Category archives for: Shipbuilding News

Samsung Heavy Venturing Overseas

Samsung Heavy Venturing Overseas

South Korea’s Samsung Heavy Industries Co. (SHI) has revealed plans to spread overseas by establishing the first facility abroad in an effort to revive production following the merger of Samsung’s shipbuilding and engineering units.  Bloomberg reports that SHI is ready to invest around USD 950 million in the overseas shipbuilding facility by 2017, according to SHI’s […]

Image of the Day: White Sail Hospital

Image of the Day: White Sail Hospital

The image depicts what is envisaged to be the most pleasant hospital in the world, dubbed the White Sails Hospital & Spa. The medical facility, designed by Russian architect Vasily Klyukin, is planned to be built in Tunisia Economic City (TEC). A mammoth, ship-shaped structure would span across the site, with four towering ‘sails’ accommodating […]

Former Hudong-Zhonghua Head Charged for Bribe

Former Hudong-Zhonghua Head Charged for Bribe

The former board chairman of China’s state-owned Hudong-Zhonghua Shipyard, Gu Tiquan, has been charged for taking bribe by the state’s Supreme People’s Procuratorate. Gu Tiquan was arrested in May  under suspicion of having committed “serious violations”. The charges form part of a comprehensive corruption investigation that has resulted in prosecution of several officials, formerly employed […]

Mitsubishi Heavy’s Regular Returns

Mitsubishi Heavy’s Regular Returns

Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The LPG carrier on order is identical to vessels ordered from MHI by Astomos Energy late in 2013, and again in spring 2014. The carrier will offer flexibility to accommodate major LPG terminals around the globe, […]

One More for Dorian

One More for Dorian

New York Stock Exchange-listed Dorian LPG Ltd., an owner and operator of Very Large Gas Carriers (VLGCs), has taken delivery of the ECO VLGC “Corsair” from Hyundai Heavy Industries. The “Corsair” will initially trade in the spot market and is the second newbuilding to be delivered to the company this year. Dorian LPG currently owns and operates […]

Nam Cheong Beefs Up Portfolio

Nam Cheong Beefs Up Portfolio

Singapore Main Board-listed Nam Cheong Limited  has sold one 5,150 bhp Anchor Handling Towing Supply Vessel (AHTS) to Norway’s Vega Offshore Group, and two 6,500 bhp AHTS; one  to Dutch Vroon B.V., and the other to an unnamed ”repeat customer” in Asia. The company says that these three contract wins worth approximately USD 41 million came on the back […]

Navig8 Grabs Eco Tanker Couple

Navig8 Grabs Eco Tanker Couple

Navig8 Chemical Tankers Inc. has signed resale purchase agreements with an unnamed agribusiness group to purchase two  ECO 49,000 dwt chemical tankers currently under construction at Hyundai Vinashin Shipyard Co. Ltd. The tankers were originally ordered by the agribusiness group, speculated to be Wilmar, and are scheduled for delivery in Q1 2015. Navig8 has the option […]

Scorpio Tankers Forges Ahead with Fleet Expansion

Scorpio Tankers Forges Ahead with Fleet Expansion

Monaco-based tanker owner Scorpio Tankers Inc has taken delivery of four newbuilding vessels and agreed to time charter-in an LR2 product tanker that is currently under construction in South Korea, the company said. The following vessels have joined Scorpio’s tanker fleet: STI Orchard, an LR2 product tanker, was delivered from Daewoo Shipbuilding and Marine Engineering […]

Siem Industries Takes Over FSG Shipyard

Siem Industries Takes Over FSG Shipyard

The German Shipyard Flensburger Schiffbau-Gesellschaft (FSG) has found a new owner. The Norwegian controlled Siem Industries will take over command of the shipyard, including all its employees. Peter Sierk and Frank Bywater, the two Managing Directors of FSG, welcomed these recent developments. “We are very glad about the new perspectives that open up, as a consequence […]

Petronas FLNG Step Closer to Completion

Petronas FLNG Step Closer to Completion

Malaysia’s Petroliam Nasional Bhd (Petronas) started lifting of the first topside module for floating liquefied natural gas (PFLNG1) facility at the Quayside of Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea, on September 22. The topside module lifting marks the near completion of the PFLNG1, which will be the world’s first floating LNG facility […]

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