Samsung Heavy Industries

Capital Product Partners L.P. Announces the Sale of Three 10,000 TEU Container Vessels

Retrieved on: 
Wednesday, March 20, 2024
Partnership, TEU, Sale, Acquisition, DWT, Samsung Heavy Industries, Panamax, CPLP, LNG

ATHENS, Greece, March 20, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that the Partnership entered into a memorandum of agreement for the sale of three 10,000 TEU container vessels, built in 2011 at Samsung Heavy Industries, S. Korea: the M/V Athos, the M/V Aristomenis and the M/V Athenian.

Key Points: 
  • ATHENS, Greece, March 20, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that the Partnership entered into a memorandum of agreement for the sale of three 10,000 TEU container vessels, built in 2011 at Samsung Heavy Industries, S. Korea: the M/V Athos, the M/V Aristomenis and the M/V Athenian.
  • Delivery of the vessels to the buyer is expected in April 2024.
  • With the recently completed sale of the M/V Akadimos (115,534 DWT / 9,300 TEU, Eco-Flex, Wide Beam container vessel, built 2015, Daewoo-Mangalia Heavy Industries S.Α., Romania), which was delivered to its new owners on March 8, 2024, the Partnership has completed the sale of two container vessels and has agreed to sell two Panamax container vessels and three Neo-Panamax container vessels.
  • Total expected gross cash proceeds from the sale of the seven container vessels are estimated at approximately $272.5 million or $182.5m after repaying outstanding debt.

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Pembina Pipeline, PBA, CIBC, PPL, Haisla, Black & Veatch, Montney, British Columbia, MUFG Bank, Environment, Natural gas, Growth, Coastal GasLink Pipeline, Project, Notice, Partnership, Risk, FID, Knowledge, Environmental impact assessment, ARC Resources, Black, LLP, Carbon, King & Spalding, TSX, Engineering, Climate change, Hydrocarbon, Samsung Heavy Industries, CGL, ARC, WCSB, Haisla Nation, Capital, NGL, Multimedia, BC Hydro, Marketing, Government, NTP, Panama Canal, Economics, EPC

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points: 
  • In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
  • Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
  • "We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
  • Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

Altera to operate FPSO on Rosebank field

Retrieved on: 
Wednesday, September 27, 2023
Maintenance, FPSO, United Kingdom Continental Shelf, Aker Solutions, Dry dock, Samsung Heavy Industries, Dubai Drydocks, FPSO John Evans Atta Mills, CO2, Renewable energy, Knarr, Altera, Equinor

This vessel is set for deployment on the Rosebank field with a nine-year firm contract, and options extending up to 25 years.

Key Points: 
  • This vessel is set for deployment on the Rosebank field with a nine-year firm contract, and options extending up to 25 years.
  • This follows the final investment decision by Equinor and Ithaca Energy to advance the Rosebank development on the UK Continental Shelf and builds upon the previously announced bareboat charter contract for the redeployment of the FPSO.
  • The Petrojarl Knarr FPSO is a vessel perfectly suited for redeployment in harsh waters.
  • Today marks another important milestone with the final investment decision being taken for the development project and we stand ready to deliver a positive solution for the next decades on the Rosebank field”

Black & Veatch Chosen for FEED Work on Proposed Ksi Lisims LNG Floating Natural Gas Project in Canada

Retrieved on: 
Monday, July 10, 2023
Oil, Gas, Alternative Energy, Construction & Property, Green Technology, Energy, Manufacturing, Technology, Consulting, Professional Services, Environment, Environmental Health, Other Manufacturing, Other Technology, Other Energy, Other Construction & Property, Engineering, Rocky Mountains, Black & Veatch, Carbon, FEED, SHI, Natural gas, Samsung Heavy Industries, Western, Economics, LNG

The Ksi Lisims LNG project represents the next generation of LNG export design, re-inventing the industry for environmentally sensitive and greenhouse-gas constrained development situations.

Key Points: 
  • The Ksi Lisims LNG project represents the next generation of LNG export design, re-inventing the industry for environmentally sensitive and greenhouse-gas constrained development situations.
  • Developed jointly by Western LNG, the Nisga’a Nation and Rockies LNG, the project will be one of the most significant Indigenous-led infrastructure projects in Canadian history.
  • The project will use a floating LNG design that improves the project economics, minimizes land impacts and reduces construction-related risk.
  • “The Ksi Lisims LNG project team is delighted to be working with the world’s pre-eminent experts in floating LNG engineering and design,” said Davis Thames, president and CEO of Western LNG.

