Samsung Secures $2.5b Ship Block Deal

Samsung Secures $2.5b Ship Block Deal

South Korean shipbuilder Samsung Heavy Industries (SHI) has won a major ship block deal, the biggest ever single contract deal in the yard’s history.  The deal, revealed on Monday in a stock exchange filing, comes from an unnamed European shipowner...
read more
Samsung Group Chairman Dies At  78

Samsung Group Chairman Dies At 78

Lee Kun-hee, the chairman of South Korea’s largest conglomerate, Samsung Group, has died aged 78.  Mr Lee helped to grow his father’s small trading business into an economic powerhouse, diversifying into areas like insurance and shipping.&nbsp...
read more
Samsung Lays Keel For 174,000 cbm LNG Carrier

Samsung Lays Keel For 174,000 cbm LNG Carrier

South Korean shipbuilder Samsung Heavy Industries has held a keel-laying ceremony for one of two 174,000 cbm LNG carriers ordered by LNG carrier owner and operator of GasLog. The keel-laying ceremony took place half a year after the ship started...
read more
Samsung Unveils Galaxy A10s, A20s, A30s In Nigeria

Samsung Unveils Galaxy A10s, A20s, A30s In Nigeria

Samsung on Thursday unveiled new members of the Galaxy A Series smartphones – the Galaxy A10s, A20s and A30s.  According to Samsung, the new devices offer upgrades to essential features, made even more powerful with more value for the new...
read more
Samsung Secures $920m Contract For Six Evergreen Containerhips

Samsung Secures $920m Contract For Six Evergreen Containerhips

South Korea’s Samsung Heavy Industries has signed shipbuilding deals for Evergreen’s latest ultra-large containerships, valued at a total of USD 920 million. The order was placed for the construction of six of the world’s largest container ships, with a ...
read more
Samsung Secures $186m LNG Carrier Deal

Samsung Secures $186m LNG Carrier Deal

South Korean shipbuilder, Samsung Heavy Industries, has secured a deal to build a liquefied natural gas (LNG) carrier for an Asian customer. According to the builder’s stock exchange filing, the construction contract has a value of around KRW 225.5 billion.....
read more
New Samsung Galaxy Note 10 Debuts In Nigeria

New Samsung Galaxy Note 10 Debuts In Nigeria

By citybusinessnews@yahoo.com —  Samsung has unveiled Galaxy Note10, a new line of premium smartphones that combines design with powerful performance.  According to the company, the new product is inspired by a generation that flows seamlessly ...
read more
Samsung Unveils Remote-Controlled 5G Car

Samsung Unveils Remote-Controlled 5G Car

Samsung has revealed its 5G enabled car that can be operated remotely. developed in association with  Vodafone. The South Korean technology giant claims, this connected car s first-of-its-kind virtual reality car. Based on a Lincoln MKZ, the car was being...
read more
Samsung Secures Order For Special-Purpose Vessel

Samsung Secures Order For Special-Purpose Vessel

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of one special-purpose ship for an undisclosed European shipowner. As informed, the order is worth KRW 134.8 billion (around USD 1.2 billion). Signed on June 28,...
read more
Samsung Builds 1st LNG-Fueled Ships With Own Technology

Samsung Builds 1st LNG-Fueled Ships With Own Technology

South Korea’s Samsung Heavy Industries (SHI) informed it has successfully constructed its first LNG-fueled vessels with the shipbuilder’s own technology. The LNG-powered 113,000 dwt oil tanker pair delivered to an Asian shipowner early this year just compl...
read more
Samsung Delivers Sixth MR Unit To  Maersk Tankers

Samsung Delivers Sixth MR Unit To Maersk Tankers

Denmark’s Maersk Tankers has received its latest medium range (MR) product tanker from Samsung Heavy Industries (SHI). Maersk Corsica was officially delivered to Maersk Tankers on April 26, two days after a naming ceremony at SHI’s Ningbo shipyard, in Chin...
read more
Samsung Secures Order For $970m FPSO Unit

Samsung Secures Order For $970m FPSO Unit

South Korean shipbuilder,  Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit. The contract worth KRW 1.1 trillion (around USD 970 million) has been signed with an unnamed Asi...
read more
Samsung Secures Fresh Order For $190.6m LNG Carrier

Samsung Secures Fresh Order For $190.6m LNG Carrier

South Korea’s Samsung Heavy Industries has signed a deal for the construction of one more liquefied natural gas (LNG) carrier. According to the company’s stock exchange filing, the new order has a value of KRW 215.4 billion (USD 190.6 million)....
read more
Samsung Secures $774.9m  Contract For LNG Carriers

Samsung Secures $774.9m Contract For LNG Carriers

South Korea’s Samsung Heavy Industries has clinched an order to build four liquefied natural gas (LNG) carriers. The shipbuilder received newbuilding orders from a US shipowner, SHI said in a regulatory filing without revealing further details. The shipbuild...
read more