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August 31, 2017

Deals this week: GE, Hyundai Mipo Dockyard

GE's Marine Solutions has been awarded a service contract by TMS Cardiff Gas to provide maintenance to its Corcovado, Kita, Palu and Yari LNG vessels for the next ten years.

GE 's Marine Solutions has been awarded a service contract by TMS Cardiff Gas to provide maintenance to its Corcovado, Kita, Palu and Yari LNG vessels for the next ten years.

GE will provide maintenance services for the vessels' electric propulsion systems under the deal.

The arrangement will also see the company supply parts for the ships' propulsion motors, medium-voltage drives, generators and switchboards.

Additional works outlined in the contract include the modification of the vessels’ propulsion automation systems and fitting the fleet with visor remote monitoring devices, which will help in identifying the potential issues that may affect diagnostic services.

GE is also expected to provide training to the ships' personnel to enable them operate the new systems.

"Hyundai Heavy Industries (HHI) Group member Hyundai Mipo Dockyard has received a $120m deal from Bahri Dry Bulk , a subsidiary of Saudi Arabia-based transportation and logistics company Bahri ."

Hyundai Heavy Industries (HHI) Group member Hyundai Mipo Dockyard  has received a $120m deal from Bahri Dry Bulk , a subsidiary of Saudi Arabia-based transportation and logistics company Bahri .

Hyundai Mipo Dockyard will construct four new bulk carriers and deliver them to Bahri by 2020 under the terms of the contract.

The vessels will feature improved environmental, fuel-efficiency and safety capabilities, and will be able to carry up to 80,000t of cargo per voyage.

The new carriers will be used to import essential grains such as barley, wheat and corn into the Saudi Arabia.

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