecasting of the sea weather by every 60 meter in Mipo Bay and Jeonha Bay where HHI is based. The geographic information system (GIS)–based system can also display sea weather information on the specific spots on an electronic navigational chart. An HHI official said, “The weather forecasting system we developed is linked to 530 weather observation equipment across the nation and it can forecast 10 percent more precisely than other existing weather systems by analysing adjacent sea topography 16 times more accurately.” Since 2006, HHI has been operating “Weather Management” by installing weather observation equipment at 18 spots at its Ulsan ...

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Joint next-generation LNG carrier concept introduced

  DNV GL is pleased to announce the completion of the LNGreen joint industry project, which worked to develop a state-of-the-art next-generation LNG carrier. The LNGreen joint industry project brought together experts from DNV GL and industry specialists from GTT, Hyundai Heavy Industries (HHI) and the shipowner GasLog. Each of the project partners contributed their unique know-how and experience, to develop tomorrow’s LNG carrier using the latest technology, within the bounds of existing shipbuilding methods. The vessel concept has a significantly improved environmental footprint, a higher level of energy efficiency, as well as an improved boil-off rate and cargo capacity, making it much better suited to future trading patterns than existing vessels. LNGreen investigated the improvement of efficiency and performance of LNG carriers by considering actual operational conditions and optimisation in terms of hydrodynamics, machinery and system configuration. These developments were based on DNV GL’s integrated systems engineering approach COSSMOS, state-of-the-art computational fluid dynamics calculations (CFD), and a containment system design, tailored to a specific operational profile and anticipated trades. Martin Davies, the Project Manager at DNV GL stated that “using enabling computer tools we managed to develop a vessel which is approximately 8% more energy efficient and has increased ...

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HHI, GE develop world’s first gas turbine-powered LNG carrier

  Hyundai Heavy Industries announced that the company has jointly developed world’s first gas turbine-powered 174,000 m3 LNG carrier with GE Aviation and Marine (GE), and has secured Approval in Principle (AIP) on the vessel from the UK-based Lloyd’s Register. The IMO Tier III-compliant 174,000 m3 LNG carrier is equipped with GE’s gas turbine-based Combined Gas turbine Electric and Steam system (COGES 2.0). The vessel is expected to save shipowners or operators an estimated 20 billion Korean won ($17.83 million) on the assumption that the LNG carrier operates for 20 years with an annual operating cost of $720,000, since it does not need additional equipment to handle exhaust emissions. The gas turbine-powered engine is 60 percent lighter than conventional engines and will lower operating and maintenance costs accordingly. Durability and low vibration/noise of the engine are also test-proven over 70 million hours of application on offshore platforms, onshore power plants, and high-speed ferryboats. Mr. Brien Bolsinger, vice president of GE Aviation and Marine, said, “We have put enormous efforts into developing the world’s first turbine-powered LNG carrier in close cooperation with HHI. With the AIP, we are proud to introduce the eco-friendly and fuel-efficient gas turbine-powered LNG carriers to the ...

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Innovative design maximizes cargo capacity

https://www.youtube.com/watch?v=hKYv3WcURs0 SkyBench Container Carriers, Hyundai Heavy Industries’ design for maximizing cargo capacity. Learn more about the SkyBench Project at the following article: HHI receives Approval in Principle for SkyBench conceptIn the origin, I was forthright with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just as it is improbable to sit.

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HHI receives Approval in Principle for SkyBench concept

  Classification society DNV GL has presented Hyundai Heavy Industries (HHI) with an Approval in Principle (AiP) certificate at the Nor-Shipping exhibition in Oslo. The result of development conducted by HHI and co-work closely together with DNV GL, the certificate confirms that the concept complies with the DNV GL rules for the classification of ships. HHI’s Senior Executive Vice President & COO of Shipbuilding Division, Yoon Moon-kyoon, was presented with the certificate by Tor E. Svensen, CEO of DNV GL – Maritime, at a ceremony at the DNV GL booth. First demonstrated at the SMM trade fair in Hamburg last year, the SkyBench concept is an innovative design to increase the cargo capacity of large container vessels. The bridge and upper three decks of a “twin island” design container would be constructed as a separate sliding block, mounted on rails and able to move over the length of two 40ft container bays. In combination with a resizing and relocation of fuel tanks and the utilization of the void spaces beneath the accommodation block in a traditional design, this allows the addition of two extra 20ft container bays. The resulting cargo increase amounts to 270 TEU on a 17-row wide 10,000 ...

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