Samsung LNG construction win

expat network

Samsung LNG construction win

Korea’s Samsung Heavy Industries said it has bagged a deal for the construction of two LNG carriers. with SK Shipping.

This deal seals the remaining two vessels from the Kogas tender, launched in 2014, after another Korean shipbuilder, DSME, finalized its contracts to build four LNG carriers.

Kogas will be importing 2.8 million mt per year of the chilled gas from Cheniere’s Sabine Pass terminal in the US for 20 years starting in 2017.

The two 170,000 cbm LNG carriers, to be built by SHI, will use the KC-1 LNG cargo containment system of corrugated membrane type developed by Kogas together with major shipyards in South Korea.

The contract is worth in excess of US$417 million, and vessels are scheduled for delivery on September 30, 2017.

Source: LNG World News

More Info: http://tinyurl.com/k9yhnam

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.