South Korea: Fredriksen to Acquire New Vessels for USD 610 Mln

John Fredriksen, the world’s 72nd-richest person according to Forbes magazine, has bought new vessels worth approximately $610 million. There are also clear indications that he might place new orders in the upcoming period. Six oil-product tankers were ordered from STX Offshore & Shipbuilding Co. for 235.5 billion won ($210 million).

These tankers are known as medium-range vessels, each with a carrying capacity of about 50,000 deadweight tons, hauling refined oil products such as jet or diesel fuel. Golar LNG Ltd. (GOL), whose chairman is Fredriksen, ordered $400 million worth two ships to haul liquefied natural gas from Hyundai Samho Heavy Industries Co. There is a great possibility that an order for two more ships will be placed.

The shipping billionaire is planning to buy tankers as soon as vessel prices fall. This is something he strongly believes in.

Shipbuilding Tribune Staff, February 15, 2012

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Posted on February 15, 2012

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9th Annual Coasts and Marine Structures 2017 Conference

Discover Best Practise Strategies for Design, Planning, Construction and Asset Management

To remain competitive, Australian port operators must plan, design, manage and maintain their assets more creatively and proactively to meet future demands and drive profitability.

With this in mind, the Coast and Marine Structures Summit 2017 will focus on key considerations relevant to ensuring your existing assets are maximised and prepared to accommodate bigger vessels.

Hear from 20+ global experts including Maritime/Coastal Engineers, Contractors, Port Authorities and more, including GHD (USA), Indonesian Port Corporation (Asia), G-Group Consulting (New Zealand), Ausenco (Australia), Port Authority NSW (Australia), to name a few.

By attending this 2-day conference, you’ll learn about:

– Innovative planning and design of ports to create efficiencies that drive profit
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– Proactive asset management and maintenance to improve durability and maximise and extend asset lifecycles
– Alternative material and protection techniques trialled and tested in the US and Europe
– Strategies to shift organisational culture and mindset from asset management to asset maintenance
– How you can leverage technology to increase the efficiency of your marine structures
– Case studies on retrofitting, expanding and upgrading your ports in cost-effective ways

More info

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