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.

Samsung Heavy Selling Shares to Raise Fresh Funds

South Korean shipbuilder Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.14 trillion (USD 997 million), according to the company’s stock exchange filing.

Samsung Heavy Swings to Profit

One of South Korea’s biggest shipbuilders, Samsung Heavy Industries (SHI), has seen its net income surge to KRW 128.6 billion (USD 112 million) in the third quarter of 2016, from a net loss of KRW 212.4 billion (USD 185 million) reported in the second qua

Reliance Industries Secures Funds for Six Ethane Carriers

Mumbai-based conglomerate Reliance Industries Limited (RIL) has, through its subsidiaries, signed term loan deals for a total of USD 573 million to partially finance the construction cost of its six very large ethane carriers (VLECs).

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

SHI Could Join the Construction of India’s FSRU LNG Terminal

One of the “Big Three” shipbuilders of South Korea, Samsung Heavy Industries (SHI), will reportedly be invited to take part in the construction of India’s first Floating Storage Regasification Unit (FSRU) LNG terminal.