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Daehan Shipbuilding to construct six LNG dual-fuelled newbuilds for Tsakos Energy Navigation

12 Oct 2021

Korean shipbuilder Daehan Shipbuilding said it has won an order for six 115,000-ton LNG-powered tankers (including four Aframax-class crude oil carriers and two optional LR2 petroleum product carriers) from Tsakos Energy Navigation (TEN), a Greek shipping company.

The signing ceremony held on 2 September was significant to the company as the deal was put on hold for about four months due to the high cost of steel materials that nearly doubled compared to last year.

The order amounting to about 500 billion won (USD 417 million) is considered the largest scale since the founding of Daehan Shipbuilding. 

The ordered vessels will be able to use both liquefied natural gas (LNG) and traditional bunker fuels during operations.

Newbuilding production is scheduled to start production in September 2022, with units to be delivered from September to December 2023.

The company has completed its technology development for LNG-powered ships in 2018, and recently acquired an Approval in Principle (AiP) for LNG bunkering ships and small liquefied petroleum gas (LPG) carriers, and plans to develop eco-friendly ship technologies  through cooperation with LR and ABS to develop ammonia ships, it says.

“This order for Daehan Shipbuilding is the fruit of its efforts for eco-friendly ships, and proves that it has technology comparable to that of large shipyards. It is also expected to be a turning point for sustainable growth in the future,” says a Daehan Shipbuilding official.

 

Photo credit: Daehan Shipbuilding
Published: 12 October, 2021

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