Leading dry bulk owner Scorpio Bulkers Inc. (NYSE: SALT) has signed a letter of intent (LOI) with South Korea’s Daewoo Shipbuilding and Marine Engineering Inc, covering the construction of a large Wind
Two major South Koreans shipyards reported significant orders today, according to Yonhap news agency reports. Hyundai Heavy Industry Group disclosed that it has signed a $178 million contract to build two 300,000
MAN Energy Solutions has signed a strategic agreement with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) and HSD Engine (the former Doosan Engine). Continuing a long relationship, the three companies now
South Korea’s Samsung Heavy Industries (SHI) says that it has successfully completed construction of the world’s largest containership three weeks ahead of the contracted delivery date. The ship, the MSC Gulsun, is
A much ballyhooed potential merger of Korean shipbuilding giants Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) has run into a snag. Unionized workers at both shipbuilders are determined to
JANUARY 22, 2019 — Oman Shipping Company (OSC) is launching an ambitious fleet expansion plan by placing orders for two newbuild 300,000 dwt VLCCs with South Korea’s shipyard Daewoo Shipbuilding & Marine
DECEMBER 27, 2018 — Korean shipbuilders ended the year by continuing to reel in orders for LNG carriers. In a regulatory filing on Monday, Samsung Heavy Industries Co., said it had won
OCTOBER 24, 2018 — With the IMO global sulfur cap looming, Hartree Maritime Partners LLC and Hunter Group ASA plan to form a new pool of eleven scrubber-fitted VLCCs and will work
OCTOBER 11, 2018 — Flex LNG Ltd. (OSE: FLNG) has completed a private placement raising gross proceeds of the NOK equivalent of $300 million. The private placement was significantly oversubscribed. Geveran Trading
AUGUST 2, 2018 — Mitsui O.S.K. Lines, Ltd (MOL) reports that Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) has delivered the 180,000 cu.m LNG carrier, LNG Schneeweisschen, jointly ordered by MOL