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

Sempra still targets Port Arthur LNG expansion FID in 2025

Sempra Infrastructure, a unit of Sempra, still expects to make a final investment decision on the second phase of its Port Arthur LNG export project in Texas in 2025.

YPF CEO: FID on second Argentina FLNG expected by July

Pan American Energy, Golar LNG, YPF, Pampa Energia, and Harbour Energy plan to take a final investment decision on Argentina's second floating LNG production unit by the end of July, according to YPF CEO Horacio Marin.

Germany, Egypt seal FSRU charter deal

Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.

More News Like This

HD Hyundai Samho secures LNG-powered containership order

South Korea’s HD Hyundai Samho has secured an order to build LNG-fueled container vessels.

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.

HD Hyundai Samho clinches $262 million LNG carrier order

South Korea’s HD Hyundai Samho has secured an order to build one liquefied natural gas (LNG) carrier for about $262 million.

Knutsen, Orlen name LNG carrier duo in South Korea

Norway’s Knutsen and Poland’s Orlen named two newbuild liquefied natural gas (LNG) carriers in South Korea.