Seadronix Presents AI Ship Autonomous Navigation Technology at IMO Symposium

Retrieved on: 
Wednesday, July 5, 2023
Technology, Mobile, Wireless, Maritime, Transport, Professional Services, Software, Start-Up, Data Management, Artificial Intelligence, HD, International Maritime Organization, HD Hyundai, Policy, Multimedia, Research, Vessel monitoring system, Lidar, IMO, Samsung Heavy Industries, MASS, Artificial intelligence, Fishery, Shipbuilding

The symposium was held at the IMO headquarters in London on May 30th in preparation for promulgating the new regulation, namely Maritime Autonomous Surface Ships (MASS) Code, and paving the way to autonomous ship operation.

Key Points: 
  • The symposium was held at the IMO headquarters in London on May 30th in preparation for promulgating the new regulation, namely Maritime Autonomous Surface Ships (MASS) Code, and paving the way to autonomous ship operation.
  • The demonstration of its AI Ship Navigation and Monitoring System (NAVISS), operating on the Korean research vessel “Haeyangnuri,” received particularly positive responses.
  • Seadronix CTO Hankeun Kim said: “It was an honor to be invited as an expert speaker to present the autonomous ship navigation technologies we are developing and to express our opinions on the formation of autonomous shipping agreements and regulations at the IMO symposium.
  • We will continue our research and development efforts so that Seadronix’s technologies may contribute to the international standardization process of autonomous ship navigation.”

Korea Hydro & Nuclear Power, Samsung Heavy Industries and Seaborg Technologies form consortium to develop CMSR-based floating nuclear power plants

Retrieved on: 
Friday, April 21, 2023
Hydrogen, Partnership, Korea Hydro & Nuclear Power, Power plant engineering, Carbon, Floating nuclear power plant, Plant, SHI, Climate change, Seaborg Technologies, Samsung Heavy Industries, Safety, KHNP, Renewable energy

SEOUL, South Korea, April 21, 2023 /PRNewswire/ -- Korea Hydro & Nuclear Power (KHNP), Samsung Heavy Industries (SHI) and Seaborg Technologies have announced a consortium to develop floating nuclear power plants with Seaborg Technologies' innovative molten salt reactor technology.

Key Points: 
  • SEOUL, South Korea, April 21, 2023 /PRNewswire/ -- Korea Hydro & Nuclear Power (KHNP), Samsung Heavy Industries (SHI) and Seaborg Technologies have announced a consortium to develop floating nuclear power plants with Seaborg Technologies' innovative molten salt reactor technology.
  • The consortium aims to enable timely commercialization and a scalable export of factory-produced CMSR-based floating nuclear power plants worldwide, offering improved efficiency and inherent safety characteristics.
  • With KHNP's extensive experience in nuclear power generation, SHI's offshore construction expertise and Seaborg Technologies' innovative technology, the consortium is well-positioned to meet the growing demand for clean and reliable energy.
  • "This consortium is unique for deploying nuclear power at scale," said Mr. Navid Samandari, CEO of Seaborg Technologies.

Korea Hydro & Nuclear Power, Samsung Heavy Industries and Seaborg Technologies form consortium to develop CMSR-based floating nuclear power plants

Retrieved on: 
Friday, April 21, 2023
Hydrogen, Partnership, Korea Hydro & Nuclear Power, Power plant engineering, Carbon, Floating nuclear power plant, Plant, SHI, Climate change, Seaborg Technologies, Samsung Heavy Industries, Safety, KHNP, Renewable energy

SEOUL, South Korea, April 21, 2023 /PRNewswire/ -- Korea Hydro & Nuclear Power (KHNP), Samsung Heavy Industries (SHI) and Seaborg Technologies have announced a consortium to develop floating nuclear power plants with Seaborg Technologies' innovative molten salt reactor technology.

