Trump signs America-First offshore energy order [Offshore]
The US President Trump issued an executive order directing the Departments of Interior and Commerce to “encourage energy innovation, exploration, and production” in U.S. offshore areas including the Arctic outer continental shelf.  Ac...
2017-05-04 07:11:59
"SHI to see increase delivery" [Shipbuilding]
It has been suggested that Samsung Heavy Industries will continue to normalize in newbuilding sales as it has been increasing new orders especially in Aframax tanker sector and showing stable delivery volume since 2015.  Park Moo-Hyun, a ...
2017-05-04 07:11:18
Japanese yards made losses in FY 2016 [Shipbuilding]
It turned out that a fair number of Japanese shipyards made losses or saw a sharp decrease in their profits in financial year (FY) 2016. According to Japan's local business analysis, Japanese yards made losses, resulting from difficulties in t...
2017-05-04 07:10:29
SHI accident happened in 'Martin Linge' constructi [General]
At a work site in Samsung Heavy Industries' Geoje shipyard where six people were killed on May 1 due to a crane rollover accident, it turned out that 'Martin Linge', an offshore oil production facility for Total, was under construction, which is ...
2017-05-04 07:09:27
Stop work order issued for SHI [General]
A cease work order has been issued for Samsung Heavy Industries' Geoje shipyard in the aftermath of the collapse of a tower crane, which causes six deaths.  Tongyeong branch office of the Ministry of Employment and Labor (MOEL) of Korea a...
2017-05-04 07:08:33
Global NB delivery slightly up in 1Q [Shipbuilding]
Newbuilding delivery of global shipbuilders during the first three months of 2017 totaled 436 vessels and 32.7m dwt (9.9m cgt), up 3% from the same period last year. However, the annual delivery in 2017 is expected to be 92m dwt, 8% less than the...
2017-05-04 07:07:52
SHI wins crude tanker quartet from Asian owner [Shipbuilding]
Samsung Heavy Industries announced through a regulatory filing on May 2 that the Korean shipbuilding tycoon penned a contract with one Asian shipowner for building four crude oil tankers.  The value of the deal reaches approximately KRW 3...
2017-05-04 07:06:08
Korea reaches record high in ship exports [Shipbuilding]
Korea posted the second highest exports ever last April, with an all time high of ship exports. The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced on May 1 that Korean exports reached $51bn (provisional) last April, up by 24...
2017-05-04 07:05:05
SHI apologizes for safety accident [General]
Regarding a crane rollover accident which was happened at a work site in its Geoje shipyard, Samsung Heavy Industries had a Q and A session with reporters on May 1 and conveyed, "It seems that the accident came from a breakdown in communication...
2017-05-04 07:04:12
ABS sets standards in HHIC's FSRU design concept [Offshore]
ABS continues to support innovation in industry. Working with Hanjin Heavy Industries and Construction Co., Ltd. (HHIC) as it completed a new Floating Storage and Regasification Unit (FSRU) design concept, ABS provided safety guidance and advice ...
2017-05-02 07:41:23
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