SHI Wins Order for Arctic Shuttle Tankers

By Joseph R. Fonseca
Wednesday, October 8, 2014

Samsung Heavy Industries won an order amounting to USD 440 Million for Three Arctic Shuttle Tankers from a European shipper.

 According to sources the order is from Russia’s state shipping firm Sovcomflot.

The shuttle tankers will have a capacity of 42,000 dwt each and the newbuildings are scheduled to be completed by April 2017.

With the latest deal, SHI has a combined total of $5.9bn in orders, and more orders are expected later this year, according to the shipbuilder.

In July this year, SHI clinched a similar order worth $440m to build a trio of shuttle tankers for Sovcomflot.

Categories: Arctic Operations Energy Marine Equipment Marine Propulsion Marine Science Shipbuilding Tankers Vessels

Related Stories

Titan Clean Fuels and TURN2X Agree e-Methane Supply Deal

Hapag-Lloyd Earnings Down from Last Year

Wattlab Scales Up Solar Power for Bulkers

Current News

Operations Begin at Jubail Container Terminal in Saudi Arabia

Concerns Raised by Repeated Chinese Detentions of Panama-Flagged Vessels

CMA CGM Celebrates Maiden Call of New Port Kobe Service

New Wildlife Trafficking Compendium Released for Singapore

Subscribe for Maritime Logistics Professional E‑News