Korean shipbuilder Samsung Heavy Industries (SHI) on Tuesday (14 April) revealed in its regulatory filing that it has closed a deal worth a total of USD 209.2 million (KRW 253.6 billion) with a Bermuda Islands based ship owner to build two LNG-fuelled VLCCs which will be delivered by April 2022.
Equipped with S-Fugas, an LNG fueling system independently developed by SHI, these vessels will comply with IMO 2020 which took effect early this year and reduce the emission of SOx by 99%, NOx by 85% and carbon dioxide by 25% compared to diesel fuel, says the company.
SHI notes that other in-house developed cutting-edge technologies, such as Energy Saving Devices (ESDs), which enhance fuel efficiency by improving rotational energy efficiency of propellers while operating, and SVESSEL, a smart ship solution, will be applied to the newbuildingsas well.
To respond to rising demand for cleaner emission ships in the wake of IMO 2020, SHI says it has developed a competitive edge in LNG-fuelled vessels by adopting LNG fuel tanks and engines in different forms and materials as ME-GI and X-DF since 2012.
“We see increasing demand for LNG-fueled VLCCs on top of that for S-max and A-max tankers powered by LNG,” says a company official.
“SHI aims to take more opportunities to come as we have predominated the market with the advancement of technologies.”
Photo credit: Jonathan Holmes
Published: 15 April, 2020
Organises bunkering operations at the Ust-Luga-Baltiysk ferry route with LNG-fuelled ferries and LNG bunker tanker.
“What I do think there will have been is an entire year – and that “tipping year” is surely going to be 2018,” states General Manager.
Generated savings for bunker costs (LNG versus MGO) of LNG-retrofitted Wes Amelie was approximately 2.750 EUR per day and almost one million EUR in 2019.
Seven vessels to be chartered and operated by UPM will be built in China; delivery scheduled for 2021 and 2022.
Convenor of ISO working group speaks to Manifold Times about how LNG can help shipowners save money today and in the foreseen future.
Jiangnan Shipbuilding positioned the CMA CGM vessel’s 2,200 mt engine and other components in record time with five large cranes and an approximate hundred smaller units.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
