Industry

  • Daewoo shipyard wins $162 mln order from Avance Gas to build two LPG carriers
    Daewoo shipyard wins $162 mln order from Avance Gas to build two LPG carriers SEOUL -- Daewoo Shipbuilding & Marine Engineering has won an order worth 190 billion won ($162 million) from Avance Gas headquartered in Bermuda to build two very large liquefied petroleum gas (LPG) carriers with an eco-friendly dual-fuel propulsion system. Daewoo Shipbuilding & Marine Engineering (DSME) said it would deliver the two VLGCs by the first half of 2022. DSME's total orders so far this year reached $6.11 billion. With rising fuel prices and increasi December 17, 2019
  • Samsung shipyard wins $1.5 bln order from Eurasian client to build LNG carrier
    Samsung shipyard wins $1.5 bln order from Eurasian client to build LNG carrier SEOUL -- Samsung Heavy Industries, one of South Korea's three major shipbuilders, has won a $1.5 billion order from an unidentified Eurasian client to build a liquefied natural gas (LNG) carrier. The order helped the shipbuilder achieve 88 percent of this year's target set at $7.8 billion. The conditional contract is due in September 2022, Samsung Heavy said Monday, adding details would not be disclosed under an agreement with the client. "T November 25, 2019
  • Daewoo shipyard delivers first LNG carrier installed with air lubrication system
    Daewoo shipyard delivers first LNG carrier installed with air lubrication system SEOUL -- Daewoo Shipbuilding & Marine Engineering (DSME), a major shipbuilder in South Korea, has delivered a liquefied natural gas (LNG) carrier for a Greek client. It was the first LNG carrier which has been installed with the shipbuilder's air lubrication system that enables energy-saving and emission reduction. DSME said that compared to existing LNG carriers, the new vessel installed with its air lubrication system (ALS) November 18, 2019
  • Daewoo shipyard localizes shaft generator motor for ships
    Daewoo shipyard localizes shaft generator motor for ships SEOUL -- Daewoo Shipbuilding & Marine Engineering (DSME) has localized a shaft generator motor (SGM), which is being used more widely by ships as a clean source of power. It generates power by using the rotational force of the vessel's propulsion engine shaft in operation. DSME said Thursday that it has signed a memorandum of understanding with two co-developers C&A Electric and Hyosung Heavy Industries for commercial pro October 24, 2019
  • Daewoo shipyard wins $373 mln order to build two very large liquefied natural gas carriers
    Daewoo shipyard wins $373 mln order to build two very large liquefied natural gas carriers SEOUL -- Daewoo Shipbuilding & Marine Engineering won an order worth 446.5 billion won ($373.6 million) to build two very large liquefied natural gas carriers for an unnamed client in the Americas. Daewoo Shipbuilding said Friday that the deal called for the construction of eco-friendly vessels installed with natural gas-powered engines and a system that enhances fuel efficiency and reduces pollutant emissions. Details were not g October 11, 2019
  • Samsung shipyard wins $920 mln order from Taiwans Evergreen to build six large container ships
    Samsung shipyard wins $920 mln order from Taiwan's Evergreen to build six large container ships SEOUL -- Samsung Heavy Industries, a shipbuilder in South Korea, has won a $920 million order from Evergreen, a Taiwanese container shipping company, to build six large container ships, the word's largest in terms of twenty-foot equivalent unit (TEU) capacity. Samsung Heavy said in a regulatory filing on Tuesday that it would build 23,000 TEU ships capable of carrying 23,764 containers. The vessels would be 400 meters long, 61.5 meters wide and 33.2 October 8, 2019
  • Samsung shipyard expects market potential with technology for fuel cell crude oil tanker
    Samsung shipyard expects market potential with technology for fuel cell crude oil tanker SEOUL -- As part of efforts to reduce greenhouse emissions from ships, Samsung Heavy Industries, a shipbuilder in South Korea, has developed technology to build the world's first Aframax fuel cell crude oil tanker through cooperation with Bloom Energy, an American producer of solid oxide fuel cells which use natural gas. Samsung Heavy said a fuel cell-powered Aframax crude oil tanker installed with a 3MW generator engine has secured basic acquired ap September 27, 2019
  • Samsung shipyard wins $622 mln order to build 10 gas-fueled crude carriers
    Samsung shipyard wins $622 mln order to build 10 gas-fueled crude carriers SEOUL -- Samsung Heavy Industries, one of South Korea's three largest shipbuilders, has won an order worth 751.3 billion won ($621.9 million) from a client in Oceania to build 10 crude carriers fueled by liquefied natural gas (LNG) that meet new international regulations on sulfur oxide emissions to be enforced on January 1, 2020. Samsung Heavy said in a regulatory filing on Monday that it would deliver 113,000 deadweight ton (DWT) LNG-fueled crude August 19, 2019
  • Samsung Heavy localizes lithium-ion battery system for eco-friendly ships
    Samsung Heavy localizes lithium-ion battery system for eco-friendly ships SEOUL -- Samsung Heavy Industries, one of South Korea's top three shipbuilders, has successfully localized a lithium-ion battery system which Samsung Heavy Industries, one of South Korea's top three shipbuilders, has successfully localized a lithium-ion battery system which can reduce costs and pollutant emissions to meet strengthened environmental regulations. The shipbuilder said Monday that its battery system has won type approval from DNV GL July 29, 2019
  • Hyundai Heavy wins deal to supply emergency power generators for Indias nuclear power plant
    Hyundai Heavy wins deal to supply emergency power generators for India's nuclear power plant SEOUL -- Hyundai Heavy Industries, the world's largest shipbuilder, beat European competitors to clinch a $49 million order to supply emergency power generators for a nuclear power plant in India's Tamil Nadu state. The shipbuilder said Tuesday that it has teamed up with its trading unit, Hyundai Corporation, to supply ten 6.3MW engines for the Kudankulam plant run by Powerica, an Indian private power generation company, by 2022. Emergency power generators July 9, 2019