Hyundai Samho Heavy Industries

PIS with BGN Adds Two Giant Gas Tankers, Supporting Energy Resilience and Global Market Expansion for Indonesia

Retrieved on: 
Thursday, January 11, 2024
Hyundai Samho Heavy Industries, Ammonia, Artificial intelligence, BGN, Partnership, LPG, Ship, VLGC, Water, NDC, Transport, Augmented reality, PIS, Shipbuilding

Named the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, they are among the world's largest gas tankers, environmentally friendly and using the latest technology.

Key Points: 
  • Named the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, they are among the world's largest gas tankers, environmentally friendly and using the latest technology.
  • "The presence of these two VLGC ships will undoubtedly enhance the capability of the Pertamina Group in securing energy supplies to support national energy resilience.
  • We are pleased to help strengthen the energy security of Indonesia at the same time as supporting BGN's global energy and commodities trading platform with these maritime assets."
  • The vessels' sustainability advantages that contribute to the global energy transition include having dual-fuel tanks, enabling the optimization of low sulfur fuel and gas.

Cool Company Ltd. and Huaxia Financial Leasing Co., Ltd. Agree Sale and Leaseback Financing for Newbuild Vessels

Retrieved on: 
Wednesday, October 18, 2023
Maritime, Professional Services, Transport, Finance, Sale, NYSE, LNG carrier, Hyundai Samho Heavy Industries, Leaseback, MEGA, Natural gas, LNG

Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (“CoolCo” or “the Company”) and Huaxia Financial Leasing Co. Ltd. today announced that they had entered into sale and leaseback financing arrangements (the “Sale and Leasebacks”) for the Kool Tiger and Kool Panther newbuild vessels scheduled to deliver to CoolCo in the second half of 2024 from Hyundai Samho Heavy Industries in Korea.

Key Points: 
  • Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (“CoolCo” or “the Company”) and Huaxia Financial Leasing Co. Ltd. today announced that they had entered into sale and leaseback financing arrangements (the “Sale and Leasebacks”) for the Kool Tiger and Kool Panther newbuild vessels scheduled to deliver to CoolCo in the second half of 2024 from Hyundai Samho Heavy Industries in Korea.
  • Reference is made to the press release published by CoolCo on June 28, 2023 regarding the announcement that the Company had exercised its option to acquire the newbuild vessels and had received a commitment for the related debt financing.
  • With the Sale and Leasebacks now in place, CoolCo has fully financed the two MEGA LNG Carrier newbuilds.
  • “We are pleased to have established this important relationship with Huaxia Financial Leasing and look forward to working closely with them over the long term.

CoolCo Announces Exercise of Purchase Option for two 2-stroke LNG Carrier Newbuilds

Retrieved on: 
Wednesday, June 28, 2023
CBM, Sale, MEGA, Hyundai Samho Heavy Industries, Newbuild, EPS, Letter, Hand, NYSE, Natural gas, Cargo, LNG

The state-of-the-art MEGA LNG carriers (the “Newbuilds”) are scheduled to deliver from Hyundai Samho Heavy Industries (“HHI”) in Korea in September and December of 2024.

Key Points: 
  • The state-of-the-art MEGA LNG carriers (the “Newbuilds”) are scheduled to deliver from Hyundai Samho Heavy Industries (“HHI”) in Korea in September and December of 2024.
  • The Newbuilds have a cargo capacity of 174,000 cbm, a GTT Mark III Flex Membrane cargo tank system, reliquification, air-lubrication and shaft generators.
  • Each of the two Newbuilds is being acquired under the pre-existing purchase option price of approximately $234 million, a discount of approximately 10% to current quoted market value for comparable newbuild vessels.
  • The expected closing date and payment of the option exercise is Monday July 3, 2023.

