Maritime Vessels Directory

Samsung Heavy Industries has signed a $226 million (KRW 307.4 billion) contract to build two very large gas carriers (VLGCs) for an undisclosed shipowner in Bermuda, according to a Korean stock exchange regulatory filing.The contract was signed on September 29 and runs through February 28, 2030, with the end date based on the vessels' delivery date.Payments will be made according to construction progress, with the contract including an advance payment.The order represents 2.9% of Samsung Heavy Industries' $7.81 billion (KRW 10.65 trillion) in annual revenue based on its 2025 consolidated financial statements.

Jianglong Shipbuilding Signs $40M Vessel Construction Deal

yesterday

Chinese workboat and specialist vessel builder Jianglong Shipbuilding Technology has signed contracts worth $40 million to build two 78-meter multi-purpose offshore supply vessels for an undisclosed customer, with deliveries scheduled for 2028.The first vessel is due to be delivered on or before June 19, 2028, followed by the second on or before August 18, 2028. Payments will be made in installments as construction progresses.The contract value, which excludes owner-supplied items, is equivalent to about $40 million (269.5 million yuan) and represents 38.35% of Jianglong Shipbuilding's audited operating revenue for 2025.

Washburn & Doughty Delivers Tug to McAllister

5 days ago

McAllister Towing received the tug Mary McAllister from Washburn & Doughty Associates, Inc. in Maine. Mary McAllister is the sixth in a seven-tug series of American Bureau of Shipping-classed and certified 84-metric-ton bollard pull, low-emission tractor tugs. Mary McAllister is powered by CAT Tier IV engines producing 6,770 horsepower. She is classed with the following certifications and endorsements from ABS: +A-1 Towing, +AMS, Fire Fighting (FiFi 1), Escort, Low Emissions Vessel. Her firefighting prowess includes pumps and monitors capable of producing 12,000 gallons of water and foam per minute.Mary McAllister left Washburn & Doughty just in time to ride out the approaching nor'easter.

PaxOcean to Build Ulstein-Designed SOV for NYK Line

5 days ago

NYK Line has ordered a new service operation vessel (SOV) from PaxOcean Group for offshore wind projects in Taiwan and the wider Asia-Pacific region, with delivery planned around 2029.PaxOcean will build the vessel at its Graha yard in Batam, Indonesia, while Ulstein Design & Solutions will provide the design and engineering package based on its SX222 platform.The 89.6-metre-long, 19.2-metre-wide vessel will accommodate up to 120 people and support offshore wind construction, operations and maintenance, providing an offshore base for personnel and logistics.It will feature Ulstein's TWIN X-STERN hull design and a dynamic positioning system for station-keeping.

Trump to Unveil Plans for $200b of South Korean Investments

9 minutes ago

President Donald Trump will announce on Wednesday plans for South Korea to invest $200 billion in US projects, including $54 billion to build the long-planned Alaska liquefied natural gas project, a White House official said.The announcement will detail the first major projects under a broader $350 billion strategic investment package South Korea made as part of a trade agreement with Washington last year. The $350 billion package includes $150 billion for shipbuilding and $200 billion for strategic investments.

Maritime Reporter and Engineering News (August 2026)