Shipbuilding company Samsung Heavy Industries (SHI) has secured an order for four liquefied natural gas (LNG)-powered very large crude oil carriers (VLCCs).
The order has been placed by an undisclosed shipping corporation in Oceania and carries a total value of approximately $415m, reported Business Korea.
The ships will be supplied in a sequence, starting from June 2023.
The vessels will be equipped with varied eco-friendly technologies that comply with the regulations on pollutant emissions.
Some of the technologies include shaft generators to produce power by using shafts’ turning force, energy-saving devices to cut down ship friction resistance, and an LNG fuel supply system, named S-Fugas.
The publication reported that the company has secured orders for a total of nine LNG-powered vessels worth $1bn in span of a week.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEarlier this week, SHI won an order for five 15,000 twenty-foot equivalent unit (TEU) LNG-powered container ships from a client in Asia.
The total value of the order was approximately $708m.
The company has set an order target of $7.8bn for 2021.
This year, SHI has secured a total of 14 orders. They include a supply of four crude oil carriers, one LNG carrier, and nine container ships.
All these order intakes total up to $1.7bn, which constitutes approximately 22% of the planned goal.