Advantage Tankers names LNG-powered VLCC duo in South Korea

South Korea’s Daewoo Shipbuilding & Marine Engineering has hosted a naming ceremony for two LNG-powered VLCCs it built for Geneva-based Advantage Tankers.

DSME held the naming ceremony for the LR-classed LNG dual-fuel VLCCs, Advantage Verdict and Advantage Victory, on October 13.

Both of these ships will serve a unit of LNG giant Shell under charter contracts.

The shipbuilder says these are the world’s first VLCCs equipped with two type C LNG tanks made of Posco’s high manganese steel.

Earlier this year, DSME for the first time installed two type C LNG tanks made of Posco’s high manganese steel onboard an LNG-powered VLCC.

DSME said the world’s first installation of a high manganese LNG tank on an LNG-powered VLCC followed a joint work of 10 years by the shipbuilder and steelmaker Posco.

The shipbuilder is building in total four LNG-powered VLCCs for Advatage Tankers.

Last year, DSME won orders for ten 300,000-dwt LNG-powered VLCCs from Advantage Tankers, AET, and International Seaways.

All of these vessels will go on on charter to Shell and will feature MAN ME-GI engines and LNG tanks made of manganese steel.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

Shell seals Hungarian gas supply deal

UK-based LNG giant Shell has signed a deal with Hungarian gas trader MVM CEEnergy to supply the latter with natural gas for 10 years.

Shell, Hapag-Lloyd seal bio-LNG bunkering deal

A unit of UK-based LNG giant Shell has signed a deal with Germany's Hapag-Lloyd to supply the latter's dual-fuel container vessels with bio-LNG.

Posco International, Glenfarne ink Alaska LNG pact

US energy firm Glenfarne and Posco International, a unit of South Korean steel producer Posco, have signed a deal to advance a strategic partnership for the development of the Alaska LNG project. This includes initial terms for a long-term heads of agreement for LNG supply.