Latsco’s first LNG newbuild nearing completion

Greece’s Latsco Shipping, a unit of Latsis Group, will soon take delivery of its first-ever LNG newbuild from South Korea’s Hyundai Samho Heavy Industries.

The 174,000-cbm LNG carrier with a working name Hull 8039 is currently undergoing sea trials. It should join the Greek firm’s fleet during the first quarter next year.

To remind, Latsco ordered two X-DF sister vessels via Consolidated Marine Management at the Korean yard back in November 2018. The order had a price tag of about $370 million.

This marked the first move in the LNG shipping segment for Latsco that operates a fleet of 29 vessels.

Commodity trader Trafigura has reportedly chartered both of the LNG carriers for a period of five years.

As per specifications, the new vessels are 297 meters long and about 46 meters wide.

Both of the newbuilds feature WinGD’s dual-fuel X-DF engines and GTT’s MARK III Flex containment system.

Once delivered during 2021, they will be managed by Latsco LNG Marine Management, a unit of the firm established last year.

Most Popular

BP, partners take FID on $7 billion Tangguh UCC project

BP said in a statement on Thursday the Tangguh Ubadari, CCUS, compression project (UCC) has the potential to unlock...

CoolCo seeks long-term employment for two LNG carriers

In August, Coolco said it plans to employ its first newbuild LNG vessel, Kool Tiger, on a shorter deal...

LNG Canada pipeline enters commercial service

Canada's TC Energy said on Tuesday CGL had executed a commercial agreement with LNG Canada and CGL customers that...

More News Like This

HD Hyundai Marine Solution to support Latsco’s LNG vessels

According to Latsco LNG Marine Management, the deal includes spare parts provision and servicing of the auxiliary engines of...

GTT scores new LNG tank gig

GTT received the order during the third quarter of 2024. Under the order, HD Hyundai Samho contracted GTT to design...

Knutsen names new LNG carrier in South Korea

Norway’s Knutsen named one newbuild liquefied natural gas (LNG) carrier in South Korea. The naming ceremony for the 174,000-cbm LNG...

CMA CGM orders 12 LNG-powered containerships in South Korea

French shipping giant CMA CGM, one of the world’s largest backers of LNG as fuel, has ordered 12 LNG...