Tag: Ship Building

Samsung Gets $235m Gas Carrier Contract
January 20, 2024 No Responses

Samsung Gets $235m Gas Carrier Contract

South Korean shipbuilder, Samsung Heavy Industries (SHI) has won a construction contract for two liquified petroleum gas (LPG)/ammonia carriers. The deal, valued at $235 million, was signed with undisclosed shipowners in the Oceania region. Samsung said that the two VLACs...
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Hyundai Rolls Out Low-Carbon Electric Propulsion System For Large Ships
November 5, 2023 No Responses

Hyundai Rolls Out Low-Carbon Electric Propulsion System For Large Ships

HD Korea Shipbuilding & Marine Engineering and HD Hyundai Heavy Industries (HHI), affiliates of HD Hyundai Shipbuilding, has received approval in principle (AIP) for the low-carbon electric propulsion system (phase II) for solid oxide fuel cell (SOFC) batt...
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Hyundai Seeks $930m To Fund Eco-Friendly Ship Technology
August 12, 2021 No Responses

Hyundai Seeks $930m To Fund Eco-Friendly Ship Technology

South Korean shipbuilder Hyundai Heavy Industries (HHI) has decided to raise capital amounting up to$932.8 million in an effort to fund the development of eco-friendly vessel technologies. As a fundraising method, HHI, part of Korea Shipbuilding & Offshore...
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Firm Secures $1.58b Contract For 17 Ships
August 3, 2021 No Responses

Firm Secures $1.58b Contract For 17 Ships

China’s shipbuilder, Yangzijiang Shipbuilding has secured contracts for up to 17 new buildings from Seaspan Corporation worth $1.58 billion in total.  The shipyard received orders for 10 liquified natural gas (LNG) dual-fuel 7,000 TEU containerships and two...
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Abu Dhabi, Daewoo Seal $260m Contract For Three Crude Carriers
December 5, 2020 No Responses

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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Firms Seal $19.2b LNG Shipbuilding Deal
June 2, 2020 No Responses

Firms Seal $19.2b LNG Shipbuilding Deal

Qatar Petroleum has inked three deals with South Korean shipbuilders reserving slots for its LNG tanker fleet expansion valued over $19 billion. Qatari giant said on Monday it has signed deals to reserve LNG ship construction capacity in South Korea...
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Daewoo Delivers 2nd 24,000 TEU To HMM
May 23, 2020 No Responses

Daewoo Delivers 2nd 24,000 TEU To HMM

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has delivered HMM Copenhagen, its second 24,000 TEU containership from a batch of twelve units, to the compatriot shipping company HMM. The newbuilding joins its sister ship HM...
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