shipbuilding

SHI constructs its first LNG-fueled vessels using its own tech

Samsung Heavy Industries (SHI) announced that it has successfully built its first LNG-fueled vessels using its own technology. The company had announced on April 29, that the two LNG-fueled 113,000 dwt oil tankers delivered to an Asian shipowner earlier this year completed the first bunkering at the port of Rotterdam and now begin their operation as eco-friendly vessels.   

UECC to build vessels running on batteries and LNG

United European Car Carriers, jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, has signed a contract to build two new generation PCTC with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co. Ltd. The newbuilding contract also includes options for two more ships, and the first one is planned for delivery in 2021.

US introduce new bill to boost American shipbuilding

US lawmakers introduced a bill called “Energizing American Shipbuilding Act of 2018.” This bill aims to rebuild America’s domestic shipbuilding and maritime industry.
The legislation will support American shipbuilding by requiring a portion of LNG and crude oil exports to be transported on US-built, U.S.-crewed vessels.

Global LNG Capex to total $236 billion over 2018-2022

Global LNG capital expenditure (Capex) will total $236 billion over 2018-2022, which represents a 14% growth compared to the preceding five-year period, according to Westwood Global Energy. In the near-term, expenditure is expected to be subdued due to the lack of project sanctioning seen during the oil price downturn.

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