Hanwha Ocean Eyes Submarine Exports to Canada, Philippines, Poland - official
technologies as he aims to build the industry into one of the world's four largest exporters. Currently, the top four arms exporters are the United States, Russia, France, and China, according to the Stockholm International Peace Research Institute think tank.Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, is a leading South Korean defense contractor that has built submarines for the South Korean and Indonesian navies.Kim said Hanwha Ocean had responded this year to questions from Poland on its submarine building capabilities, after registering interest
Floating Offshore Wind: Attention Turns Subsea for Power Transport
.A substation concept under the Optiflot project between Ideol, ABB and STX. Image from Ideol.Earlier this year, construction engineering company Linxon and its parent companies Hitachi ABB Power Grids and SNC-Lavalin/Atkins partnered to “make floating substations for offshore wind a reality”. Daewoo Shipbuilding & Marine Engineering and Korea Electric Power Technology Company have also said they’re working on offerings for the floating offshore wind substation market for both deep and shallow waters.Petrofac has been doing some detailed work on floating substation concepts. As projects
HMM, DSME Join Forces for Smart-ship Tech
South Korea’s container shipping giant Hyundai Merchant Marine (HMM) and compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) have joined forces on the research, development and innovation in the field of smart ship technologies.Under a Memorandum of Understanding, the parties would conduct research on real-time service system based on IoT (Internet of Things), design on-shore platforms for optimized fleet operation, develop automated warehousing systems for ship materials and development economic navigation solutions.HMM plans to promote the innovation of smart ship technologi
JFD Wins DSRV Contract from Republic of Korea Navy
and Sons, has received a multi-million dollar contract for the design and build of an advanced Deep Search and Rescue Vehicle (DSRV).The DSRV will be delivered as a part of a submarine rescue capability being provided to the Republic of Korea Navy (RoKN).The contract, awarded by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME), will ensure the provision of an advanced and highly capable submarine rescue vehicle to the South Korean Navy that will ensure the highest standards in safety for submariners.Following the recent contract award to DSME for the construction of a new auxiliary
Changing the Landscape of LNG Production
Successful completion of the Petronas Floating LNG facility (PFLNG) Satu is a milestone for the oil and gas industry and for the Malaysian energy giant. Designed by consortium leader TechnipFMC and fabricated at the Daewoo Shipbuilding and Marine Engineering yard in South Korea, PFLNG Satu achieved the first-ever production of LNG offshore in December 2016. The 365-meter by 60-meter facility processes, produces and offloads LNG in situ, directly above natural gas reservoirs. FLNG allows the monetization of remote, marginal and stranded offshore gas fields that cannot be developed
Atwood Delays Drillship duo by Two Years
Atwood Oceanics, Inc. announced today that it has agreed with Daewoo Shipbuilding & Marine Engineering Co. ("DSME") to delay the requirement to take delivery of Atwood's two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer, by two years to September 30, 2019 and June 30, 2020, respectively. In connection with the delay, Atwood will make a payment of $125 million for the Atwood Archer on or before December 15, 2016, as well as a payment of $15 million on the earlier of June 30, 2018 or the delivery date. In respect of the Atwood Admiral, Atwood will
ABS Advances Landmark Standardization JIP
Group comprising JIP members representing oil majors, engineering companies, yards and classification societies will provide feedback on deliverables to make sure results reflect stated objectives. ABS initiated its first standardization JIP in 2015 with the three leading Korean shipyards – HHI, Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) – and oil and gas and engineering companies to establish new global design standardization procedures based on relevant industry standards, international regulations and class requirements across the offshore industry
ABS Spearheads Offshore Standardization JIP
cost and time savings, it will help to secure quality, reliability and safety,” he said. “This is a humble start today and will result in significant innovation in the future.” ABS initiated its first standardization JIP in 2015 with the three Korean shipyards – HHI, Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) – and oil and gas and engineering companies to establish new global design standardization procedures based on relevant industry standards, international regulations and class requirements across the offshore industry
Technip Confirms Losing Dong Energy Contract
Energy <IPO-DONG.CO> that the Danish utility had terminated a contract to build an oil and gas platform for its Hejre field. The majority state-owned utility said earlier on Tuesday it was indefinitely postponing the development offshore Denmark as the supplier consortium - Technip and Daewoo - had not been able to meet its commitments under the contract. "We disagree with Dong statement and we will defend the interest of our Consortium, while completing our contractual obligations," Technip said in an statement to Reuters. It added that the contract was part
February 2024
