Samsung Heavy receives order to build three shuttle tankers

Mar 12 2020

Samsung Heavy Industries disclosed in a regulatory filing that it had won a contract to build three Suezmax shuttle tankers with an Asian ship owner on February 28, equivalent to USD 300 million (KRW 361 billion).

These ships will be delivered by July 2022.

In 1995, SHI became the first Korean shipbuilder to construct a shuttle tanker. It currently boasts the largest market share in the world of 45%, having clinched orders for 64 out of 143 shuttle tankers placed to date.

"In order to solidify our market dominance, we will help ship owners further reduce operating expenses for ships with new smart technologies and make use of eco-friendly solutions for keeping pace with stricter regulations," said an official of SHI.

Meanwhile, SHI set this year's order target at $ 8.4 billion, which is 18% up from $ 7.1 billion it achieved last year.

Russian-chartered oil tanker pictured leaving Harland & Wolff shipyard

(Mar 10 2022)

A huge Russian-chartered oil tanker that was docked at Harland & Wolff’s shipyard for repairs was pictured being towed away. The Eduard Toll was being worked on at the shipyard after it arrived in Belfast before the beginning of Russia's invasion of ...

International Maritime Industries and CSM expand collaboration with new agreement

(Feb 22 2022)

International Maritime Industries (IMI), the largest shipyard in the MENA region, and Columbia Shipmanagement (CSM) have expanded their partnership by signing a Memorandum of Agreement that will boost Saudi Arabia’s capabilities in shipbuilding, ship...

Technical design study on conversion launched

(Feb 10 2022)

Concordia Maritime is evaluating the feasibility of vessel conversion.

ABS AIP for K Shipbuilding’s Methanol-Ready Design

(Dec 16 2021)

A methanol fuel-ready medium range tanker design by K Shipbuilding has received Approval in Principle (AIP) from ABS.

ABS approves 3D-printed spare parts after successful testing on oil tanker

(Nov 25 2021)

ABS, ConocoPhillips Polar Tankers, Sembcorp Marine Ltd and 3D Metalforge have taken a significant and tangible step to make additive manufacturing (AM) - also known as 3D printing - a reality in the marine industry through a joint development project...