Search results for: Daewoo Shipbuilding and Marine Engineering (DSME)

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  • 27 April 2017
    Business & Finance

    South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has managed to return to the black in the first quarter of 2017, following stringent self-rescue efforts which included workforce reduction and asset sales. The company’s operating profit for the period bounced back to KRW 291.8 billion compared to an operating loss of KRW 38.1 billion. A similar turnaround […]

  • 27 March 2018
    Business & Finance

    Hyundai Merchant Marine has secured USD 420 million to finance construction of five very large crude carriers.

  • 28 April 2017

    Flex LNG, the shipping company controlled by billionaire John Fredriksen, said it is considering to buy two MEGI LNG carriers from the company’s largest shareholder, Geveran Trading’s affiliates.

  • 6 January 2017

    Oak Spirit, a liquefied natural gas (LNG) carrier, delivered the first cargo produced in the contiguous United States (US LNG) to Joetsu LNG Terminal of Chubu Electric Power Company in Japan on January 6, 2017. Jera, a joint venture created by Japan-based electric companies Tepco and Chubu Electric power, and the Houston-based LNG provider Cheniere Marketing […]

  • 12 February 2017

    Total CEO says first Yamal LNG cargo expected by October Total Chief Executive Patrick Pouyanne said on Thursday that the first shipment from the $27 billion Yamal LNG project it is developing in Russia with Novatek could be sent before October this year. Excelerate lines up seven FSRUs at DSME Excelerate Energy executed a letter […]

  • 15 January 2018

    The United States Coast Guard medevaced a 31-year-old crew member of the Barcelona Knutsen liquefied natural gas (LNG) carrier some 13 miles south of Oahu, Hawaii, while on its way to Japan.

  • 18 November 2019

    The ship is currently en route to Sabetta for its golden voyage.

  • 29 July 2015
    Business & Finance

    South Korean shipbuilding giants Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) suffered extensive losses in the second quarter of 2015 amid dwindling appetite of owners to order new ships. The world’s largest shipbuilder Hyundai Heavy Industries reported a net loss of KRW 242 billion (USD 209 million) in the second […]

  • 10 February 2014
    Equipment, Project & Tenders

    BAE Systems has completed its largest-ever Australian export shipment, delivering eight telecommunications sub-systems to Daewoo Shipbuilding and Marine Engineering (DSME) in Korea. The sub-systems will be integrated into the major offshore gas processing platform being built by DSME for the Chevron-operated Wheatstone Project. Fifteen BAE Systems employees worked on the project, manufacturing the sub-systems at BAE […]

  • 9 December 2018

    Tokyo Gas, First Gen Corp in Philippines LNG JV Japanese utility Tokyo Gas signed a joint development agreement with First Gen Corporation regarding the construction and operation of an LNG receiving terminal in the Philippines. Shell still expects to launch Prelude FLNG production this year Shell’s giant Prelude floating liquefied natural gas (FLNG) facility located offshore […]

  • 27 January 2017
    Business & Finance

    Bermuda-based owner and operator of liquefied natural gas (LNG) carriers Teekay LNG Partners revealed that its first icebreaker LNG newbuilding was launched in South Korea on January 21, 2017. The vessel, Eduard Toll, is Teekay’s first of six 172,000 cubic meter ARC7 LNG carriers to be constructed for the Yamal LNG project located on the Yamal Peninsula in Northern Russia. The […]

  • 22 March 2020

    Golar Power to build LNG terminal in Port of Suape Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners, signed a protocol of intentions with the Pernambuco government to develop an LNG import terminal in the Port of Suape, in the northeast of Brazil. COVID-19 effects delay TechnipFMC split LNG engineer TechnipFMC […]

  • 8 July 2019
    Business & Finance

    MSC took delivery of the first 23,000 TEU vessel three weeks ahead of schedule.

  • 16 May 2012
    Business & Finance

    The Siemens Drive Technologies Division has been awarded a contract worth tens of millions of Euros from Daewoo Shipbuilding and Marine Engineering (DSME) to implement eco-friendly propulsion and power generation system in container ships which will comprehensively reduce transit costs and provide in achieving the best operational CO2 Index in accordance with the International Maritime […]

  • 17 June 2016
    Business & Finance

    Russia’s largest shipping company SCF Group (PAO Sovcomflot) and its compatriot VTB Bank signed a USD 260 million loan agreement to finance the construction of an Arctic LNG tanker for the Yamal LNG project. The new tanker will be able to carry up to 172,600 cubic metres of liquefied natural gas (LNG) and has an ARC7 enhanced ice class, enabling […]

  • 3 January 2018
    Business & Finance

    South Korea’s Big Three shipbuilders bullish on their orderbook expectations for 2018.

  • 4 September 2015
    Business & Finance

    Unionized workers of the South Korean shipbuilding giant Hyundai Heavy Industries (HHI) staged a partial strike today urging for wage increases and better working conditions, Yonhap news agency informed. The walkout started at 8 a.m. and lasted until around noon. The protest follows a three-hour work stoppage at the company’s headquarters in Ulsan on August 26 when around 3,500 […]

  • 2 August 2015
    Business & Finance

    Egypt Says New Suez Canal Ready for Business New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority chairman Mohab Mameesh…. Read more Korean Big Three Hit Hard in Q2 South Korean shipbuilding giants Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy […]

  • 23 May 2016
    Business & Finance

    In its latest attempt to fight liquidity woes, the financially-troubled South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) decided to sell its Seoul headquarters building for a price of KRW 180 billion (USD 152 million). The company entered into a leaseback agreement with Koramco REITs Management & Trust Co., under which the office would […]

  • 5 January 2014
    Business & Finance

    1. VARD to Design and Construct Diving Support Vessel for Harkand Vard Holdings Limited announced that it has secured a contract with a new customer, Harkand Group, for the design and construction of one Diving Support and Construction Vessel. 2. Offshore Wind Developers Search for ‘Jones Act’ Solution (USA) As American offshore wind industry readies […]

  • 25 January 2019
    Business & Finance

    BW LNG, BW Group’s LNG shipping company, has splashed its third MEGI LNG carrier.

  • 8 June 2016

    South Korea is launching a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks intended for the country’s ailing shipbuilding and shipping industries, the government announced on Wednesday. The banks being targeted by the fund are Korea Development Bank (KDB) and the Export-Import Bank of Korea (KEXIM), which are hit the most by unprofitable […]