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Malaysia: Synergy Marine orders $45 million LNG dual fuel PSV

16 Nov 2018

Malaysia offshore support vessel (OSV) operator Synergy Marine has ordered a liquefied natural gas (LNG) dual fuel platform supply vessel (PSV) from local shipyard Shin Yang Shipping Corporation, according to New Straits Times.

The MYR $188.75 million (USD $45 million) newbuilding is designed by Malaysia naval architecture, marine consultancy and ship design firm MTCMS Design; it will start construction in January with delivery scheduled for December 2020.

“The LNG generating engine system is believed to reduce the release of sulphur dioxide, nitrogenous dioxide and carbon dioxide, which is more environmentally friendly than the vessels currently used,” said Synergy Marine managing director Datuk Roslan Ahmad.

“Since the economic downturn and the decline in oil prices since 2016, most of the global oil and gas companies are restarting exploration and production campaigns, which is a good indicator because it shows the marine and shipping industry will start to pick up again.

“For the time being, we are building only one LNG power generating platform supply vessel, but some companies in West Asia have shown interest in the previous project.

“Therefore, we are ready to build another platform supply vessel if there was a demand for them from countries in West Asia.”

Published: 16 November, 2018
 

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