Offshore

Samsung Sets the Standard in FLNG

From digital twins to ammonia power packs, SHI consolidates its lead as a first mover in offshore plants In 2021, the President of Mozambique visited Korea. It wasn’t a state visit in the traditional sense—it was to witne..

News > Offshore > 2025-05-11 11:15:39

Will the Big Three Shipyards in Korea Seize Opportunities in the U.S. Icebreaker Market?

Securing Competitiveness in LNG Transport Icebreakers Amid Concerns Over Labor and Cost Efficiency As the U.S. faces challenges in building icebreakers for Arctic routes and polar maritime dominance, South Korea’s shipbuilders ..

News > Offshore > 2025-05-11 11:13:18

Petrobras' FPSO tender postponed

Petrobras has pushed back the bid deadline in the tender to contract a new floating production, storage and offloading unit (FPSO). The Brazilian oil giant plans to secure 'P-86' FPSO for the 'Marlim Sul-Marlim Leste'..

News > Offshore > 2025-05-08 15:23:47

Allseas orders 2 OCVs from China’s Wuchang Shipbuilding

Swiss offshore construction contractor Allseas has placed an order for two offshore construction vessels (OCVs) with China’s Wuchang Shipbuilding Industry Group. According to industry sources and foreign media, the two new vess..

News > Offshore > 2025-05-07 15:47:48

SHI strengthens standard FLNG lineup

Samsung Heavy Industries (SHI) has strengthened its floating liquefied natural gas (FLNG) facility lineup by developing the standard model 'Multi-purpose LNG Floater-Offshore (MLF-O)'. The South Korean shipbuilding tycoon ann..

News > Offshore > 2025-05-07 10:44:31

Taiwan’s Dong Fang Orders Third CSOV from Vard

Taiwanese offshore service provider Dong Fang Offshore (DFO) has placed an order for a third Commissioning Service Operation Vessel (CSOV) with Norwegian shipbuilder Vard, reinforcing its push into the offshore wind market. The lates..

News > Offshore > 2025-05-07 08:42:29

Floating Offshore Wind Market Poised for Fivefold Growth by 2030

Structural Growth Amid Market Volatility... Supply Chain Competition Heats Up Despite short-term headwinds, the global offshore wind power market is entering a new phase of long-term structural growth. Driven by national energy trans..

News > Offshore > 2025-05-03 18:51:51

Wando Offshore Wind Project to Resume in First Half of 2025

Korea South-East Power Co. (KOEN) will resume its 600MW “Wando Geumil Offshore Wind 1 & 2” project in the first half of this year. The move follows the resolution of a prolonged dispute with the Ministry of Trade, Ind..

News > Offshore > 2025-05-02 14:23:11

SHI Accelerates Two-Track Strategy Focused on Profitability… FLNG Orders Imminent

Back-to-back orders for ultra-large gas carriers and container ships… Full-scale shift toward offshore plant-centered portfolio Samsung Heavy Industries (SHI) is gaining momentum in its performance with selective orders for hi..

News > Offshore > 2025-05-02 09:40:40

MODEC and Sumitomo to build new FPSO for Shell

MODEC has signed a contract with Sumitomo Heavy Industries to build a floating oil and gas facility called an FPSO for Shell’s Gato do Mato project in Brazil. The FPSO will be used to produce, store, and offload oil from an underw..

News > Offshore > 2025-04-30 17:12:12