Daewoo Shipbuilding to build two LNG carriers for BW

21 September 2014 (Last Updated September 21st, 2014 18:30)

Maritime group BW has signed a contract with Daewoo Shipbuilding and Marine Engineering (DSME) for two liquefied natural gas (LNG) carriers.

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Maritime group BW has signed a contract with Daewoo Shipbuilding and Marine Engineering (DSME) to purchase two liquefied natural gas (LNG) carriers.

The vessels are expected to be delivered in late 2017 and early 2018, and the contract includes the option to order additional vessels.

These next-generation LNG ships will have the highest technical standards with a series of BW upgrades.

Build with eco-ship design and MEGI propulsion, the ships will be also be equipped with partial reliquefaction systems to enable low boil-off rates (BOR).

"We have strong ambitions in the LNG sector and these vessels will continue our steady growth."

BW Group CEO Andreas Sohmen-Pao said: "BW and DSME have a strong relationship spanning more than 30 years and over 50 vessels through our worldwide shipping and bergesen heritage.

‘With an expanding fleet of well-built and well-maintained vessels, BW will continue to strive for outstanding service to customers. We have strong ambitions in the LNG sector and these vessels will continue our steady growth in the sector."

Since 1980, BW Shipping deals with sales and purchase, gas solutions and commercial management of a fleet of modern oil and gas carriers.

The major business areas of BW are LNG carriers, liquefied petroleum gas (LPG) carriers, crude oil and product tankers, offshore floating production vessels (FPSO), environmental marine technologies and floating gas infrastructure.

The two newbuild vessels bring BW’s LNG fleet to 20 and its total fleet size to 147.


Image: Officials from BW and Daewoo at the signing ceremony. Photo: courtesy of BW.