Hyundai yards, DSME to gain from cheaper oil （2015-07-06）
The collapse in oil prices and the subsequent growth in oil consumption would benefit Hyundai's shipbuilders and Daewoo Shipbuilding & Marine Engineering (DSME) as they construct oil and product tankers, a sector analyst has opined. JP Morgan analyst Lee Sok-je noted that the crude tanker market ral... |
HHI orderbook gets VLCC boost （2015-07-03）
South Korean shipbuilder Hyundai HI (HHI) has won a new order for two VLCCs from Piraeus-based Thenamaris, which will increase its VLCC fleet to five vessels once in service. Both units are scheduled to be delivered in 2017 The Thenamaris newbuilding orderbook has a total capacity of over one millio... |
Bahri exercises option for five VLCCs at Hyundai （2015-07-03）
The National Shipping Company of Saudi Arabia (Bahri) has exercised options for five more very large crude carriers (VLCCs) from Hyundai Samho Heavy Industries (Hyundai Samho HI), more than a month after ordering five similar tankers from the same yard. This means Bahri will now have 10 300,000 dwt ... |
Shell FLNGs ease concerns over offshore vessel ord （2015-07-03）
Clinching three more orders for floating LNG (FLNG) vessels from Royal Dutch Shell has alleviated concerns that Samsung Heavy Industries (SHI) would be the worst hit among South Korea’s big three shipbuilders, a sector analyst has opined. Hyundai Heavy Industries, SHI, and Daewoo Shipbuilding & Mari... |
Samsung HI clinches Statoil platform orders （2015-07-01）
Samsung Heavy Industries (SHI) has clinched orders for Statoil’s Sverdrup Topside project, as analysts predicted. South Korea’s second biggest shipbuilder said in a Korea Exchange filing on 30 June that it has clinched two platforms related to the project. The contract is worth about USD1.05 billion... |
HHI wins CMA CGM ULCS order （2015-06-09）
South Korea’s Hyundai Heavy Industries (HHI) has won a new order for a series of ultra large container ships from French operator CMA CGM. The six 14,000 teu vessels are to be built at Hyundai’s Ulsan facility with deliveries pencilled in from early 2017. The boxships’ main particulars are overall l... |
Thenamaris boosts tanker orders （2015-06-09）
Greek shipowner Thenamaris has boosted its existing orderbook by adding four tanker newbuildings at two Asian shipyards. It has contracted two LR2 products tankers at South Korea's Sungdong Shipbuilding & Marine Engineering, which will follow on from four ships of the same specification ordered last... |
Hyundai Mipo Dockyard far from meeting order targe （2015-06-09）
South Korean mid-tier shipbuilder Hyundai Mipo Dockyard's (HMD's) shares are expected to show weakness as it has a long way to go in meeting its 2015 order target. In a report following a visit to the Ulsan-based yard, Samsung Securities analyst Han Young-soo noted that the Hyundai Heavy Industries ... |
HHI wins Mexican VLGC （2015-06-04）
South Korean shipbuilder Hyundai HI has won a new order for a VLGC from Mexican energy provider Tomza. The 84,000 cbm capacity vessel is booked for delivery in March 2017 and is estimated to have been priced at USD 79 million. It will be built at HHI's Ulsan shipbuilding facility. The same owner con... |
Hyundai Samho clinches VLCCs from Bahri （2015-05-26）
South Korean shipbuilder Hyundai Samho Heavy Industries, a subsidiary of Hyundai Heavy Industries (HHI), has clinched orders for five VLCCs from the National Shipping Company of Saudi Arabia (Bahri). The contract was signed on 21 May, announced Bahri, which added that the contract came with options ... |
Alpha Tankers pens VLCC order （2015-05-22）
Greek shipowner Alpha Tankers and Freighters has placed an order for two VLCCs at South Korean shipbuilder Hyundai HI. HHI has provided Alpha Tankers with relatively early delivery slots of September and November 2016 respectively, with pricing of the 300,000 dwt ships understood to be around USD96 ... |
Twenty Capesizes converted to tankers （2015-05-22）
Twenty Capesize bulker orders have been converted to tankers as of now. This month, South Korean shipowner Dong-A Tanker converted four Capesizes it ordered at Hyundai Samho Heavy Industries in June 2014 to Aframax tankers. The company has since secured timecharter contracts for tankers from Teekay ... |
Maersk comes back to DSME for ULCS order （2015-05-10）
AP Moller-Maersk has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for its latest series of ultra-large container ships (ULCS). The new order calls for an initial six firm 20,000 teu vessels with options for a further four ships being attached to the contract. ... |
Hyundai Mipo Dockyard on course for profit （2015-05-03）
South Korean mid-tier shipbuilder Hyundai Mipo Dockyard (HMD) can look forward to a profitable 2015 as the costs of raw materials decrease, analysts said on 29 April. HMD posted a KRW22.49 billion (USD21 million) profit on 28 April for the first quarter of 2015, reversing a KRW34.87 billion loss for... |
HHI wins Russian FSRU （2015-05-02）
Hyundai HI of South Korea has secured a new order for an LNG FSRU from Gazprom of Russia in a USD295 million deal. The 170,000 cbm capacity vessel will be built at HHI’s Ulsan facility, with the ice-classed ship being booked for delivery in 4Q 2017. On delivery, it will be based at Kalingrad in the ... |
D'Amico firms up LR1 LOI （2015-05-02）
D’Amico International Shipping has firmed up a letter of intent for two long-range product tankers from Hyundai Mipo’s Hyundai-Vinashin shipyard in Vietnam. The 75,000 dwt ships are understood to have been priced at USD44 million per vessel with delivery booked for mid-2017. The contract was placed ... |
HHI's prospects bright despite Q1 loss （2015-04-29）
Hyundai Heavy Industries (HHI) could still turn a profit for 2015 even as restructuring costs resulted in a loss of KRW138.8 billion (USD129 million) in the first quarter. The result was worse than the KRW58.4 billion loss for the first quarter in 2014. Excluding the KRW161 billion in restructuring ... |
DHT reports strong improvement in 1Q15 （2015-04-29）
DHT Holdings, the New York-listed crude oil tanker company managed from Oslo, has reported a strong improvement in result in the first quarter of 2015 (1Q15) on a firmer market and bigger fleet. Group net profit amounted to USD23.2 million in 1Q15 compared with a loss of USD0.5 million in the same p... |
HMD secures d’Amico LR1 LOI （2015-04-27）
South Korean Shipbuilder Hyundai Mipo Dockyard (HMD) has secured a letter of intent (LOI) for an LR1 tanker order from Italian shipowner D’Amico International Shipping. Should the order be confirmed then delivery of the 75,000 dwt eco-vessels is scheduled for the middle of 2017 and they are expected... |
Hapag-Lloyd signs 10,500 teu newbuilding series （2015-04-25）
German container line Hapag-Lloyd plans to bring a new string of 10,500 teu container vessels to the East Coast South America (ECSA) trades by 2017. The Hamburg-based carrier today announced the signing of a newbuilding contract for five such vessels with Korean builder Hyundai Samho Heavy Industrie... |