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The effort is part of SHI’s cloud-based smart ship system SVESSEL.
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Samsung Heavy has successfully built its first LNG-fueled vessels with its own technology.
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South Korea’s shipbuilder Samsung Heavy Industries (SHI) has developed a liquefied natural gas (LNG) regasification system for LNG floating storage regasification units (FSRUs). The system, called S-Regas(GI), utilizes glycol to regasify LNG into gas. It was presented to industry leaders on September 21. As SHI’s latest regasification achievement, following the direct sea water regasification system, S-Regas(GI) […]
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Classification society ABS has awarded approval in principle (AIP) to Samsung Heavy Industries (SHI) for its X-Reli LNG boil-off gas expander, a part of SHI’s expansion re-liquefaction system.
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Samsung Heavy Industries (SHI) has joined forces with Inmarsat under a Memorandum of Understanding (MoU), establishing a relationship to leverage the ‘smart ship’ connectivity offered by Fleet Xpress at the vessel construction stage. Under the deal, the South Korean yard would install Inmarsat-approved terminal hardware and applications to cover remote machinery diagnostics and CCTV services, to […]
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South Korean shipbuilder Samsung Heavy Industries (SHI) is very close to signing a USD 2.5 billion deal to construct a floating liquefied natural gas (FLNG) facility for Italian oil and gas company Eni, Yonhap News Agency cited industry sources. SHI is leading a consortium consisting of French multinational Technip and Japan’s JGC in the project […]
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South Korean shipbuilding major Samsung Heavy Industries (SHI) held a naming ceremony today at its Geoje shipyard for the largest containership built so far, thus breaking global shipbuilding records. The newbuilding is the first of four 20,150 TEU containerships, ordered from Japan’s shipping giant Mitsui O.S.K. Lines (MOL) in February 2015. The four mega ships were ordered as […]
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Samsung Heavy receives an order for the construction of a FPSO unit.
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ABS and SHI collaborate on research for smart shipping solutions.
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Samsung Heavy Industries (SHI) has selected Intergraph SmartMarine 3D for its Offshore division. SHI has been a longtime user of the industry-leading solution, deploying it in full production within its Shipbuilding division, and has now extended the use of SmartMarine 3D for its offshore projects. SHI is headquartered in Korea and it is a global […]
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South Korean shipbuilding major Samsung Heavy Industries (SHI) has joined the recovery drive of its two compatriots, DSME and Hyundai Heavy Industries, having posted a 350.8 percent jump in its operating profit for the first three months of 2017 year-on-year. Specifically, SHI’s operating profit for the quarter reached KRW 27.5 billion (USD 24.20 million) a […]
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Samsung Heavy Industries(SHI) received an order of the worlds highest price vessel. The order was made at the 631 million dollars. SHI received an order of a drill ship at this price from European company. Earlier price record was the drill ship worth of 580 million dollars, which was also received by SHI in July […]
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Samsung Electronics intends to buy more shares of the financially struggling affiliate Samsung Heavy Industries (SHI), adding that the company will not abandon the shipbuilding business, The Korea Times reports. Samsung will take part in SHI’s rights issue as a sign of belief in a positive turnaround after SHI carries out self-restructuring programs. The company did not disclose […]
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South Korean shipbuilder Samsung Heavy Industries (SHI) revealed it has inked a shipbuilding contract for two vessels with an unnamed shipowner. As informed, the contract value is KRW 271 billion (around USD 242 million). The agreement remains conditional and is subject to final approval of the shipowner, according to SHI. SHI didn’t provide any details […]
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South Korea’s Samsung Heavy Industries Co. (SHI) has revealed plans to spread overseas by establishing the first facility abroad in an effort to revive production following the merger of Samsung’s shipbuilding and engineering units. Bloomberg reports that SHI is ready to invest around USD 950 million in the overseas shipbuilding facility by 2017, according to SHI’s […]
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The LNG carrier is scheduled for delivery in late 2020.
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Samsung Heavy Industries (SHI) has selected Intergraph SmartMarine 3D for its Offshore division. SHI has been a longtime user of the industry-leading solution, deploying it in full production within its Shipbuilding division, and has now extended the use of SmartMarine 3D for its offshore projects. SHI is headquartered in Korea and it is a global […]
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MTI Holland announced that Shi Wei has received his doctoral degree on March 3, 2013. Shi Wei’s extensive research focused on the subject of ‘Dynamics of Energy Systems Behaviour and Emissions of Trailing Suction Hopper Dredgers’ and was supervised by his promotor, prof. ir. D. Stapersma. Shi Wei successfully defended his thesis in which he […]
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Samsung Heavy Industries and Zvezda have concluded a contract to design Arctic LNG carriers for the Arctic LNG 2 project.
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Korea-listed shipbuilding major Samsung Heavy Industries (SHI) reported a net profit of KRW 51 billion (USD 45 million) for the third quarter of 2015. According to Bloomberg, Samsung Heavy’s net income more than doubled analysts’ estimates. As reported, SHI’s profit was also attributed to a payment from an undisclosed client who requested changes in an offshore project in […]
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South Korean shipbuilding giant Samsung Heavy Industries has completed the construction of its first LNG-fueled vessels, using its in-house developed technology.
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Samsung Electronics intends to participate in Samsung Heavy’s rights offering by investing KRW 204.06 billion.
