Samsung Heavy Industries (SHI) has secured a supply contract from an unnamed Asian client to build five additional vessels in a deal worth KRW 794.2 billion (USD 694.8 million)
In a company filing, it said the contract is to build five 15,000-TEU LNG powered container ships, the first of which is expected to be delivered by January 2024.
With this, Samsung has secured orders for 19 vessels which accounts for 31% of its 2021 target of USD 7.8 billion. According to the filing, this deal alone accounts for 10.8% of its targeted annual sales.
Published: 11 March, 2020
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.