BGN and Al Seer Marine Joint Venture Expands LPG Fleet

Retrieved on: 
Friday, March 3, 2023
ADX, IHC, Petroleum, USD, NH3, Hyundai Samho Heavy Industries, VLGC, Carbon, Growth, LPG, BGN, Acquisition, Partnership, Natural gas, Propane, KHI

DUBAI, UAE, March 3, 2023 /PRNewswire/ -- Global energy powerhouse BGN and Al Seer Marine (ADX: ASM), the global player across multiple marine sectors and a subsidiary of the International Holding Company (IHC), are working together to supply the growing global demand for cleaner fuel-burning sources. Through their AED 625 million (USD 170 million) joint venture, ABGC DMCC, the two companies collaborate on purchasing vessels used for transporting liquefied petroleum gas (LPG) around the globe.

Key Points: 
  • DUBAI, UAE, March 3, 2023 /PRNewswire/ -- Global energy powerhouse BGN and Al Seer Marine (ADX: ASM), the global player across multiple marine sectors and a subsidiary of the International Holding Company (IHC), are working together to supply the growing global demand for cleaner fuel-burning sources.
  • Through their AED 625 million (USD 170 million) joint venture, ABGC DMCC, the two companies collaborate on purchasing vessels used for transporting liquefied petroleum gas (LPG) around the globe.
  • "We believe LPG will be a key component of the global energy transition for years to come, and we are excited to work with Al Seer Marine on continuing the disciplined capital investment in our LPG fleet," said Emin Imanov, CEO of BGN.
  • Strategically increasing ABGC DMCC's fleet is a prudent way to accelerate lowering the carbon footprint in the energy industry.

Sale of the Golar Seal

Retrieved on: 
Monday, February 20, 2023
Sale, Exercise, IMO, Hyundai Samho Heavy Industries, LNG

Bermuda, February 20, 2023: Cool Company Ltd. (“CoolCo” or the “Company”) has entered into a agreement to sell the Golar Seal (IMO: 9624914) (the “Vessel”) for $184.3 million.

Key Points: 
  • Bermuda, February 20, 2023: Cool Company Ltd. (“CoolCo” or the “Company”) has entered into a agreement to sell the Golar Seal (IMO: 9624914) (the “Vessel”) for $184.3 million.
  • “Through the sale of the Golar Seal, the earliest vessel in our fleet to be built, we are demonstrating our disciplined approach to locking in shareholder value.
  • The valuation highlights the re-pricing of the LNG carrier market and strategic value of such LNG infrastructure assets.
  • A 2.5x cash-on-cash return in little more than 12 months since CoolCo’s formation shows the considerable upside in our fleet.

C-Type LNG Carrier Market Analysis/Forecast Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 21, 2022
Maritime, Energy, Transport, Oil, Gas, CSSC, Natural gas, Government, Hyundai Samho Heavy Industries, Ministry, CSTC, COVID-19, Transport, Private sector, Revolution, ADNOC, Methane, Growth, DSME, LNG carrier, Gary Komarin, Pressure, Investment, Rail transport by country, Union, KRW, Ministry of Petroleum and Natural Gas, Geography, Knutsen O.A.S. Shipping AS, Petroleum, EU, LNG

The "C-Type LNG Carrier Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Application and Geography" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "C-Type LNG Carrier Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Application and Geography" report has been added to ResearchAndMarkets.com's offering.
  • The C-type LNG carrier market size was valued at US$ 6,469.02 million by 2028 from US$ 3,920.84 million in 2021.
  • The C-Type LNG carrier market is mainly dominated by players such as Komarine Co.; Torgy LNG; Gas Entec Co., Ltd.; China Shipbuilding Trading Co. Ltd.; and Knutsen OAS Shipping.
  • Such initiatives by key players will contribute to the C-Type LNG carrier market growth during the forecast period.

Hillary Stalker joins CapWealth as executive vice president and financial advisor

Retrieved on: 
Wednesday, October 26, 2022
Woman, Forbes, Parent, Stalking, Multimedia, Hyundai Samho Heavy Industries, Venable, Learning, Industry, CEO, View, Iowa State University, Foundation, Heart, Clover, Anheuser-Busch, Financial adviser, Tutoring

FRANKLIN, Tenn., Oct. 26, 2022 /PRNewswire/ --Hillary Stalker has joined CapWealth, a Forbes Best-in-State investment advisory firm, as an executive vice president and financial advisor.

