Samsung Heavy Industries (SHI) has signed a contract to build an LNG carrier, meeting expectations for an increase in orders for eco-friendly ships. It is the company’s first order for 2021.
The company announced on Jan. 5 that it has won an order for a 174,000-square-meter LNG carrier worth 199.3 billion won from Pan Ocean, a global shipping company. The vessel will be delivered by April 2023.
“It is suitable for eco-friendly regulations as it is equipped with the latest membrane (Mark-III Flex) type cargo window to minimize cargo loss and nitrogen oxide reduction device (SCR) and BWTS,” a SHI official said.
“In particular, it is the latest eco-friendly smart ship that can operate more economically and safely with the installation of SVESSEL, Samsung Heavy Industries' smartphone solution,” he said.
Pan Ocean, the shipbuilder, plans to increase its international competitiveness in the LNG business by injecting the latest specifications of LNG carriers into a long-term Time Charter (TC) contract worth about $115 million signed with Portuguese energy company Galp last year.
Samsung Heavy Industries has so far won orders for a total of 20 LNG carriers since November last year, showing the recovery in orders for eco-friendly ships.