AsiaVessels

Latsco’s first LNG newbuild nearing completion

By Mirza Duran
Latsco's first LNG newbuild nearing completion
For illustration purposes only (Image: Latsco Shipping)

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.

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