AsiaContracts and Tenders

Samsung Heavy to build LNG-powered VLCC duo

By Mirza Duran
Samsung Heavy to build LNG-powered VLCC duo
Samsung Heavy to build LNG-powered VLCC duo

South Korean shipbuilding giant Samsung Heavy Industries has received an order to build two LNG-powered very large crude carriers.

The order worth 253.6 billion Korean won ($209.2 million) was placed by a Bermuda-based ship owner, Samsung said on Tuesday.

Samsung did not reveal the name of the company behind the order.

The shipbuilder plans to deliver the two LNG-powered vessels by April 30, 2022.

The vessel feature S-Fugas, an LNG fueling system developed by Samsung. This will help them comply with the IMO’s low sulphur regulation which took effect early this year, the shipbuilder said.

The LNG system helps reduce the volume of harmful emissions like sulfur oxides, nitrogen oxides and carbon dioxide.

Compared to diesel fuel, the LNG system cuts emissions of SOx by 99 percent, NOx by 85 percent and carbon dioxide by 25 percent.

The Korean shipbuilder has since 2012 won a series of orders for LNG-powered ships.

With the latest order, Samsung Heavy now claims 54 percent of the global LNG-powered oil tanker market based on the number of ships.

Most Popular

Contracts and Tenders

Venture Global doubles Greek LNG supply deal

US LNG exporter Venture Global LNG and a joint venture of Greek companies Aktor and DEPA have doubled volumes under their previously announced LNG supply deal.
Vessels

Indonesia’s Sillo Maritime buys LNG carrier for $65 million

Indonesia's Sillo Maritime has purchased a 2009-built liquefied natural gas (LNG) carrier for $65 million.
LNG as Fuel

CMA CGM, CCEC order LNG bunkering vessel in China

Greece's Capital Clean Energy Carriers (CCEC) and France's CMA CGM have ordered one LNG bunkering vessel from Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering. Upon delivery in 2028, the vessel will serve a long-term charter deal with a joint venture of TotalEnergies and CMA CGM.

More News Like This

Vessels

South Korea’s Samsung Heavy clinches another LNG carrier order

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build another liquefied natural gas (LNG) carrier for approximately $252 million.
Contracts and Tenders

JGC, Technip Energies, and Samsung Heavy win EPCIC contract for Coral Norte FLNG

Eni-led Mozambique Rovuma Venture has awarded a contract to Japan's JGC, France's Technip Energies, and South Korea's Samsung Heavy to provide engineering, procurement, construction, installation, and commissioning (EPCIC) services for the second FLNG project in Mozambique, Coral Norte (Coral North). JGC says the contract is worth below $5 billion.
LNG Terminals

Cedar FLNG launched in South Korea

South Korea’s Samsung Heavy Industries has launched Cedar LNG's floating LNG production unit, which will be installed in Kitimat on Canada’s West Coast.
LNG Terminals

Delfin takes FID on first FLNG

Delfin Midstream has taken a final investment decision for the first 4.4 mtpa floating liquefied natural gas unit of its LNG project under development in Louisiana. Delfin says the FLNG is the first floating liquefaction facility in the United States and the world's largest FLNG.