SEOUL, June 13 (Korea Bizwire) – South Korean shipyard Samsung Heavy Industries Co. said Thursday a Russian shipyard unilaterally canceled supply contracts worth billions of dollars and it plans to take the case to an international arbitration center. Russia’s Zvezda Shipbuilding Complex recently canceled a combined US$4.2 billion worth of contracts signed in 2019 and [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Thursday it has won an approval in principle for a floating carbon dioxide storage unit (FCSU) from Norwegian accredited registrar and classification society DNV. The floating unit, developed jointly with Malaysia’s MISC Berhad, is 330 meters long and 64 meters wide, [...]
SEOUL, July 17 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday it has bagged a 3.96 trillion-won (US$3.1 billion) order to build 16 container ships for an Asian shipper. The 16,000 twenty-foot equivalent unit (TEU) vessels powered by methanol will be delivered to the undisclosed shipping company in stages by December [...]
SEOUL, June 8 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a liquefied carbon dioxide (LCO2) carrier from a local certification agency. The AIP from the Korean Register (KR) means that Samsung Heavy Industries’ conceptual design of the [...]
SEOUL, May 3 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. has successfully developed a new floating liquefied natural gas (FLNG) facility model with shorter delivery times. The company announced on Tuesday it obtained a certification for its FLNG facility model from DNV, a Norwegian ship quality assurance and risk management company, at [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday a total of 41 Indonesian welders have arrived here to work at its shipyard on the southern coast. The Indonesians, who arrived Saturday, mark the single largest batch of foreign workers to come to South Korea since the government eased [...]
SEOUL, Dec. 19 (Korea Bizwire) — Samsung Heavy Industries Co. announced that it has developed a blockchain-based cyber security solution to strengthen digital information security for autonomous ships for the first time in the shipbuilding industry. This technology sends the data created by the shipbuilder’s remote autonomous navigation system known as Samsung Autonomous Ship, or [...]
SEOUL, Oct. 26 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) called on Samsung Heavy Industries Co. on Wednesday to fulfill due corporate responsibility to better ensure worksite safety following a deadly crane accident in 2017. In May 2017, two cranes collided at the shipbuilder’s shipyard in the [...]
SEOUL, June 22 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Wednesday it has clinched a 3.9 trillion-won (US$3 billion) order to build 14 liquefied natural gas (LNG) carriers in the Bermudas and Africa. Samsung Heavy said it will construct 12 174,000-cubic-meter LNG carriers worth 3.33 trillion won for an unidentified Bermudan [...]
SEOUL, April 8 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Thursday that it had signed a memorandum of understanding with Danish startup Seaborg Technologies to develop floating nuclear power plants. The two parties intend to develop a floating nuclear power plant on the basis of compact molten salt reactor (CMSR), a [...]