Samsung Heavy Industries News


Samsung Heavy Industries Builds Smart Ship On AWS Platform

Aug 12, 2018

Amazon Web Services (AWS), an Amazon.com company, announced that Samsung Heavy Industries (SHI) selected AWS as its preferred cloud provider to support its digital transformation.Samsung Heavy Industries is turning to AWS’s expansive infrastructure…

Teekay Offshore Orders two LNG-fueled Aframax at Samsung Heavy Industries

Aug 02, 2018

Teekay Offshore GP entered into shipbuilding contracts to construct two LNG-fueled Aframax DP2 shuttle tanker newbuildings from Samsung Heavy Industries for delivery in late-2020 and early-2021, bringing the Partnership’s orderbook to six shuttle tankers…

Samsung Heavy Industries Post Quarterly Loss

Jul 23, 2018

Seoul-listed South Korean shipbuilder Samsung Heavy Industries (SHI) sunk into the red in the second quarter, on increased costs and one-off losses.SHI said in a regulatory filing that it posted a net loss of 142.7 billion won ($126 million) in the second quarter…

Ocean Rig Postpones SHI Drillship Delivery Till 2020

Jul 01, 2018

International offshore drilling contractor Ocean Rig UDW Inc. and South Korean yard Samsung Heavy Industries (SHI) have agreed to postpone the delivery of the newbuild drillship Ocean Rig Crete to September 2020.'Our subsidiary, that is party…

Hyundai Merchant Marine Selects 3 Yards to Build Eco-Friendly Mega Containerships

Jun 04, 2018

South Korea's Hyundai Merchant Marine (HMM) has selected the shipbuilders who will build the eco-friendly mega containerships it is to order under its 'Capacity of 1 Million TEU Strategy.' Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10…

GasLog Sets Charter Deal with Centrica, Orders New LNG Vessel

May 30, 2018

Monaco-based LNG shipper GasLog signed a seven-year charter deal with the UK-based energy company Centrica for a newbuild LNG carrier it has ordered at the South Korean shipbuilder Samsung Heavy Industries.  A 180,000 cubic meter LNG carrier…

SHI Bags a 180K LNGC Investment with an Option

Apr 06, 2018

Samsung Heavy Industries(SHI) revealed on March 5, 2018 that one 180K ㎥ LNG carrier newbuilding has been approved by the board of an overseas owner. The contract, is subject to agreement on the shipbuilding contract terms, which are scheduled to be agreed by March 9…

Samsung Heavy Industries Wins a LNGC Duo for USD 370 mln

Apr 06, 2018

Samsung Heavy Industries(SHI) revealed on April 4th that a contract for two 174,000㎥ LNG carriers on BOD approval term.  The price is 184 million USD per vessel(around KRW 195 billion). The latest LNGCs would be delivered in July and October 2020…

Samsung Heavy Industries Delivers Johan Sverdrup Offshore Platform

Feb 26, 2018

South Korea's Samsung Heavy Industries (SHI)'s Geoje shipyard has completed a riser platform topside for Statoil's giant Johan Sverdrup development offshore Norway.  'SHI successfuly completed the North Sea bound offshore platform within the scheduled delivery date in the original contract…

Samsung Heavy Industries Bags USD 91.47mln Newbuild Order

Feb 08, 2018

Samsung Heavy Industries (SHI) swept 1 trillion KRW (USD 91.47mln) worth orders, including an order from an Asian owner to build eight 12,000TEU containerships for around 820 billion KRW. The neo-panamax vessels are 334m in length and 48…

Samsung Heavy Bags USD 197 Mln LNG Carrier Order

Dec 28, 2017

South Korean shipbuilder Samsung Heavy Industries (SHI) has bagged a KRW 210 billion (USD 195 million) deal, for construction of an liquefied natural gas (LNG) carrier. A report in Business Korea said that SHI will ink the contract with a foreign shipping company by the end of the year…

Samsung Heavy's Profit Down 82%

Nov 07, 2017

South Korean shipbuilder Samsung Heavy Industries (SHI) said that net profit for the third quarter of 2017 was down 81.8% year on year to KRW23.4 billion (USD20.44 million), mainly due to deliveries of low-priced vessels and a decrease in orders…

GTT Bags Samsung Heavy Order for FSRU

Oct 26, 2017

GTT, leading engineering company in containment systems for the shipping and storage in cryogenic conditions of LNG (liquefied natural gas) announces a new order from South Korean shipyard Samsung Heavy Industries (SHI) regarding a Floating Storage and Regasification Unit (FSRU)…

Smart Ships: Inmarsat, Samsung Heavy Industries Partner

Sep 05, 2017

Satellite communications services provider Inmarsat said it has signed a Memorandum of Understanding (MoU) with shipbuilder Samsung Heavy Industries (SHI), establishing a relationship to leverage the ‘smart ship’ connectivity offered by Fleet Xpress at the vessel construction stage…

Korean Shipyards Bag $1.5bln Newbuild Order from MSC

Aug 30, 2017

Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - two major shipyards in South Korea -  are poised to sign a deal worth $1.5 billion to build container ships for Mediterranean Shipping Company (MSC), according to the Financial Times…

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