Secretary of the Navy Carlos Del Toro has been meeting with top South Korean shipbuilding executives and making the case for them to create American subsidiaries and invest in integrated U.S. commercial
Back in July, Korean shipbuilder Hanwha Ocean was reportedly among the suitors in a rumored bid to acquire Austal. As we reported at that time, Austal said: “Austal is regularly involved in
Hamburg-headquartered Hapag-Lloyd has signed an order for six 23,500+ TEU container vessels with South Kiorea’s Daewoo Shipbuilding & Marine Engineering. Set for delivery between April and December 2023, the vessels represent a
MARCH 29, 2018 — Mitsui O.S.K. Lines, Ltd. (MOL) reports that the icebreaking LNG carrier Vladimir Rusanov has conducted its first loading operation at the Yamal LNG plant at Sabetta port in
FEBRUARY 9, 2017 — Dubai headquartered GAC reports that Yamal LNG, one of the world’s largest and most complex LNG projects, has appointed GAC Russia to manage its fleet of ice breaking
FEBRUARY 11, 2014 — LNG membrane containment specialist GTT (Gaztransport & Technigaz) has signed a cooperation agreement with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) for the industrialization of its new
SEA-Vista is a partnership between SEACOR Holdings Inc. and private equity firm Avista Capital Partners. Its ships will be operated by SEACOR subsidiary Seabulk Tankers, Inc.
The Independence is a 610-foot, 50,000 deadweight-ton, and LNG-conversion-ready Jones Act product tanker with a 330,000 barrel cargo capacity. Construction on the ship began in November 2014.
As part of the ceremony, the ship’s sponsor, Mrs. Allison Moran, CEO of RaceTrac Petroleum, christened the ship with a traditional champagne bottle break over the ship’s hull. Mrs. Jayne Rathburn, former CEO/owner of US Joiner, pulled the trigger to release the ship into the San Diego Bay.
“General Dynamics NASSCO shipbuilders are revolutionizing the future of American shipping with the concept and construction of innovative, cost-saving, and environmentally-sound vessels,” said Kevin Graney, vice president and general manager for General Dynamics NASSCO. “When delivered, these ECO Class, Jones Act-qualified tankers will be among the most fuel-efficient and environmentally-friendly tankers anywhere in the world.”
“We are pleased to complete this important milestone for the first in a series of three fuel-efficient, ECO Jones Act product tankers that will be delivering into the SEA-Vista fleet and operated by Seabulk Tankers, Inc,” said Daniel J. Thorogood, president and chief operating officer for Seabulk Tankers, Inc.
For its commercial work, NASSCO partners with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME), for access to state-of-the-art ship design and shipbuilding technologies.
DSME has placed an order with Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME) to supply the ships with its proprietary system for generating electric power by maximizing recovery and utilization of exhaust gas waste energy from marine diesel engines.
The systems ordered for the Maersk newbuildings takes the total number of MHI-MME’s WHRS units ordered to 87 since the system’s market introduction in 2010. Maersk has thus far been the biggest customer the system, with 69 units ordered for installation in four series of ships, including its 18,300 TEU Triple-E vessels.
The WHRS is MHI-MME’s best-selling product and the company holds a greater than 90% share of the WHRS global market.
The schematic below shows the principles of the system.
JULY 29, 2015 — All three South Korean shipbuilding giants have now reported massive operating losses. After market close Wednesday, Samsung Heavy Industries reported an operating loss of 1.55 trillion won ($1.3
JANUARY 16, 2015—It is said that fame is fleeting and perhaps there is no better case than the 19,100-TEU CSCL Globe, which held the title of the world’s largest containership for about
