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.

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