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Samsung Heavy wins extra order for shuttle tanker, 34 so far in ’17 order book

2018.09.03 14:48:48
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Samsung Heavy industry`s shuttle tanker. [Photo by Samsung Heavy Industry]

Samsung Heavy industry`s shuttle tanker. [Photo by Samsung Heavy Industry]

South Korea’s Samsung Heavy industry said on Monday it has won an order for one additional shuttle tanker as an option to the contract signed in May with Singapore’s AET for four shuttle tankers worth $360 million.

The 152,700 DWT Suezmax vessel will be used for transporting oil from offshore fields to land-based terminals. A majority of shuttle tankers are currently operated in the North Sea and the Barents Sea in Europe, the eastern part of Canada, as well as in offshore oil fields in Brazil.

Samsung Heavy Industries did not disclose the deal value, but sources say it is slightly higher than $90 million disclosed in May when the four ships were signed.

Samsung Heavy Industries said the additional contract demonstrates its customers’ trust in the company’s advanced technology and reliable shipbuilding experience.

The latest contract makes 34 vessels valued around $3.7 billion in the order book for Samsung Heavy Industries so far this year. Orders include nine LNG carriers, eight container ships, 14 tankers, including five shuttle tankers, and three special purpose vessels.

Samsung Heavy Industries has pioneered the shuttle tanker market in Korea since its first order received in 1995. A total of 37 in 54 global orders in shuttle tanker went to the shipbuilder.

By Woo Je-yoon and Minu Kim

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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