Samsung Engineering’s strive for $10bn of engineering project

Samsung Engineering is spurring in its action to enter into LNG liquefaction market. The engineering company was determined to try to win a bid for the Pacific Northwest(PNW) LNG in Canada, an ultra-scale of LNG terminal project with over $10bn of expected bid price and yearly of 1200million tons of production scale.

In recent LNG market, demand of LNG is swiftly growing at the result of development expansion of shale gas in the North America. So far, only few companies in the United States, Japan, Europe has been enjoying high profitability by forming cartel only among them and the LNG sale percentage in the Japanese companies nearly reached to 50percent.

Samsung Engineering since last June solely started its works for the Pre-FEED of the U.S.A Texas LNG project and is also scheduled to take a series of following steps including design during November this year. The president of the global engineering company recently noted that it will take-off toward a top-tier of integrated engineering company covering both ground and sea by integrating strengths between Samsung Engineering’s capacity on design, project management and Samsung Heavy’s capability on manufacturing.

 
 
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SCV (Submerged Combustion Vaporizer) & Fuel Gas Supply System

WONIL T&I Co., Ltd.
https://korean-machinery.com///inquiry[INQ. NO. 1311C10] Since established in June 1990, Wonil T&I Co., Ltd. (www.woniltni.co.kr) has been engaged in producing and supplying various types of equipment for LNG receiving terminal and combined-cycle power plant. The company has been expanding its market to nuclear power, petrochemical, power generation, and marine & shipbuilding business areas.

Wonil T&I succeeded in localization of FGSS (Fuel gas Supply System) which is the essential part for combined-cycle power plant with its own technology. Currently, Wonil T&I is the only manufacturer in Korea and as a result of continually developing domestic and overseas markets, the company has been acknowledged as a reliable supplier by global leading engineering companies in the Middle East, USA, Germany, and Japan. In 2012, Wonil T&I signed $13 million contract for Fuel Gas Supply System with Calik Enerji, a Turkish company, too.

In addition, Wonil T&I also successfully localized in manufacturing high pressure equipment such as gas heaters, filters, debris filters, pig launchers & receivers for thermal plant, nuclear plant, petrochemical plant, LNG receiving terminal plant through continuous research and development. With competitive price and quality products, the company has been attained a high reputation in various fields of industries.

WONIL
In particular, one of the main items for LNG receiving terminal is SCV (Submerged Combustion Vaporizer) whose technology has been transferred from Japanese Sumitomo Group and successfully localized in manufacturing in Korea and has been supplied to overseas markets including China, India, and the United States. They are expecting to export to the South America including Chile and Panama next year.

By intensively marketing in both domestic and overseas markets, the company’s turnover has recently been on a constant rise, recording 66 billion won in 2012 and 35.3 billion won in 2011. This year the figure is expected to surpass 80 billion won, the company’s highest ever.

Also, the company is expecting to win Export Award recording US$50 million this year. The company is targeting $100 million in sales in 2015. Constant R&D investment, drive to excellence, and powerful commitment to technology development is the driving force to make Wonil T&I stand out in the industry.
 
Lee Jung-been

 
 
 

 
 
 
 
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LNG Carrier

LNG Carrier - Daewoo Shipbuilding & Marine EngineeringHeadquartered in Seoul, Daewoo Shipbuilding & Marine Engineering Co., Ltd. has a shipyard on Geoje Island on the southern tip of the Korea peninsula and maintains business relationships with major shipping and oil companies all over the world.

With over 33 years of experience in shipbuilding and offshore projects, the company prides itself on being able to build sophisticated products with a level of technical superiority second-to none, with timely delivery and an unparalleled dedication to customer satisfaction.

The maker’s LNG vessels, with the proven reliability of the GTT membrane containment system, feature low construction costs and less fuel consumption. Moreover, in comparison with similar ships of the same class, they operate at the highest speed.
Shipowners can also take advantage of their exceptional maneuverability and ease of maintenance.

Equipped with the in-house-developed integrated automation system, operators of the company’s LNG vessels are able to control and monitor a variety of tasks, such as loading and unloading and navigating. The LNG simulator further enhances safety by providing forecasts of navigational risk factors and LNG status.

The global shipbuilder recently released that it signed a 910 billion won ($777 million) contract with Malaysia’s Petroliam Nasional Berhad to build a high-end ship capable of producing, storing and unloading liquefied natural gas(LNG).

DSME said it was the firm’s first contract to build an LNG floating production storage and offloading (FPSO) vessel. The LPG-FPSO will be 300 meters in length and 60 meters wide, capable of simultaneously holding up to 180,000 cubic meters of LNG and 20,000 cubic meters of condensate, a low-density mixture of hydrocarbon liquids.

Based on this capacity, it can produce, store and offload up to 1.2 million tons of LNG. “Global demand for LPGFPSO continues to increase, the deal will help DSME win additional contracts” said a spokesperson.

The partner also released a high expectation for the deal, noting the cooperation of DSME and Technip will lead to a successful operation. Making 16 contracts worth $5.77 billion as of July, the company is making its all-out efforts for this year’s original target of accomplishing $11 billion.

 

 

• Daewoo Shipbuilding & Marine Engineering Co., Ltd.

85, Da-dong, Jung-gu, Seoul, Korea
Tel: (82-2)2129-0226
Fax: (82-2)756-4390
E-mail: thkim1@dsme.co.kr
Website: dsme.co.kr

If you want more information about ‘Daewoo Shipbuilding & Marine Engineering Co.’, please contact us.
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