Knutsen NYK Offshore Tankers (KNOT), owner and operator of shuttle tanker operator, announced that it has been awarded a contract to build two liquefied natural gas (LNG) fueled Shuttle Tanker.
According to the fully integrated industrial shipping company, the two new 124,000 DWT LNG fueled shuttle tankers will be built by Daewoo Shipbuilding & Marine Engineering Co. Ltd shipyard in Korea with delivery mid-2022 and the vessels will operate in North Sea under time-charter contract for a maximum 10 years period.
The vessels will be able to reduce emissions of CO2 equivalents significantly compared to conventional oil-fueled shuttle tankers, through using LNG as the primary fuel and further utilized the energy recovered from volatile organic compounds.
There will also be installed a battery package to save energy during DP operation, said a press release.
Trygve Seglem, President and CEO of KNOT said: “We are pleased to announce that KNOT and ENI extend their partnership in the North Sea with two new LNG shuttle tankers. ENI, through their ownership in Vår Energi has many interests in North Sea gas and oil fields and is thus one of the major players in the area."
Trygve added:"This contract is the third and fourth long-term time-charter shuttle-tanker contracts between ENI and KNOT Group. We are pleased that ENI has recognized KNOT capabilities and expertise in the shuttle tanker operation with the awarding of this new contracts”