Samsung Heavy receives order to build three shuttle tankers

Mar 12 2020


Samsung Heavy Industries disclosed in a regulatory filing that it had won a contract to build three Suezmax shuttle tankers with an Asian ship owner on February 28, equivalent to USD 300 million (KRW 361 billion).

These ships will be delivered by July 2022.

 

In 1995, SHI became the first Korean shipbuilder to construct a shuttle tanker. It currently boasts the largest market share in the world of 45%, having clinched orders for 64 out of 143 shuttle tankers placed to date.

 

"In order to solidify our market dominance, we will help ship owners further reduce operating expenses for ships with new smart technologies and make use of eco-friendly solutions for keeping pace with stricter regulations," said an official of SHI.

 

Meanwhile, SHI set this year's order target at $ 8.4 billion, which is 18% up from $ 7.1 billion it achieved last year.

 



Related News

Shipowners delay scrapping VLCCs

(Mar 25 2021)

Very large crude carrier (VLCC) owners are holding off scrapping their older ships amid lingering demand for floating storage and the possibility of a tanker market rebound later this year.



ABS, Sembcorp Marine, 3D Metalforge and Polar Tankers in landmark additive manufacturing project

(Feb 18 2021)

ABS, Sembcorp Marine, 3D Metalforge and ConocoPhillips Polar Tankers Inc. (Polar) have successfully fabricated, tested, and installed functional additive manufactured parts on board the oil tanker Endeavor.



Aframax tanker for Sovcomflot laid down at Zvezda Shipyard

(Dec 10 2020)

A new Aframax tanker, to be named “Ocean Avenue”, under construction for Sovcomflot has been laid down at the Zvezda Shipbuilding Complex.



Largest VLEC ever constructed delivered on time and built to ABS Class

(Nov 19 2020)

First of 12 Vessels Ordered to Service Trade Between U.S. and China.



Hunter Group ASA - Hunter Frigg delivered

(Aug 27 2020)

Hunter Tankers AS (the "Company"), a wholly owned subsidiary of Hunter Group ASA, is pleased to announce that the delivery process of "Hunter Frigg" (NB No. 5470) was successfully completed.



April-May 2021

Safety risks from digitalisation and decarbonisation - seafarer mental health - ABS advice on ballast water systems