Tag: Samsung Heavy Industries

The total project cost is approximately at USD 1.3 billion Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy Industries in South Korea.The drillships are scheduled for delivery in the second and third quarters of 2014, respectively. The total project cost for the two drillships is approximately USD 1.3 billion, which includes a turnkey contract with the yard, owner furnished equipment, project management, commissioning, start-up costs and capitalized interest. Simultaneously, Maersk Drilling has obtained a new option for the construction of two additional drillships."We have an ambition of becoming one of the leading drilling contractors in the ultra deepwater segment and this order is another important step in taking a bigger share of this attractive market segment,"says Claus V.Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller Maersk Group. "The order reflects our commitment to grow our rig fleet enabling us to serve our customers in the ultra deepwater segment on a more regular basis," Claus V. Hemmingsen continues.Year to date, Maersk Drilling has invested USD 3.8 billion in two new jack-up rigs and four drillships.Maersk Drilling had a ...

The three shipbuilders also secured two-thirds of the total global LNG carrier orders Korea's top three shipbuilders saw an increase in new orders this year despite global shipbuilding orders dropping sharply from a year earlier.According to related industries, global shipbuilding orders during the January to May period stood at 12 million CGT or compensated gross tons which is not even a third of total orders received last year.However, Korea's Hyundai Heavy Industries and Samsung Heavy Industries secured orders worth 14.8 billion and 11.1 billion dollars, respectively, during the first half of this year which is more than what the two shipbuilders received during 2010.Daewoo Shipbuilding and Marine Engineering also won contracts worth more than 6.7 billion dollars more than half of last year's total orders of 11.2 billion dollars.Then what is behind the Korean shipbuilders' strong performances this yearAnd all 21 orders were won by Korean firms, with Hyundai securing 9, Samsung 8 and Daewoo 4.The three shipbuilders also secured two-thirds of the total global LNG carrier orders, while also receiving more than 40 orders for container vessels with over 10-thousand TEU or twenty-foot container capacity.Industry officials attribute the three companies' dominance to the outstanding technologies Korean firms possess and ...