Page 66 - Offshore Engineering News Today

South Korean shipbuilder Hyundai Samho Heavy Industries Co. has won orders for four LPG carriers worth $328.7 million (KRW 364.4 billion).

29 Apr 2021 (Last Updated April 29th, 2021 12:24) South Korea plans to invest nearly $33m (KRW36.4bn) to build a testbed for accelerating the development of green vessels. Share Article The vessel’s engine will be detachable, which will reduce the costs of building distinct vessels for different fuel models. Credit: Valentin Schönpos from Pixabay. South Korea plans to invest nearly $33m (KRW36.4bn) to build a testbed for accelerating the develo...

Korean shipping, shipbuilding stocks rally ahead of earnings release Shares of South Korean sea carriers and shipbuilders are flying high on expectations for stellar performance this year ahead of their earnings release for the first quarter. HMM Co., the country’s largest shipper, saw its shares surge 9.71 percent to 36,150 won ($32.54) on Monday. Its share price more than doubled from 13,950 won at the end of last year. Shares of HMM added 1.8 percent to finish Tuesday at 36,800 won. The st...

KSOE secures order worth $137m for Suezmax vessels 26 Apr 2021 (Last Updated April 26th, 2021 09:35) Korea Shipbuilding and Offshore Engineering (KSOE) has received an order for the construction of two crude oil carriers. Share Article In a stock exchange filing, KSOE disclosed that the value of the contract is approximately $137m (KRW153.1bn). Credit: Holger Schué from Pixabay. Korea Shipbuilding and Offshore Engineering (KSOE) has received an o...

By Nam Kwang-sik SEOUL, April 23 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Friday that it has signed a 153 billion-won (US$136.7 million) deal to build two crude oil carriers. The deal signed with Angolas state-run oil company Sonangol calls for Hyundai Samho Heavy Industries Co., a unit of KSOE, to deliver two 158,000-ton crude oil carriers from the first half of 2023, KSOE said. KSOE has three shipbuilding units -- Hyundai Heavy Industries Co., Hyundai Samho H...

Euronav behind order for LNG-ready VLCC duo at KSOE April 22, 2021, by Naida Hakirevic Belgium’s tanker shipping company Euronav NV has confirmed that it signed contracts for the construction of two very large crude carriers (VLCCs) with South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI). The deal was unveiled on 19 April by Korea Shipbuilding & Offshore Engineering (KSOE), a parent company of HSHI. Related Article Posted: 2 da...

Shipbuilding boom creates positive effects for steel industry Posted : 2021-04-22 09:13 By Kim Hyun-bin Marine transportation, shipbuilding and the steel industry have all been thriving as of late, backed by signs of an economic recovery. The increase in transportation via the sea ― due to increased demand for supplies such as electronics and household goods during the pandemic ― has created a virtuous cycle, with a surge in demand for shipbuilding as well as for steel. Local shipbuilders...

Korean names eye $4.6 bn FPSO deal from Petrobas, offshore may add to shipbuilding boon Korean shipyards enjoying a new heyday from revived commerce and oil activity have their hopes up for another windfall from offshore drilling facilities after years of inactivity. Korea Shipbuilding & Offshore Engineering Co. (KSOE) and Daewoo Shipbuilding & Marine Engineering Co. (DSME) are said to be bidding for a $4.6 billion worth order from Brazil’s state-owned oil and gas company Petroleo Brasileiro ...

KSOE secures deal for VLCC pair April 20, 2021, by Naida Hakirevic South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering Co. (KSOE) started the week with a new order for two very large crude carriers (VLCCs). Illustration. Photo: KSOE On 19 April, KSOE said in a stock exchange filing that it won a KRW 207.9 billion (about $187 million) deal to build the tanker pair. The contract also includes an option for one identical vessel, ...

KSOE wins order for LNG carrier trio April 16, 2021, by Naida Hakirevic South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. (KSOE) is enjoying a continued ship ordering spree as it won another contract for three liquefied natural gas (LNG) carriers. The new contract is worth KRW 636.4 billion (about $570.9 million), KSOE said in a stock exchange filing on 16 April 2021. As informed, the LNG carrier trio will be built by H...