KSOE Nets $758m Contract for Offshore Plant

Korea Shipbuilding & Offshore Engineering Co. (KSOE), the shipbuilding holding entity of Hyundai Heavy Industries Group, netted a second offshore facility Brazilian oil company Petrobras in $2 billion sea drilling project, reports Pulse News.

Deal to build FPSO facility

KSOE has procured an 850 billion won ($758.72 million) order from Brazil’s state-owned oil company Petroleo Brasileiro S.A., better known as Petrobras.

The 850 billion won deal is part of a total 2.5 trillion won order to build a...

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Hyundai Samho Bags LPGC Quartet Order Worth $328.7m

Hyundai Samho Heavy Industries Co. has won orders for four LPG carriers worth $328.7 million (KRW 364.4 billion), reports Offshore Energy.

About the order

The orders are spread across two contracts, one with a shipowner from Liberia, and the second one with a shipping partner from Asia. Each company has booked two newbuilds.

As disclosed in a regulatory filing, all four ships are slated for delivery in 2023.

LPG-carriers design

According to Yonhap, the LPG carriers will feature 86,000-cubic-meter...

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KSOE Bags $137m Worth Order

Korea Shipbuilding and Offshore Engineering (KSOE) bagged an order for the construction of two crude oil carriers, says an article published in Ship Technology.

About the contract

As per the agreement, KSOE’s unit Hyundai Samho Heavy Industries (HSHI) will be responsible for the construction of two Suezmax for Sonangol Shipping.

Sonangol Shipping is a unit of Sonangol EP, Angola’s state-controlled oil firm.

In a stock exchange filing, KSOE disclosed that the value of the contract is approximately...

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