More validation is emerging for Wärtsilä’s dual fuel concepts and technology with the signing of orders for a new shuttle tanker concept developed by the world’s largest provider of shuttle tanker services; Teekay, in close cooperation with Wärtsilä.
Samsung Heavy Industries (SHI) has developed an in-house LNG regasification system for LNG-FSRU, claiming that the system is able to minimise corrosion from sea water and reap higher energy effciency.
Qatar Gas Transport Company (Nakilat) has assumed full ship management and operations of a second Q-Max LNG carrier from Shell Trading and Shipping Company (STASCo) as part of planned and phased transition of 25 vessels.
Nordic American Tankers Limited (NAT) has booked three new suezmax tankers at South Korea’s Samsung Heavy Industries (SHI), with deliveries due in the second half of 2018.
Samsung Heavy Industries (SHI) has narrowed its second quarter loss compared to a year earlier amid the shipbuilder’s ongoing cost-cutting measures and restructuring, reports said.
South Korea’s Samsung Heavy Industries (SHI) has voluntarily planned to significantly cut workforce and have executives return part of their salaries, the local media reported.
South Korea’s Samsung Heavy Industries (SHI) has been hit by a massive KRW1.2trn ($1bn) loss in 2015, despite achieving an operating profit in the final quarter.
Samsung Heavy Industries (SHI) has recorded a fall in profit in the third quarter ended 30 September 2015, due mainly to a delay in the construction of offshore facilities and the industry-wide downturn.