Hyundai Samho, Rosneft Ink Cooperation Deal on Aframaxes

Image Courtesy: Rosneft

South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) has entered into a technical cooperation agreement with Russia’s oil major Rosneft.

Under the deal, the South Korean company will provide technical support in the design and construction of Aframax class vessels, including those using capable of running on natural gas, at the Zvezda shipyard in Bolshoy Kamen at the XXI Petersburg International Economic Forum.

The legally binding document was signed as a part of the development of the agreement, under which a joint venture Zvezda-Hyundai was established in May 2017 between Shipbuilding Complex Zvezda and HSHI in the field of engineering and project management.

The establishment of JV will enable HSHI, together with the Russian partner, to implement ship construction projects in the new promising segment of the shipbuilding market – the construction of Green Aframax tankers, according to Rosneft.

“Technological partnership with the world’s largest shipbuilding company will allow us to acquire the necessary competencies in the area of engineering support and management of ship construction projects,” Igor Sechin, Rosneft Chief Executive Officer, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >