Tag: HHI

DABA is a 317,000 DWT VLCC Oman Shipping Company S.A.O.C. (OSC) took delivery of oneof their latest Very Large Crude Carrier (VLCC) the DABA, at Hyundai HeavyIndustries co. Ltd's (HHI) Yard in Ulsan, South Korea on 6th Jan 2012.DABA has a 317,000 deadweight ton (DWT) capacity, is 333meters length overall, 60 meter in beam and a design draft of 21 meters. This is OSC's third VLCC delivery, out of anorder of five, from HHI, and is the Company's 11th out of a future fleet of 17VLCCs. DABA is going to be operated inthe VL8 Pool, managed by NAVIG8, of which OSC is Shareholder. With this, OSCwill have 6 vessels in VL8 Pool.International Tanker Management (ITM), in Dubai, will technically managethe vessel.Since commercial operations began in 2003, OSC now has afleet of 30 vessels, and an order book of 11 vessels to be delivered betweennow and 2013. The DWT capacity of thecurrent fleet is around 4.6 million DWT, increasing to around 8 million DWTonce the order book is delivered.Oman Shipping Company S.A.O.C. is a closed joint stockcompany, incorporated in 2003 and owned by the Government of the Sultanate ofOman through the Ministry of Finance (80%) and Oman Oil Company S.A.O.C.(20%). Headquartered ...

Liquefied Natural Gas (LNG) has emerged as an increasingly important clean energy source Liquefied Natural Gas (LNG) has emerged as an increasingly important clean energy source, particularly following the devastating earthquake and tsunami that struck Japan and triggered one of the world's worst nuclear disasters.With the increasing demand for LNG, it has become more attractive to oil and gas majors to develop "stranded gas" in offshore fields. With this in mind, Korea's Hyundai Heavy Industries, working with German industrial gas and engineering firm Linde AG, has completed developing its own Hyundai FLNG (Floating Liquefied Natural Gas Plant) concept.The FLNG concept is a special floating vessel that can produce natural gas, liquefy it, and offload it directly to an LNG carrier. HHI conducted risk and safety evaluations of the FLNG and received approval-in-principle from classification society DNV. HHI says the Hyundai FLNG takes 25% less time to build compared to the onshore liquefaction and storage plant, making it an attractive option for oil majors and global shipping companies looking to commercialize stranded gas in offshore fields.The Hyundai FLNG has an annual production capacity of 2.5 million tons of LNG and can store about 193,800 m3 LNG with its compact size of ...

To build a new deepwater drillships for Noble Drilling Holding Hyundai Heavy Industries, the world's biggest shipyard, today clinched a USD 530 million order to build a new deepwater drillships for Noble Drilling Holding, a leading offshore drilling contractor for the oil and gas industry. The order is the second of two options Noble Drilling Holding exercised from the contract the company signed with Hyundai Heavy this January. The order was for two drillships with two options for two more of the same class. The 10th drillship Hyundai Heavy won this year, measuring 229m in length and 36m in width with a maximum drilling depth of 12km from the surface of sea, is scheduled to be delivered by the end of 2014. "Drillships Hyundai Heavy builds presents a variety of technical advantages including optimized ship design and the world's deepest drilling capacity," said Mr. David Williams, Chairman of Noble Drilling Holding. Hyundai Heavy has won orders for 10 drillships this year, the most of any shipbuilder.Chairman of Noble Drilling Holding Mr. David Williams and Senior Executive Vice President & CEO of Hyundai Heavy Mr. Kim Oi-HyunSource: Hyundai Heavy Industries

To build two 155,000 cbm LNG carriers for Singapore-based BW Maritime. Hyundai Heavy Industries, the world's biggest shipbuilder, won an USD 400 million order to build two 155,000 cbm LNG carriers for Singapore-based BW Maritime.Mr. Kim Oi-hyun, senior executive vice president and CEO of Hyundai Heavy and Mr. Clarence Lui, BW Maritime CFO & executive vice president, signed the contract that also includes an option to build two same class LNG ships.These membrane-type LNG carriers, measuring 228 m in length, 44.2 m in width and 26 m in depth, are due for delivery in the second half of 2014 and the first half of 2015. The ships for liquefied natural gas feature the Dual Fuel Diesel Engine System (DFDE) which allows the ship to run both on oil fuel or natural gas.Hyundai Heavy has been taking the lead in developing technologies for LNG carriers such as building Korea's first LNG ship in 1996, Korea's first DFDE-type LNG carriers in 2007, and the world's first new LNG-floating storage regasification unit in June 2011. Moreover, Hyundai Heavy has been developing a special welding system that can work on the thick aluminum plates used for the LNG tanks since 2010.The Ulsan, South-Korea based ...

The vessels are due for delivery in 2014 Greek owned Dynagas has returned to Hyundai Heavy Industries (HHI) for two more LNG carriers.Dynagas has inks contracts for two additional 155,000 cu m LNG carriers, on top of a pair ordered at HHI in May. The vessels are due for delivery in 2014 and comprise one option from the previous order and an additional new order.Pricing is reported to be similar to the $200m each paid for the previous pair.Source: Seatrade Asia

Order to build two drillships Hyundai Heavy Industries says that it has won a $1.12 billion order to build two drillships for drilling contractor Rowan Companies Inc.The contract, signed yesterday by Mr. Kim Oi-hyun, senior executive vice president & CEO of Hyundai Heavy and Mr. W. Matt Ralls, president of Rowan Companies Inc. also includes an option exercisable by Rowan to order an additional same class drillship.The vessels, measuring 229 meters in length and 36 meters in width, are rated for operations in water 12,000 ft (3,657 m) deep. They are scheduled to be delivered by the second half of 2013.Winning this order brings Hyundai Heavy's total drillship new orders this year to 9, worth USD 5 billion with options to build three more drillships. This is the largest drillship orderbook of any shipbuilder in the world.The drillships will be equipped with a thruster canister..Hyundai Heavy drillships are based on the Gusto P10000 design.Source: Marinelog

The order was worth around $500 million South Korea's Hyundai Heavy Industries Co has won a combined order to build up to five shuttle tankers for Norway-based Knutsen NYK Offshore Tankers, sources said on Wednesday, Reuters reports.Sources with knowledge of the matter told Reuters that the deal included an option for three additional vessels. Local media reported that the order was worth around $500 million.Source: Portnews

Of all industries in the EU economy the transport sector is the only one to have steadily increased its Carbon Dioxide (CO2) emissions since the reference year of 1990. Transport comprises of three modes, inland (road, rail and waterways), sea and air. Emissions from inland transport (mainly road) are the most important followed by maritime while aviation comes third. The greatest share of CO2 reductions has been achieved by land based emissions sources such as industrial plants and road transport. Regarding the maritime sector, it has to be said that historically it has not been addressed properly, if at all, as compared to all other transport modes. Such a privileged lack of regulation implies that currently, the cost of reducing emissions from ships would be much lower than for same results from land-based polluters. The shipping industry claims that by improving marine fuel oil quality and by reducing the sulphur content, as agreed in the International Maritime Organisation (IMO) under the MARPOL Convention, it will contribute to CO2 emissions reduction. This is incorrect and misleading. Improved marine fuel quality is totally unrelated to CO2 emissions. A better and cleaner fuel does not reduce CO2 emissions responsible for the global warming ...