HHI in FEED race for Shwe-3 [Offshore]
Hyundai Heavy Industries (HHI) and McDermott have been chosen as finalists for scoring FEED contract in phase three of the POSCO International (the former POSCO Daewoo)-operated Shwe gas field development offshore Myanmar.   Accordin...
2019-07-30 08:29:34
SHI localizes ship battery system [Equipment]
Samsung Heavy Industries (SHI) announced on July 29 that 'lithium-ion battery system for ship', which was developed by the Korean mammoth shipbuilder and its compatriot battery maker giant and another affiliate of Samsung Group Samsung SDI, has r...
2019-07-30 08:29:07
HHI CEOs call for cooperation of employees [General]
Han Young-Seok and Ka Sam-Hyun, co - CEOs of Hyundai Heavy Industries (HHI), released a statement on July 26 to ask executives and staff members to join forces after vacation for the take off in shipbuilding industry. They also stressed, "It is i...
2019-07-30 08:28:26
Sovcomflot awards LNG PCs to Zvezda [Shipbuilding]
The first meeting of PAO Sovcomflot’s Board of Directors this year, incorporating new members, was held on 23 July 2019. Guided by a Directive of the Russian Government, the company’s Board of Directors approved transactions with Zvezda Sh...
2019-07-29 16:06:35
CMG completed the acquisition of AVIC Weihai [Shipbuilding]
China Merchants Offshore Engineering Investment, a wholly-owned subsidiary of China Merchants Group (CMG), has completed the acquisition of the rest 69.77% shares in AVIC Weihai Shipyard from AVIC International Holdings. Weihai city authority ...
2019-07-29 16:03:21
SHI narrowed loss in Q2 [Shipbuilding]
Samsung Heavy Industries (SHI) posted Q2 interim results on July 26 through a regulatory filing, at KRW1.7704trn of revenue and KRW56.3bn of operating loss. SHI increased Q2 revenue by 32% and 21% compared to the same period last year and the ...
2019-07-29 15:38:40
Daesun nets its first small LPG carrier deal [Shipbuilding]
Daesun Shipbuilding & Engineering signed its first newbuilding contract for a small LPG carrier. The shipyard recently signed a deal for one 3,500-cbm LPG carrier with GS Caltex. After the delivery in February 2021, GS Caltex’s shipping ...
2019-07-29 14:54:10
Carlyle acquires US repair yards [Shipbuilding]
Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management announced a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based i...
2019-07-29 08:54:08
Baleària starts smart gas ship [Shipping]
Baleària and Fred. Olsen Express will start the Abel Matutes smart gas ship from next Sunday, July 28, to the route that connects Huelva with the Canarian ports of La Luz (Las Palmas de Gran Canaria) and Santa Cruz de Tenerife. The shipping comp...
2019-07-29 08:52:36
Big Splash for Deep Blue In Brazil [Offshore]
The Deep Blue is making a big splash in Brazil. TechnipFMC’s flagship deepwater pipelay and construction vessel is embarking on a major subsea project laying pipeline on the Peregrino Phase 2 Project in the Campos Basin offshore Brazil. D...
2019-07-29 08:51:10
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