Key Points: 
  • FRANKLIN, Tenn., Oct. 26, 2022 /PRNewswire/ --Hillary Stalker has joined CapWealth, a Forbes Best-in-State investment advisory firm, as an executive vice president and financial advisor.
  • It was at Clover that her interest in finance was piqued, and she decided to pursue a career in the financial services industry.
  • She spent five years with Strategic Financial Group, Inc. in Naperville, Il, and most recently worked as a partner advisor with Southwestern Investment Group in Franklin, TN.
  • Stalker credits an uncle who ran his own financial services business for both recognizing her potential and acting as a mentor on her career journey.

Palantir Technologies and Hyundai Heavy Industries Group Grow Partnership to +$45M with Expansion into Shipbuilding

Retrieved on: 
Tuesday, September 20, 2022
Software, Supply Chain Management, Professional Services, Electronic Design Automation, Technology, Security, Data Analytics, Retail, Engineering, Maritime, Transport, Consulting, Manufacturing, Software, Group, Time, Safety, Engineering, Hyundai Mipo Dockyard, Hyundai Samho Heavy Industries, Foundry, Hyundai Oilbank, NYSE, Daou Technology Inc., U.S. Securities and Exchange Commission, Revolution, PLTR, Contract, Face, Hyundai Heavy Industries, Partnership, Environment, Forward-looking statement, Government, CES, CDO, Risk management, Palantir Technologies, Hyundai

Palantir Technologies Inc. (NYSE:PLTR) today announced a major expansion of its partnership with South Koreas Hyundai Heavy Industries Group by bringing Palantir Foundry to additional companies within the conglomerate.

Key Points: 
  • Palantir Technologies Inc. (NYSE:PLTR) today announced a major expansion of its partnership with South Koreas Hyundai Heavy Industries Group by bringing Palantir Foundry to additional companies within the conglomerate.
  • Korea Shipbuilding & Offshore Engineering (KSOE) will utilize the Palantir Foundry operating system across its shipbuilding subsidiaries Hyundai Heavy Industries Co, Hyundai Samho Heavy Industries, and Hyundai Mipo Dockyard in order to advance the Future of Shipyard vision.
  • This expansion, valued at $20M over 5 years, deepens Palantir's partnership with Hyundai Heavy Industries Group and helps with the digital transformation of South Korea's storied shipbuilders.
  • We will change the way we work by working with Palantir Technologies, said Taejin Lee, CDO of HHI Group.

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.

R-Three Technologies Inc. Announces Acquisition of US-owned Societe Crane & Associates

Retrieved on: 
Tuesday, March 29, 2022
State, Company, Aggregate, Tet offensive attack on US Embassy, Business, Ownership, OBO, Associate, Plant, List of diplomatic missions of the United States, CEO, Government, LLC, Technology, Republic, International, GLOBE, Associated Construction Publications, Sport, Hyundai Samho Heavy Industries, Acquisition, Management, African

NEW YORK, NY, March 29, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – R-Three Technologies Inc. (OTCMKTS: RRRT) (R3T) has just executed an agreement with Societe Crane & Associates which brings an international revenue and profit stream into its portfolio.  This acquisition is a building block in R3T’s plan to become a dominant international corporation in order to provide maximum shareholder value.

Key Points: 
  • Today we announce our plan to acquire Societe Crane and Associates.
  • Joe Crane set a vision in place for Societe Crane and Associates using his experience and multiple contracts to become one of the premier construction companies in Africa.
  • Having just announced William Benson as CEO and the addition of Societe Crane and Associates, the company continues to accelerate to a truly global organization.
  • Societe Crane & Associates is an officially recognized Congolese corporation specifically created by Mr. Crane in Brazzaville and licensed for large scale government/NGO construction projects, real estate and public infrastructure projects.