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A service for shipping & logistics professionals · Saturday, May 24, 2025 · 815,802,811 Articles · 3+ Million Readers
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Samsung Heavy Industries Co. News Monitoring

  • Published on May 23, 2025

    Another LNG carrier for QatarEnergy’s expanding fleet starts coming together in Korea

    China Merchants Energy Shipping (CMES) has initiated the construction of a liquefied natural gas (LNG) carrier that will be part of QatarEnergy’s growing fleet at Samsung Heavy Industries’ shipyard in South Korea. Steel cutting ceremony; Source: CMES A …

    Source: Offshore Energy - Neutral
  • Published on May 22, 2025

    India to Invest $10 Billion in Domestic Oil Tanker Fleet by 2040

    Advertisement India plans to invest ₹85,600 crore to acquire 112 crude oil tankers by 2040 in a bold move to enhance energy security and reduce reliance on foreign-owned vessels. This ambitious strategy targets a significant shift in the country’s oil …

    Source: Chemical Industry Digest - Pending
  • Published on May 22, 2025

    GasLog to Buy Three BG Group LNG Carriers & Charter Back

    GasLog Ltd. says it has agreed with Methane Services Ltd. (MSL), an affiliate of BG Group (BRGXF), to purchase 3 LNG carriers from MSL's fleet and to charter those ships back to MSL for 6-year initial terms. MSL also will have options to extend the …

    Source: World Energy News - Connecticut - Pending
  • Published on May 22, 2025

    Sejin Heavy Industries boosts shipbuilding stocks amid U.S. cooperation hopes

    As the market shows vitality, not only shipbuilding stocks but also shipbuilding materials stocks are demonstrating strong prices. Sejin Heavy Industries shares were traded at 10,350 won on the KOSPI market at 9:15 a.m. on the 15th. The stock price …

    Source: Hellenic Shipping News - Neutral
  • Published on May 22, 2025

    From Galaxy to cosmic: Samsung's new ambition is building space tech

    Samsung’s fascination with the word Galaxy is about to go beyond its brand of smartphones, as the company reportedly wants to enter the space infrastructure market by developing a space plant project. With this “space plant” project, Samsung would look …

    Source: Android Headlines - Neutral
  • Published on May 22, 2025

    SHI to Build Arctic LNG Ship for Zvezda

    Russia's Zvezda Shipbuilding Complex has awarded the contract for the LNG carriers for the Arctic LNG 2 project to Samsung Heavy Industries (010140.KS) (SHI). The South Korean company will also provide technical specifications and design documentation …

    Source: World Energy News - Connecticut - Pending
  • Published on May 21, 2025

    TotalEnergies to Invest in BC LNG Project

    TotalEnergies SE has committed to buying two million metric tons per annum (MMtpa) of liquefied natural gas (LNG) for 20 years from the pending Ksi Lisims LNG project in British Columbia. Concurrently the French integrated energy company also agreed to …

    Source: Rigzone - Neutral
  • Published on May 21, 2025

    ABS approves new multi-purpose deepwater LNG floating asset from SHI

    ABS issued an approval in principle (AiP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose LNG floating facility for deep water (MLF-O). Called MLF-O, the next-generation design from SHI optimises the production facility for deepwater …

    Source: LNGindustry - Neutral
  • Published on May 21, 2025

    KNOT expands shuttle tanker orderbook in China

    Chinese shipbuilder COSCO Shipping Heavy Industry (Zhoushan) has been contracted to build a 154,000-dwt DP2 Suezmax shuttle tanker, with the agreement signed in late April. While the delivery schedule has not been officially disclosed, shipbroking sources …

    Source: Riviera - Neutral
  • Published on May 21, 2025

    India to spend $10bn on 112 tankers to boost domestic shipping capacity

    The Indian government is plotting a huge new tanker-building programme to secure its energy supplies. Bloomberg cited sources familiar with the matter as saying a budget of INR 850bn ($10bn) has been earmarked to order 112 vessels up to 2040. India is the …

    Source: Tradewinds - Neutral
  • Published on May 20, 2025

    India Launches $10 Billion Tanker Fleet Plan to Boost Energy Security and Shipbuilding

    By Mihir Mishra (Bloomberg) — India plans to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said, as the world’s third-biggest importer of oil seeks to have its own fleet to secure …

    Source: gCaptain - Neutral
  • Published on May 20, 2025

    12th LNG carrier joins Celsius Tech’s fleet, 9 more in the works

    Celsius Tech Limited, the Hong Kong-based technical management arm of Danish shipowner Celsius, has welcomed a liquefied natural gas (LNG) carrier built by South Korea’s Samsung Heavy Industries (SHI). LNG carrier Celsius Galway; Source: Celsius Tech. The …

    Source: Offshore Energy - Neutral
  • Published on May 20, 2025

    ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

    May 20, 2025 (Credit: ABS) American Bureau of Shipping (ABS) has issued an approval in principle (AiP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O). Called MLF-O, …

    Source: Offshore Engineer News - Neutral
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