First Teekay ECC Shuttle Tanker Starts Taking Shape

South Korea’s Samsung Heavy Industries has laid keel for Teekay’s first shuttle tanker newbuilding intended for the East Coast Canada (ECC) project.

NAT to Increase Fleet with Suezmax Trio

Bermuda-based tanker owner Nordic American Tankers Limited has decided to up its fleet to 33 vessels as it signed agreements for three new Suezmax tankers with South Korea’s shipbuilder Samsung Heavy Industries.

Samsung Heavy Industries Lays Out Restructuring Plans

South Korea’s Samsung Heavy Industries (SHI) has unveiled details of its self-restructuring plan which reveals that the financially troubled shipbuilder plans to make the necessary workforce cuts through an early retirement scheme and to require from its

Creditors Approve HHI’s, SHI’s Rescue Plans as DSME Rolls Out New Cuts

South Korean “Big Three” shipbuilders seem to have caught the last train to avoid bankruptcy as they battle industry headwinds, especially with 2016 turning out to be one of the toughest years for the shipbuilding industry yet.

SHI sinks to a Q2 loss of $949m

South Korea’s Samsung Heavy Industries (SHI) posted a deep loss of KRW1.1trn ($949.1m) in the second quarter as its core offshore business faces challenges on lower oil prices. ...

OOCL joins mega-boxship club with order for six 21,100 teu newbuilds at SHI

Orient Overseas Container Line (OOCL) is joining the mega-boxship club ordering six 21,100 teu vessels at Samsung Heavy Industries (SHI), the largest so far contracted. ...

SHI wins $620m deal to build three LNG carriers

Samsung Heavy Industries (SHI) has won an order worth $620m to construct three LNG carriers...