Korea’s Big Three shipbuilders are forecast to post a combined 14.5% operating margin in Q2 as LNG carriers, FLNG projects and higher-value orders lift profitability.
Hanwha Ocean has signed an MOU with Kanata for a Canada FLNG export project near Prince Rupert as the CPSP submarine bid decision approaches.
JGC has confirmed a share worth more than $1 billion in the $5 billion Coral Norte FLNG EPCIC contract offshore Mozambique.
Samsung Heavy Industries has won a KRW 4.3 trillion FLNG order from a North American client, bringing its annual order intake to $8.3 billion.
JGC has started a standardised FLNG design programme using Honeywell LNG technology to shorten delivery timelines and support offshore gas development.
CoreMarine and Jumbo Offshore have secured the installation and hook-up scope for the FLNG Hilli Episeyo and MKII in Argentina under a contract awarded by SESA, covering SSY mooring installation, offshore construction and multi-vessel operations.
TWD worked with GEOCEAN during the preparation phase of Project Marine XII, focusing on subsea installation of a submerged swivel and yoke system for an FLNG development. The work began
EXMAR was selected by Cedar LNG Partners LP to provide marine operations and operational expertise for the Cedar FLNG unit megu, which is under construction at Samsung Heavy Industries.
Samsung Heavy Industries reported sales of 10.65 trillion won and operating profit of 862.2 billion won, returning above 10 trillion won annual revenue for the first time since 2016.