Key Points: 
  • SEOUL, South Korea, April 21, 2023 /PRNewswire/ -- Korea Hydro & Nuclear Power (KHNP), Samsung Heavy Industries (SHI) and Seaborg Technologies have announced a consortium to develop floating nuclear power plants with Seaborg Technologies' innovative molten salt reactor technology.
  • The consortium aims to enable timely commercialization and a scalable export of factory-produced CMSR-based floating nuclear power plants worldwide, offering improved efficiency and inherent safety characteristics.
  • With KHNP's extensive experience in nuclear power generation, SHI's offshore construction expertise and Seaborg Technologies' innovative technology, the consortium is well-positioned to meet the growing demand for clean and reliable energy.
  • "This consortium is unique for deploying nuclear power at scale," said Mr. Navid Samandari, CEO of Seaborg Technologies.

Dassault Systèmes and Samsung Heavy Industries Cooperate to Establish a Smart Digital Shipyard

Retrieved on: 
Tuesday, November 29, 2022
Technology, Maritime, Transport, Professional Services, Software, Data Analytics, Electronic Design Automation, Logistics, Supply Chain Management, Data Management, MBSE, SIMULIA, Product lifecycle, Euronext Paris, Revolution, Artificial intelligence, Learning, Natural gas, Transport, Patient, CATIA, Dassault Group, 3D, SHI, Smart, Marine, DSY, PLM, SOLIDWORKS, Automation, Samsung Heavy Industries, DELMIA, Safety, Mobile phone, Shipbuilding, Cryptocurrency, GEOVIA, ENOVIA, Compass, BIOVIA

By introducing model-based systems engineering, Samsung Heavy Industries can design more sophisticated and sustainable vessels requiring more automation, new systems and propulsions, and higher safety and control.

Key Points: 
  • By introducing model-based systems engineering, Samsung Heavy Industries can design more sophisticated and sustainable vessels requiring more automation, new systems and propulsions, and higher safety and control.
  • A smart yard in the shipbuilding industry will also help reduce construction costs and improve the quality of ships, said Jung Nam Lee, DT Director, Samsung Heavy Industries.
  • The cooperation with the Smart SHI team of Samsung Heavy Industries will allow Dassault Systmes to organize a consultative group for digital transformation to define and validate new processes and tools required to achieve the smart yard.
  • Dassault Systmes 3DEXPERIENCE platform-based smart yard will support a unique digital thread integrating various data sources and real-time operations information.

Global Ship Building Market Report 2022: Market is Expected to Grow to $266.64 Billion in 2026 at a CAGR of 8.2% - Long-term Forecast to 2031 - ResearchAndMarkets.com

Retrieved on: 
Monday, July 18, 2022
Transport, Maritime, Time-invariant system, Environmental Protection Act 1990, Atmosphere, Biodiversity, Samsung Heavy Industries, Environmental Protection Act, Hyundai Heavy Industries, Engineering, Technology, Population, Newport News, Virginia, Transport, 3D, Huntington Ingalls Industries, Ministry of Environment (South Korea), Revolution, Water quality, 3D Systems, General Dynamics, Organization, Industry, Ministry, Growth, Mitsubishi Heavy Industries, Movement, Shipbuilding, Iron ore, Environment

The "Ship Building Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Ship Building Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • The shipbuilding market consists of sales of ships and related services by entities (organizations, sole traders, and partnerships) that operate shipyards.
  • The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
  • Global Ship Building Forecast Market, 2021-2026F, 2031F, $ Billion

Imperial Petroleum Announces Agreement to Acquire Two Suezmax Tankers

Retrieved on: 
Friday, May 27, 2022
Company, Hyundai Samho Heavy Industries, U.S. Securities and Exchange Commission, Goal, United States v. Imperial Petroleum, Inc., Insurance, Samsung Heavy Industries, Suezmax, Transport, Nasdaq, Accident, Forward-looking statement, SEC, Acquisition, Record, IMPP, GLOBE, Oil, Aframax

Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil seaborne transportation services.

Key Points: 
  • Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil seaborne transportation services.
  • product tankers and one Aframax oil tanker with a total capacity of 305,804 deadweight tons (dwt) and has agreed to acquire one additional product tanker and two suezmax tankers with expected delivery by mid-June 2022.
  • Following these deliveries Imperial Petroleum will own a total of eight tankers with an aggregate capacity of approximately 682,000 dwt.
  • Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.