Deals this week: Hyundai Heavy Industries (HHI), Fincantieri, Rolls-Royce


Hyundai Heavy Industries (HHI) has been awarded an $800m deal by South Korean dry bulk shipping company Polaris Shipping to build ten very large ore carriers (VLOCs).

The newly ordered, 325,000dwt-capacity VLOCs will be constructed with an LNG-ready design. They are set to feature a length of 340m, width of 62m and height of 29.8m.

Additionally, the vessels are expected to be equipped with a ballast water treatment system and a desulphurisation equipment scrubber.

The VLOCs are slated for delivery by 2021.

Italian shipping company Fincantieri has signed a memorandum of agreement (MoA) with American-British cruise operator Carnival to build a cruise ship for the luxury brand Cunard.

The new 113,000t ship will be able to carry 3,000 guests and is set to join Queen Mary 2, Queen Victoria and Queen Elizabeth as the fourth member of the Cunard fleet by 2022.

The ship will be constructed by Fincantieri at Monfalcone yard in Italy.

Rolls-Royce has signed a letter of intent (LoI) with Inmarsat to provide improved Energy Management 2.0 software solutions for ships.

"General Dynamics' wholly owned subsidiary Electric Boat has been awarded a $5.1bn Integrated Product and Process Development (IPPD) contract by the US Navy."

The company will make its energy management system available through Inmarsat Maritime’s Fleet Xpress high-speed broadband service as part of the arrangement.

General Dynamics' wholly owned subsidiary Electric Boat has been awarded a $5.1bn Integrated Product and Process Development (IPPD) contract by the US Navy.

The deal will see Electric Boat provide design services for the lead Columbia-class submarine.

Nippon Yusen Kabushiki Kaisha MTI (The NYK Group) and its partner Dualog have entered a partnership agreement with Nippon Telegraph and Telephone (NTT Group) to conduct a proof-of-concept experiment for an onboard Internet of Things (IoT) platform.

The partnership will involve NYK Group employing maritime IoT knowledge gained through ship information management system (SIMS), while Dualog will provide advanced technology and competence for the maritime digital data transportation platform.

NTT is expected to provide edge computing technology under the agreement.

NYK Group, Class NK, DNV-GL, and ship machinery and equipment makers are all expected to benefit from the results of the experiment.