Samsung Heavy Industries

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HMM partners with SHI on smart ship technology

South Korean shipping company Hyundai Merchant Marine has signed a MoU with compatriot shipbuilding giant Samsung Heavy on smart ship technology. Under the MoU, the two companies will collaborate in the research, development and innovation in the field of smart ship solutions.

Pacific Drilling to appeal $320m arbitration award

Offshore drilling contractor Pacific Drilling has filed an application with the High Court in London for leave to appeal the decision issued in arbitration proceedings with Samsung Heavy Industries (SHI) regarding the construction contract of the Pacific Zonda drillship.

Partners join forces on ammonia-fuelled tanker project

MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register (LR) and MAN Energy Solutions announced a collaboration to jointly launch a project (JDP) for an ammonia-fuelled tanker to support shipping’s drive towards a decarbonized future.

Korean shipbuilders to face challenging year due to pressure on offshore plant sector

Maeil Business Newspaper reports that South Korea’s big three shipbuilders will be facing a challenging year ahead of them due to the extra pressure put on the offshore plant sector, affecting its business performance. It is said that as oil refiners are reluctant to place new orders due to high volatility of oil prices, it is increasingly difficult to get offshore plant orders.

Samsung Heavy Industries to pay $75 million to resolve foreign bribery case

Samsung Heavy Industries Company Limited (SHI) has agreed to pay penalties amounting to more than $75 million in order to resolve a U.S. government’s investigation into violations of the Foreign Corrupt Practices Act. The Department of Justice stated that SHI paid millions of dollars to a Brazilian intermediary knowing that some of the money would be used to bribe high-level executives at Petrobras to obtain a shipbuilding contract.

SHI partners on solid oxide fuel cell-powered tanker

Samsung Heavy Industries (SHI) and Bloom Energy, a manufacturer of solid oxide fuel cells, announced their partnership on designing and developing a vessel that could be the first large merchant vessel powered by fuel cells that run on natural gas.

ABS, Samsung Heavy join forces on next generation LNG carrier

ABS and South Korean shipbuilder Samsung Heavy Industries (SHI) signed on a joint development project to collaborate on a next generation LNG carrier with advanced air lubrication and smart capabilities. The agreement was signed on 17 September.

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