Shipbuilding News

 

Eneti Orders $330M Wind Turbine Installation Vessel. Eyes U.S. Offshore Wind Market, Too

May 12, 2021

Offshore wind installation company Eneti Inc, until recently known as Scorpio Bulkers, has entered into a binding agreement for the construction of one Wind Turbine Installation Vessel. The vessel will be built by South Korea's Daewoo Shipbuilding and Marine Engineering.The company also said it was in talks to build another offshore wind installation vessel for the U.S. offshore wind market.As for the first vessel…

Korea Shipbuilding & Offshore Engineering Confirms $764,5M FPSO Hull Order

May 11, 2021

Korea Shipbuilding & Offshore Engineering has through its subsidiary Hyundai Heavy Industries secured a ~$764,5 million order for the construction of an FPSO Hull.In a stock exchange filing on Tuesday, KSOE said it had secured a KRW 854,7 billion…

Hyundai Heavy Industries Applies for IPO Approval

May 06, 2021

South Korean shipbuilder Hyundai Heavy Industries Co Ltd applied for preliminary approval for an initial public offering, Korea Exchange said on Thursday.The company, currently wholly owned by Korea Shipbuilding & Offshore Engineering, was separated from Korea Shipbuilding in 2019…

Ship Recycling: Ship Scrap Prices Soar to Nearly $500/ton During the Pandemic

Apr 15, 2021

Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland…

Sangomar FPSO Construction Starts in China

Apr 05, 2021

The conversion of a VLCC into an FPSO bound for Woodside's Sangomar project in Senegal has recently kicked off in China, the Australian oil firm said in a recent report.The 323 meters-long very large crude carrier (VLCC) Astipal in February arrived in China…

Shipbuilding: ASRY Receives ASME Accreditation

Apr 05, 2021

The New Construction & Engineering Department of ASRY received ASME Accreditation which allows ASRY to manufacture and repair Coded Pressure Vessels.ASRY attained this accreditation after an extensive review of the company's Quality Assurance Systems…

Awind Orders Two CSOVs from China Merchants Industry

Mar 11, 2021

Norwegian-based Awind said it has ordered a pair of hybrid-electric commissioning, service and operations vessels (CSOV) from China Merchants Industry in Hong Kong, with options for up to four additional vessels.Awind, a subsidiary of Awilco affiliate Integrated Wind Solutions AS (IWS)…

Altera Takes Sixth E-shuttle Tanker from Samsung

Mar 08, 2021

Altera Infrastructure recently took delivery of its newest E-shuttle tanker Altera Wind from South Korean shipbuilder Samsung Heavy Industries.The 103,000 deadweight tonne newbuild is the sixth and final in the series of DP2 shuttle tankers…

VIDEO: Wärtsilä’s Compact Reliq Aims to Optimize BOG Reliquification

Mar 01, 2021

As the maritime industry steams toward decarbonization, the path to zero emissions will include many stepping stones. Wärtsilä’s Compact Reliq is a step change in efficiently reliquefying boil off gas (BOG) on LNG carriers, as Lasse Wichstrøm…

Specialist Offshore Wind Installation Ship Launched in China

Mar 01, 2021

Norwegian owner Offshore Heavy Transports (OHT) said its newbuild vessel Alfa Lift has been floated-out from its drydock at China Merchants Heavy Industry (CMHI) shipyard in Jiangsu, China. The semisubmersible heavy installation vessel, which…

MARKET: Why Don’t OSVs Get Scrapped?

Mar 01, 2021

The OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown, Associate Director – Offshore, Maritime Strategies InternationalThere is a consensus that an OSV market recovery will only be driven a supply side rationalization…

Samsung Heavy Settles Brazil Graft Investigation for $149M

Feb 23, 2021

South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday.On its website, the…

Cable Layer Leonardo da Vinci Due to Enter Fleet in 2021

Feb 22, 2021

Prysmian will entrust Sea World Management SAM with the management of the new high-tech flagship that will enter service in the second half of the year.Dubbed Leonardo da Vinci, the cable-laying vessel being built by the Vard shipyard in Brattvåg…

Market Report: FPSOs ... Charting the Path Ahead

Feb 15, 2021

COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account…

Orange Marine Orders Cable Repair Vessel

Feb 12, 2021

French submarine cables services company Orange Marine has ordered a new cable repair vessel for delivery in 2023.The specialized newbuild was designed by VARD in Norway and will be built at Sri Lankan shipyard Colombo Dockyard. The 1,800 dwt vessel is 100 meters long with a beam of 18…

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Diamond Offshore's New CEO to Earn $700k + Bonuses

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