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TWO GAS FUELLED VLCCs ORDERED FROM SHI

Tuesday, April 14, 2020 

Samsung Heavy Industries (SHI) of South Korea has announced an order worth a total of US$209.2 million (KRW 253.6 billion) with an as yet unidentified Bermudan ship owner to build two LNG-fuelled VLCCs, with scheduled delivery dates before April 2022.

The ships will be equipped with SHI's own-developed S-Fugas LNG fuelling system, which will ensure compatibility with current IMO environmental standards, by reducing emissions of SOx by 99%, NOx by 85% and CO2 by 25% compared to diesel fuel.

Other SHI technologies, such as the company's Energy Saving Devices (ESDs), which enhance fuel efficiency by improving rotational energy efficiency of propellers while operating, and SVESSEL, a smart ship solution, will be applied to the ships.

SHI says that in response to rising demand for cleaner ships in the wake of IMO 2020, it has developed a competitive edge in LNG-fuelled vessels, adopting LNG fuel tanks and producing, as licenses of the designers, dual-fuel engines of ME-GI and X-DF types since 2012.

"We see increasing demand for LNG-fuelled VLCCs on top of that for S-max and A-max tankers powered by LNG. SHI aims to take more opportunities to come as we have predominated the market with the advancement of technologies," said an SHI official.

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