We recommend a BUY rating on Samsung Heavy Industries for a target price of KRW7,700. Current risks and market conditions are similar to those of 2018-2019, the boom years for LNG carrier orders. When compared to the average of 2018-2019, the shipbuilder’s order backlog is 25.5% larger and...
South Korean shipbuilders, brimming with heavy order backlogs, are turning their focus to high-value and eco-friendly vessels for new orders as the industry is expected to enjoy a buoyant order book through 2030. The prices of new vessel orders placed with South Korean shipbuilders, led by Hyundai...
https://www.hellenicshippingnews.com/korean-shipbuilders-turn-focus-to-high-value-vessels/
As in the first two quarters of this year (January-March and April-June), Bangladesh continued to be the top shipbreaking country in the third quarter (July-September). In the third quarter of this year, 120 ships were scrapped worldwide, of which 41 ships (34%) were dismantled in Bangladesh,...
https://www.hellenicshippingnews.com/bangladesh-remains-on-top-in-shipbreaking/
Samsung Heavy Industries has won an approval in principle (AIP) from Lloyd`s Register for the conceptual design of a membrane-type storage tank and 160,000-cubic meter carrier to transport liquefied hydrogen, which was developed for the first time in the local shipbuilding industry, the Korean major shipbuilder said on Thursday, hoping its proprietary technology can help …
The post Samsung Heavy wins certification for membrane-type storage tank for hydrogen first appeared on Hellenic Shipping...
An electric smart ship using a full range of information and communication technologies (ICT) will sail in the southeastern city of Ulsan starting from next year. Ulsan’s city government and the Ulsan ICT Promotion Agency held a groundbreaking ceremony for the ICT-integrated electric smart ship at...
https://www.hellenicshippingnews.com/electric-smart-ship-will-sail-in-ulsan-next-year/
In line with strategy, Celsius Tankers has ordered a new series of LNG Carriers to support the growth of Celsius Tankers modern LNG fleet. Celsius Tankers is committed to push boundaries for available design improvements on any new building, in order to reduce environmental impact. The vessels’ highly efficient design minimizes CO2 emissions and methane …
The post Celsius Tankers Confirms Orders For 4 X 180,000 Cbm Ultra-Eco Lng Carriers From Samsung Heavy Industries first appeared on Hellenic...
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has successfully separated and captured carbon dioxide (CO2) from the exhaust gas emitted from the engines of a ship equipped with a small-scale CO2 capture demonstration plant, as part of the “Carbon Capture on the Ocean” (CC-Ocean) project(1) for verification testing of a …
Singapore-based Sam Pan Marine Holdings Pte Ltd has ordered six Strat Cat 27 (SC27) vessels from Strategic Marine (S) Pte Ltd, with an option to build and deliver six more vessels. Sam Pan Marine Holdings has also appointed Strategic Marine Group as the exclusive commercial agent to provide...
Japanese shipping line Iino Kaiun recently asked Hyundai Mipo Dockyard to build a 23,000 cubic meter ammonia-ready ship. The carrier is scheduled to be delivered in December 2023. An ammonia-ready vessel is powered by LNG, LPG, or the like and can be turned into an ammonia-powered ship if...
Samsung Heavy Industries Co. last month successfully completed a sea trial of its self-operating vessel technology, which enables two autonomous ships to recognize each other and avoid a collision. The South Korean shipbuilder aims to commercialize the remote autonomous system, called Samsung...
https://www.hellenicshippingnews.com/samsung-aims-to-unveil-autonomous-ships-in-2022/