Samsung Heavy Industries to Build the World Largest Containerships for Evergreen

South Korean shipbuilder Samsung Heavy Industries will build six of the world’s biggest containerships for Taiwanese shipping company Evergreen Marine Corporation in a deal worth $920 million. SHI says the ships will measure 400-meters in length by 60-meters wide and with a nominal capacity 23,764 TEU, beating MSC Mediterranean Shipping Company’s record-holding MSC Gülsün, … [Read more...]

Transocean Relinquishes Ownership in Drillship Pair Under Construction

Offshore drilling contractor Transocean has decided to walk away from two drillships under construction at South Korea’s Samsung Heavy Industry. In a statement on Tuesday, the Switzerland-based company said it was relinquishing their respective interests in two drillships under construction – the Ocean Rig Santorini and the Ocean Rig Crete to SHI. The decision means that … [Read more...]

Ocean Rig Postpones Delivery of Newbuild Drillship Ocean Rig Santorini at Samsung Heavy

Offshore driller Ocean Rig has announced it has reached a deal with South Korean shipbuilder Samsung Heavy Industries to postpone the delivery of the newbuild drillship Ocean Rig Santorini by a little over two years. Under the agreement with SHI, Ocean Rig said the drillship will now be delivered on September 30, 2019, but delivery may be pushed forward at the option of … [Read more...]

Samsung Heavy ‘Cruising’ to 2018 Order Target with $750 Million Order for Eight Containerships

South Korean shipbuilder Samsung Heavy Industries says it has been awarded an order to build eight New-Panamax containerships for an undisclosed Asian owner. The order is valued at about $752 million (820 billion KRW), the shipbuilder said. The eight vessels will be delivered by May 2021 and will serve on a route between Asia and North America. The shipowner is said to … [Read more...]