South Korean shipbuilder Samsung Heavy Industries (SHI) has recently received basic approval in principle (AIP) from classification society American Bureau of Shipping (ABS) for a new Floating Liquefied Natural Gas (FLNG ) one-side spread mooring system.
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MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register (LR) and MAN Energy Solutions have announced that they will work together on a joint development project (JDP) for an ammonia-fueled tanker to support shipping’s drive towards a decarbonized future. The creation of the alliance has been motivated by the partners’ shared belief that the maritime industry needs leadership and greater collaboration
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Hyundai Heavy Industries stock fell by a record 29 percent today after the company announced a plan to sell 12.5 million new shares by March to create capital and hedge against a variety of struggles facing the industry. The company is the second largest ship builder in the world. Shares of Hyundai Heavy Industries’ holding company, Hyundai Robotics, and one
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