SEOUL, Oct. 31 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Thursday it has received a liquefied natural gas (LNG) ship order for 358 billion won (US$259 million). Samsung Heavy will build the LNG carrier for an unidentified shipper in Asia by June 2027, the company said in a [...]
SEOUL, Oct. 1 (Korea Bizwire) – Samsung Heavy Industries, a major South Korean shipbuilder, announced on September 30 that it will implement 3D digital production blueprints for all shipbuilding operations starting in October, marking a significant leap in the industry’s digital transformation. This move will eliminate the need for traditional production blueprints and inspection documents used [...]
SEOUL, May 7 (Korea Bizwire) – Korea Post, which operates under the Ministry of Science and ICT, will collaborate with Samsung Heavy Industries’ Geoje shipyard until the end of the year to help foreign workers in the shipbuilding industry adjust to life in South Korea, the agency announced on May 6. The postal service will provide [...]
SEOUL, Jan. 18 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Thursday it has received a 315 billion-won (US$235 million) order to build two gas carriers in the Oceania region. The two very large gas carriers (VLACs) will be delivered to an unidentified shipper in the Oceania region by [...]
SEOUL, Jan. 2 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-biggest shipbuilder by orders, said Tuesday it has received a US$1.5 billion order to build a floating liquefied natural gas (FLNG) facility in North America. Samsung Heavy formed a consortium with U.S. engineering company Black & Veatch to sign an engineering, procurement and [...]
SEOUL, Dec. 26 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-biggest shipbuilder by orders, said Tuesday it has received a 310.8 billion-won (US$240 million) order to build two very large ammonia carriers for a shipper in Oceania. The order calls for Samsung Heavy to deliver the ammonia carriers to an unidentified shipper in [...]
SEOUL, March 7 (Korea Bizwire) — South Korean shipbuilders beat their global rivals in February ship orders, bagging more than half of all orders placed, data by Clarkson Research Services showed Wednesday. Local shipbuilders received orders to build 17 vessels in total, accounting for 52.3 percent of overall ship orders placed globally, the research firm [...]
SEOUL, Oct. 16 (Korea Bizwire) – Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries, the top shipbuilders in the country, are struggling from lack of work caused by falling demand for new vessels. According to recent industry data, however, that could change in the not-too-distant future thanks to a projected rise [...]
SEOUL, Sept. 21 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, said Thursday that it has clinched a 927 billion won (US$818 million) deal to build five container vessels. In a regulatory filing, Daewoo Shipbuilding said it will deliver the vessels by March 15, 2020. The shipbuilder did not reveal [...]
SEOUL, Jul. 24 (Korea Bizwire) – South Korea’s major shipyards, led by Hyundai Heavy Industries Co., are projected to have racked up solid profit during the second quarter of the year, aided by the increased delivery of ships, cost-cutting measures and a rise in new orders, industry sources said Monday. According to the data compiled [...]