Tag: Samsung Heavy Industries

Hong-Kong based OOCL's sixth and last container ship in the 21,413 TEU series was christened at the Samsung Heavy Industries shipyard on Geoje, on 17 January. The ship, named 'OOCL Indonesia', will begin her maiden voyage this month and join her other five sister vessels on OOCL’s Asia-North Europe Loop 1 trade lane.

Samsung Heavy Industries will aim to achieve an operating profit next year. This can achieved by the increased order volume and reduced fixed costs. The company's CEO, Nam Joon-ou said that a better demand can result in orders of US$8.2 billion in 2018, compared to $6.9 billion in 2017.

South Korean shipyards, including HHI, SHI, and DSME, have set higher order goals for 2018, in line with expectations for an overall improvement in the shipbuilding sector. The country's shipbuilding industry is hit by a decrease in new orders in the last years, as a result from global economic downturn.

Ground-breaking agreements bringing together new app-based vessel management from two of the biggest names in maritime technology and Inmarsat confirm that shipping’s much-hyped information superhighway is headed in the direction of Fleet Xpress.

Hong Kong-based OOCL announced introduction of another 21,413 TEU containership, named the OOCL Scandinavia, into its fleet of world trade ambassadors. This latest ship is the fifth in a series of six ‘G Class’ containerships on order at the Samsung Heavy Industry shipyard.

Hong-Kong based OOCL christened its latest 21,413 TEU containership, OOCL United Kingdom, on 27 September, at Samsung Heavy Industries shipyard, South Korea. The vessel is the fourth in the line of six ordered from SHI.

South Korean Samsung Heavy Industries has confirmed the signing of a USD968 million contract with the Mediterranean Shipping Company, for the construction of six 22,000 TEU ships, to be the world's largest container vessels, upon delivery by the end of 2019.

South Korea's major shipyards have report weaker than expected earnings for the third quarter of the year, due to rising costs and the construction of low-priced ships amid reduced new orders. South Korean shipbuilding has been suffering a financial pressure since the 2008 global economic crisis.

Inmarsat announced the signing of a MoU with Samsung Heavy Industries, aiming to leverage the ‘smart ship’ connectivity offered by Fleet Xpress at the vessel construction stage. The ‘Smart Ship’ service aims to allow owners to harvest data from hull-monitors and equipment sensors onboard in real-time.

On August 4th, Korean Samsung Heavy Industries announced the launch of Safety Master Plan, a new plan aiming to enhance safety, after the fatal crane collapse in May. The Plan involves initiatives and detailed roadmap to establish Geoje shipyard as the world's safest shipyard by 2018.