Samsung Signs $172m Crude Carrier Contract

Samsung Signs $172m Crude Carrier Contract

South Korean shipbuilder Samsung Heavy Industries (SHI) has signed a contract for the construction of two crude carriers. The shipbuilding firm will construct the vessels for an undisclosed shipowner from Oceania. The value of both ships is estimated at $172...
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Cosco Starts Conversion Work On Large Crude Carrier Into FPSO

Cosco Starts Conversion Work On Large Crude Carrier Into FPSO

Chinese shipyard Cosco Shipping Heavy has started working on a conversion of a very large crude carrier (VLCC) into floating production storage and offloading (FPSO) vessel for the Woodside-operated Sangomar project located offshore Senegal. Woodside informed ...
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Abu Dhabi, Daewoo Seal $260m Contract For Three Crude Carriers

Abu Dhabi, Daewoo Seal $260m Contract For Three Crude Carriers

Abu Dhabi National Oil Company (ADNOC) has placed an order for three Very Large Crude Carriers (VLCCs) with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering. The contract is worth KRW 282 billion ($ 260 million), according to the...
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