Daewoo

DSME: First LNG Carrier With New Air Lubrication System

Daewoo Shipbuilding & Marine Engineering successfully built an LNG carrier equipped with an air lubrication system, reports Yonhap News Agency.

It was announced on 18th that it was delivered to the owner.

DSME ALS system

The vessel was a 173,400m3 LNG carrier ordered by Maran Gas Maritime in Greece in June 2016 and was applied by DSME ALS (Air Lubrication System) developed by Daewoo Shipbuilding & Marine Engineering.

The air lubrication system is one of the energy-saving technologies that injects...

http://mfame.guru/dsme-first-lng-carrier-with-new-air-lubrication-system/

HHI issues regulatory application in the EU for DSME merge deal

As Yonhap reports, Hyundai Heavy Industries Group issued an application to the European Union, waiting for approval for its proposed takeover of local Daewoo Shipbuilding and Marine Engineering Co.

Accordingly, the company informed that the submission will be reviewed by anti-trust authorities at the European Commission, expecting the results of their call in 2020.

The shipbuilder has been taking many steps for the long awaited merge, facing many challenges. That is why, the announcement of the...

https://safety4sea.com/hhi-issues-regulatory-application-in-the-eu-for-dsme-merge-deal/

A possible merger between HHI and DSME to boost LNG vessels orderbooks

The merger between Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering is expected to boost the orderbook of LNG vessels, according to Vessels Value. The merger will double the orderbook of HHI from USD 6 billion to more than USD 12 million. In the possibility that the merger is official and finalized, the results will have reverberations in the newbuild market.

Specifically, the LNG area has lured a vast number of interest, following an increase in 2018 and continued...

https://safety4sea.com/a-possible-merger-between-hhi-and-dsme-to-boost-lng-vessels-orderbooks/

Samsung Heavy uninterested in joining the race for Daewoo Shipbuilding takeover

Samsung Heavy Industries Co. is not interested in taking part in the race of purchasing Daewoo Shipbuilding & Marine Engineering Co., as its parent Samsung Group doesn’t wish to expand its shipbuilding business, according to Yonhap. Yet, on January 2019 Hyundai Heavy Industries expressed its interest on buying, the second-placed, Daewoo Shipbuilding and Marine Engineering Co Ltd.

The state-owned Korea Development Bank (KDB) signed an MoU with Hyundai Heavy Industries Co, the world’s largest...

https://safety4sea.com/samsung-heavy-uninterested-in-joining-the-race-for-daewoo-shipbuilding-takeover/

World’s first icebreaker condensate tanker ends voyage through Arctic route

‘Boris Sokolov’, the 214 meter long tanker on January 25 arrived in Murmansk after a 6-week voyage from Nansha, China. The vessel was accompanied by the new LNG carrier ‘Boris Davydov’, which was constructed at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea. Aker Arctic, the Finnish ship design company, reported that the ‘Boris Sokolov’ will be used to transmit gas condensate from Sabetta LNG terminal to European and Asian customers. Also, it could be used as a...

https://safety4sea.com/worlds-first-icebreaker-condensate-tanker-ends-voyage-through-arctic-route/

DSME and HHI surpass 2018’s order target

Hyundai Heavy Industries (HHI) has exceeded its orderbook goal for this year before the year ended. Also, Daewoo Shipbuilding and Marine Engineering (DSME) surpassed its expectations.
  • Hyundai Heavy Industries

Generally, HHI surpassed its goal of USD 13.2 at the beginning of this year, on targeting new orders of USD 13.2 billion worth within 2018 since the shipbuilder reached USD 13.3 billion with the latest USD 53 million deal for two 2,800 tonne frigates with Korea’s Defense Acquisition...

https://safety4sea.com/dsme-and-hhi-surpass-2018s-order-target/

S. Korean shipyards perform well as LNG carrier orders increase

South Korean major shipyards have shown decent performances during 2018, as orders for LNG carriers are increasing. Namely, until now 52 orders for LNG carriers had been made, with Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries leading the way.

Specifically, Daewoo Shipbuilding and Marine Engineering Co. and 13 for Samsung Heavy Industries Co. have made 14 orders concerning LNG carriers. According to Yonhap, the orders that were submitted during...

https://safety4sea.com/s-korean-shipyards-perform-well-as-lng-carrier-orders-increase/

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