Samsung Heavy Industries has announced the signing for a contract for three 155,000 DWT shuttle tankers, further solidifying its spot as the world’s top builder shuttle tankers worldwide.
Samsung Heavy said that the order came from an undisclosed shipper in the Americas and the contract was signed at the Nor-Shipping conference held in Oslo earlier this month.
Out of the 144 shuttlers tanker worldwide, the order marks the 43rd for SHI, giving it the world’s No. 1 market share with 37.7% of total orders.
The new tankers will measure 293 meters long and 49 meters wide, and will transport crude oil from offshore installations offshore the east coast of Canada to shore-based facilities.
Unlike traditional oil tankers, the shuttle tankers are equipped with dynamic positioning so they can maintain position alongside offshore oil production facilities.
The contract is worth US$330 million, according to SHI. The company said the advanced vessels are priced at approximately 1.7 times that of traditional tankers of the same size.
Delivery is expected for February 2018.
“We have been able to maintain the largest share of the global shuttle tanker market thanks to our advanced technology and rich experience,” Samsung Heavy Industries said in a press release. “Shuttle tankers are high-value products. We expect to actually win an additional order, as this contract includes one optional unit.”
Samsung Heavy Industries has recorded accumulated orders of about USD 2.9 billion, including orders for 11 oil tankers, 10 container ships and 2 LNG carriers.
The photo above is of the Brasil Voyager, a similar 150,000 DWT shuttle tanker built by SHI for Chevron for operation in the Campos Basin offshore.
ROME (Reuters) – An Italian judge on Friday cleared three migrant sea rescue charities that had been accused of abetting irregular immigration in complicity with human traffickers, throwing out a case opened...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
April 18, 2024
Total Views: 1543
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.