Korea Shipbuilding & Offshore Engineering (KSOE) announced on May 11 that it has signed a 2.5-trillion-won contract to build one floating production storage and offloading (FPSO) unit for Petrobras, Brazil. The Korean shipbuilder will carry out the project together with Keppel Shipyard of...
https://www.hellenicshippingnews.com/ksoe-lands-a-2-5-tril-won-fpso-project-from-brazils-petrobras/
Damen Marine Components (DMC) is making a special contribution to the innovative inland waterway tanker that is being built for BASF and Stolt Tankers. This shallow water tanker will be equipped with three manoeuvring systems and a total of seven rudders, which is unique in the industry. The tanker has a lightweight shallow water design, …
The post Damen Marine Components: Flex Tunnels, Three Nozzles And Three Manoeuvring Systems With Seven Rudders For New Tanker For Stolt And BASF first...
Non-major South Korean shipbuilders are failing to improve their business conditions unlike the top three. At present, approximately 50,000 ships are estimated to be in operation worldwide and very large ships the top three are concentrating on make up less than 10 percent of the ships. It is...
Keppel Offshore & Marine (Keppel O&M)’s wholly owned subsidiary, Keppel Shipyard, has secured a contract, on the basis of an international tender, from Brazil’s National Oil Company, Petroleo Brasileiro S.A (Petrobras), for the turnkey delivery of P-78, a Floating Production, Storage and Offloading vessel (FPSO). Scheduled for completion in late 2024, the FPSO will be …
The post Keppel Offshore & Marine awarded US$2.3b contract to build FPSO for Petrobras first appeared on Hellenic Shipping News...
South Korea’s Hyundai shipbuilding group will lead a joint project to produce green hydrogen using electricity generated by a major floating wind farm complex that will be built off the southeastern port city of Ulsan with full government support. The shipbuilding group said that its affiliates...
Samsung Heavy Industries Co.’s net loss expanded to 535.9 billion won in the first quarter from a net loss of 227 billion won a year ago due to the COVID-19 pandemic and a surge in prices of steel plates. The shipbuilder’s operating loss for the quarter was at 506.8 billion won, narrowing from an...
https://www.hellenicshippingnews.com/samsung-heavy-expands-net-loss-in-q1-by-308-billion-won/
South Korean shipyards who have been sweeping this year’s global sea carrier and facility orders are going after another mega deal from Brazilian oil company Petrobras for offshore plant construction. According to shipbuilding industry sources and foreign media reports on Wednesday, Korean names including Korea Shipbuilding & Offshore Engineering Co. (KSOE) and Daewoo Shipbuilding & …
The post Korean shipyards tapping another multibillion-dollar Petrobras offshore order first appeared on Hellenic...
China’s shipbuilding industry saw a strong performance in the first quarter of the year while maintaining a large global share in terms of completion volume, and new and holding orders, official data shows. The completion volume of shipbuilding in China, rising 39.8 percent year on year to 9.79...
https://www.hellenicshippingnews.com/chinas-shipbuilding-industry-registers-robust-growth-in-q1/
The best is yet to come for Yangzijiang Shipbuilding, analysts say as they anticipate stronger prospects after its “better-than-expected” profits. For the 1QFY2021 ended March, the shipbuilder’s earnings came in at RMB761.7 million ($156.8 million) up 89% y-o-y, thanks to the construction of more containerships and large-sized vessels as well as improved charter margins that …
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South Korean shipbuilders are leading the race for liquefied petroleum gas carriers as they have secured over 70 percent of shipbuilding orders this year so far, new data has revealed. According to shipping and offshore data researcher Clarksons Research on Sunday, a total of 44 LPG-fueled vessels...
https://www.hellenicshippingnews.com/korean-shipbuilders-account-for-over-70-of-lpg-carrier-orders/