Tag: Samsung Heavy Industries

Wartsila to supply inert gas systems for three new Oil & Gas sector vessels

Evergreen Line christens its tenth L-type containership in South Korea

LNG vessels being built for NYK On August 17, a naming ceremony was held at the Geoje Island shipyard of Samsung Heavy Industries , Ltd.(Samsung) in Korea for two LNG vessels being built for joint owners NYK LNG (Atlantic) Ltd. (headquarters: London, UK), a wholly owned subsidiary of NYK; Mitsui & Co. Ltd. (headquarters: Chiyoda-ku, Tokyo); and Teekay Corporation (headquarters: Vancouver, Canada) to ship LNG. The vessels are chartered by Angola LNG Supply Services (ALSS; headquarters: Houston, U.S) and will ship the LNG produced by Angola LNG Ltd.H.E José Maria Botelho de Vasconcelos, petroleum minister of the Republic of Angola; Ichizo Kobayashi, managing officer and COO of the Marine & Aerospace Business Unit at Mitsui; David Glendinning, president of Teekay Gas Services; In-Sik Roh, president and CEO of Samsung; and NYK representative director and senior managing corporate officer Masahiro Kato were in attendance. Mr. Kobayashi's wife named one vessel Soyo, and the other vessel was named Malanje by Mr. Glendinning's wife before the ceremonial rope holding the vessels in place was cut by the two women and Mr. Kato's wife.Soyo and Malanje are jointly owned by NYK LNG (Atlantic) (33%), Mitsui (34%), and Teekay (33%). Soyo will be completed by ...

ABB wins orders worth a total of $200 million ABB reports that it won equipment orders worth a total of $200 million from Samsung, Hyundai, Keppel FELS and Jurong Shipyard, in South-Korea and Singapore, for 23 new jack-up and DP drilling vessels and one FPSO.The companysays that its delivery will help the ships maximise energy efficiency, and provide a reliable power supply to improve the use of onboard equipment. The scope of supply includes complete electrical systems and related equipment such as generators, distribution switchboards, and transformers, as well as drives and motors to power the ships' thrusters and drilling systems. The orders were all booked during the second quarter of 2011.The vessels will operate in oil and gas extraction, production and transportation, and include semi-submersible drilling rigs, drill ships, mobile oil and gas platforms as well as FPSO vessels."This group of important orders underscores ABB's excellent reputation for delivering comprehensive, reliable solutions that help our marine customers operate at the highest levels of efficiency, as well as our vast oil and gas industry expertise," said Veli-Matti Reinikkala, head of ABB's process automation division.Source: The Motorship

Euronav has delayed the deliver of two suexmax and one VLCC newbuilding Samsung Heavy Industries (SHI) has agreed to delay the delivery of three tanker newbuildings to Euronav until next year.Euronav has delayed the deliver of two suexmax and one VLCC newbuilding being built at SHI from the second half of this year to the first half 2012.The shipowner reported average spot earnings of just $22,000 a day in the second quarter for its VLCCs and $12,200 daily for suezmaxes.Source: Seatrade Asia

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 ...