Author: Importer

HHI has been involved in a high-profile newbuilding contract with Concordia Maritime, a public tanker company of the Swedish-based Stena organisation, which involved building two innovative 315,000 dwt VLCC at its Ulsan…

Towards the end of June, HHI was reported to have secured a six LNG carrier newbuildings order worth over $1bn. Two ships were contracted by Fredriksen-controlled Golar LNG of Norway and four…

Hyundai Heavy Industries, has launched its first own-designed new engine under the brand name of Himsen. The result of a ten-year $31m R&D programme, the first batch of the new compact class…

Samsung Heavy Industries is currently sitting on the highest value backlog of orders in its history. The $5.5 billion backlog consists of 90 ships, which will provide the Koje-based yard`s 6,400 labour…

SHI has received a $308 million order from SK Shipping, the domestic tanker and bulk carrier owner, to build four VLCCs. The contract includes an option for a fifth vessel. The Malacca-Max…

Samsung is working on a LNG carrier design fitted with two podded propulsion units. Not much is known about the technical aspects of this design but presumably it would involve the use…

In September, SHI held a christening ceremony for a 6,200 TEU container vessel ordered by NYK of Japan. The boxship, which was named NYK Lodestar, is 300m long, 40m wide, has a…

Located in Okpo Bay on Koje Island, off the south eastern tip of the Korean Peninsula, Daewoo Shipbuilding & Marine Engineering (DSME) has built 174 oil tankers up to September 2000 including…

In September, Daewoo secured an order for two 300,000 dwt VLCCs plus two on option from Hong Kong-based World-Wide Shipping worth an estimated $300 million. The vessels are due to be delivered…

Growth has propelled South Korea to the top of the world?s shipbuilding league. Its ship builders are currently responsible for building 43% of new ship capacity on order at yards worldwide. This…