Page 71 - Offshore Engineering News Today

Korean Shipbuilders Sweep New Orders Worth US$13.9 Bil. in Q4 of 2020 Korean shipbuilders made an impressive comeback in the fourth quarter of 2020 by bagging new orders worth US$13.9 billion. The large order intake represented a dramatic turnaround from the order drought that the shipbuilders had suffered until the end of the third quarter due to the COVID-19 pandemic. The value of the orders booked in the fourth quarter is double the cumulative total of the US$7 billion recorded in the first ...

Chinese Authorities Approve HHI-DSME Marriage China has approved the merger between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering. The marriage between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) has cleared a major hurdle by obtaining unconditional approval from China. Now, it needs to get permits from authorities in Korea, the European Union and Japan. Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding arm of Hyundai Heavy...

LNG Shipbuilders See Influx of Orders as Year Comes to an End Two of Asia’s leading shipbuilders saw an influx of orders for new liquefied natural gas (LNG) carriers this month, capping an otherwise slow year for newbuilds.  Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE) said in a regulatory filing last week that it landed various contracts to build nine LNG carriers. KSOE is scheduled to deliver one vessel to a Panamanian shipping company in 2024, while another two ships will be ...

S. Korea: Shipbuilders see rally as orders swell at year-end Korean shipbuilders have secured a series of lucrative orders for LNG carriers and other vessels this week, casting a rosy outlook on their efforts to meet annual targets. Korea’s top three shipbuilders ― Korea Shipbuilding & Offshore Engineering (KSOE), Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) ― said they have clinched orders worth nearly 5 trillion won ($4.53 billion) in just three days from...

China okays KSOE-DSME merger December 28, 2020, by Naida Hakirevic China’s antitrust authority has reportedly approved the planned merger between South Korean shipbuilding majors, Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding arm of Hyundai Heavy Industries (HHI) Group, and Daewoo Shipbuilding & Marine Engineering (DSME). China’s State Administration for Market Regulation (SAMR) recently informed KSOE that the proposed busine...

Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding affiliate of Hyundai Heavy Industries Group, said on Dec. 22 that it has won an order for three LNG carriers worth 607.2 billion won. On the previous day, the company bagged orders for 10 vessels worth one trillion won, including four 13,200-TEU containerships, two LPG carriers, three ...

24 December 2020 13:11 GMT Updated  24 December 2020 13:16 GMT in  London A flurry of orders in December has boosted the order books of South Korea’s leading offshore and marine contractors, with Samsung Heavy Industries and Korea Shipbuilding & Offshore Engineering (KSOE) together winning 17 vessels reportedly linked to Total’s Mozambique LNG project. KSOE — the parent of Hyundai Heavy Industries — has secured nine liquefied natural gas carriers for its Ulsan yard, while ...

By Nam Hyun-woo Korean shipbuilders have secured a series of lucrative orders for LNG carriers and other vessels this week, casting a rosy outlook on their efforts to meet annual targets. Koreas top three shipbuilders ― Korea Shipbuilding & Offshore Engineering (KSOE), Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) ― said they have clinched orders worth nearly 5 trillion won ($4.53 billion) in just three days from Monday to Wednesday. During the period, KSOE, ...

ONE reveals LoI to charter six 24,000+TEU newbuild behemoths December 24, 2020, by Jasmina Ovcina Ocean Network Express (ONE) has signed a Letter of Intent (LoI) with Shoei Kisen Kaisha, the shipowning arm of Japanese yard Imabari Shipbuilding,  for the 15-year long-term charter of six new 24,000 + TEU Ultra Large Container Ships (ULCS). The new buildings are planned to be built by the consortium of Imabari Shipbuilding and Japan Marine United Co...

Korean shipbuilders report LNG carrier ordering spree December 24, 2020, by Naida Hakirevic In the last few days of December 2020, South Korean shipbuilders are witnessing a surge in liquefied natural gas (LNG) carrier orders. Since 21 December, Samsung Heavy Industries (SHI) secured orders for the construction of eight LNG carriers and Korea Shipbuilding & Offshore Engineering Co. (KSOE) for nine LNG carriers. On 23 December, SHI said it signed a K...