Deals this week: Samsung Heavy Industries, Keppel Singmarine, Hamburg Süd

13 April 2018 (Last Updated April 13th, 2018 10:39)

Samsung Heavy Industries (SHI) has secured a $370m contract to construct two 174,000m³ liquefied natural gas (LNG) carriers.

Samsung Heavy Industries (SHI) has secured a $370m contract to construct two 174,000m³ liquefied natural gas (LNG) carriers.

The vessels will be powered by X-DF duel-fuel engines, which can run on both natural gas and diesel.

The vessels, which will be delivered in July and October 2020, will be fitted with a Mark-III Flex-type containment system to minimise boil-off gas (BOG).

Keppel Singmarine, a unit of Keppel Offshore and Marine (Keppel O&M), has received a contract from Mitsui AP to build a 7,990dwt dual-fuel bunker vessel.

The vessel will be used by Sinanju Tankers Holdings to deliver marine fuels to vessels within local port limits.

The tanker, which will be the first LNG-fuelled bunkering vessel in Singapore, will be constructed in line with the Bureau Veritas guidelines.

Hamburg Süd has entered a partnership with Electrolux to minimise the emission of sulphur dioxide (SO2) in ports.

Based in Germany, Hamburg Süd is a container shipping company, while Electrolux is its customer based in Sweden.

“The 114,000dwt tankers will feature an ice-class 1A hull and will run on liquefied natural gas (LNG).”

In 2017, the firms jointly introduced a sustainability project, which involved the deployment of Hamburg Süd’s container vessel named Santa Catarina.

The deal, which is expected to reduce the sulphur content of marine gas oil (MGO), SO2 emissions by 95%, will enable Electrolux to support its sustainability strategy named For the Better.

PAO Sovcomflot (SCF Group) has raised $252m from a consortium of six international banks for purchasing six Aframax tankers.

The consortium includes ABN AMRO Bank, BNP Paribas, Citibank, ING Bank, KfW IPEX-Bank, and Société Générale.

Scheduled for delivery by the second quarter of 2019, the 114,000dwt tankers will feature an ice-class 1A hull and will run on liquefied natural gas (LNG).

ASV Global has partnered with BMT to work on a research project to enhance the safety and reliability of autonomous navigation at sea.

Based in the UK, ASV Global provides marine systems, while BMT provides engineering, science and technology consulting services.

The £1.2m ($1.7m) Synthetic Imagery training for Machine Vision in Extreme Environments (SIMVEE) research project will use ASV’s COLREG cognisant and autonomous collision avoidance system.