Samsung shipyard wins order to build three shuttle tankers

Lim Chang-won Reporter() | Posted : March 2, 2020, 09:45 | Updated : March 3, 2020, 07:52

[Courtesy of Samsung Heavy Industries]

SEOUL -- Samsung Heavy Industries, a shipbuilder in South Korea, has secured an order worth 361 billion won (297 million) from an unspecified Asian client to build three Suezmax-class shuttle tankers equipped with an eco-friendly solution. A shuttle tanker is designed for oil transport from an off-shore oil field as an alternative to constructing oil pipelines.

In a regulatory filing on Monday, the shipbuilder said the three shuttle tankers would be delivered one by one until July 2022. A Suezmax vessel has a capacity of 120,000 to 200,000 deadweight tons (DWT). Suezmax ships have lengths of about 275 meters stipulated as per the Suez Canal passage requirements.

The Samsung shipyard has received orders for 64 shuttle tankers since 1995. The company set this year's goal of shipbuilding orders to $8.4 billion, up from $7.1 billion in 2019.
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