South Korea
SHI taps TMC for compressor deliveries to 12 LNG carriers
South Korean shipbuilding company Samsung Heavy Industries (SHI) has chosen Norway-based supplier TMC Compressors to deliver the marine compressed air system to 12 LNG carriers the shipbuilder is constructing for an undisclosed client. Specifically, TMC is expected to deliver a complete marine compr
HD KSOE secures another order for LPG carrier
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (KSOE) has secured another order for a liquified petroleum gas (LPG) carrier.
KSOE scores big, snaps up orders for 8 new ships and one FPU
South Korean shipbuilding heavyweight HD Korea Shipbuilding & Offshore Engineering Co. has signed orders worth billions of dollars for eight newbuild vessels and one floating production unit (FPU).
Container shipping majors score big as Evergreen, CMA CGM, and Maersk add over 40 orders to the yards
The container shipping market is bustling with activity as container shipping giants Maersk, Evergreen, and CMA CGM collectively place orders for up to staggering 44 containerships, valued at over $5 billion. Evergreen has emerged as the biggest spender with a reported order of twenty-four 16,000 TE
Maersk’s groundbreaking methanol-powered vessel sets sail on sea trials
This week marks a significant milestone for Maersk as its first methanol-powered container vessel undergoes crucial sea trials. The rigorous testing phase will be taking place off the picturesque Korean coast, near Ulsan. The 2,100 TEU container vessel is being built by South Korea’s Hyundai Mipo Do
T&T unites with Korean companies for LNG and hydrogen projects in Vietnam
Vietnam’s T&T Group and Korean companies Korea Gas Corporation (KOGAS) and SK Group have signed and awarded a Memorandum of Understanding (MoU) to cooperate on developing LNG and hydrogen projects in Vietnam. Specifically, T&T Group said that, together with KOGAS, it will work on developing LNG gas
KSOE clinches $187 million deal to build product carrier quartet
South Korean shipbuilding heavyweight HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) has signed a deal to build four product carriers.
Oman sees signing of two new green hydrogen project agreements
Hydrom, a subsidiary of Energy Development Oman SAOC (EDO), has entered two new agreements awarding green hydrogen projects in Oman. The agreements were signed with the winning bidders of round 1 of the Oman green hydrogen auction process during an event organised by Hydrom. This auction process pro
ZIM names new LNG-powered 15,000 TEU containership duo
Israel-based shipowner ZIM Integrated Shipping Services has held a naming ceremony for new 15,000 TEU containership duo which is powered by liquified natural gas (LNG).
Algoma orders methanol-ready product tanker duo at Hyundai Mipo
Canadian shipping company Algoma Central Corporation (Algoma) has placed an order for two methanol-ready 37,000 dwt product tankers with Hyundai Mipo Shipyard in South Korea. The investment is worth $127 million CAD ($96 million). The new ships will be entered on long-term time charters to Irving Oi
Maersk’s 1st methanol-powered feeder gears up for sea trials as keel is laid for 1st larger ship from the series
The world’s first feeder vessel powered by green methanol is nearing construction completion and is getting ready to embark on its sea trials later this month. The 172-meter-long feeder was launched on April 4 at South Korea’s Hyundai Mipo Dockyard and it is being built for Denmark-based industry ma
SHI to set up R&D center in Busan
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has revealed plans to establish a new research and development (R&D) center in Busan as part of its strategy to enhance its marine engineering expertise and design capabilities. The company signed an investment memorandum of understanding (MOU