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Sunday, June 9, 2019 

Samsung Heavy Industries has successfully developed an LNG-fuelled 300,000t VLCC, receiving Approval In Principle from classification society Lloyd's Register.

The newly developed LNG-fuelled crude oil carrier is a high-efficiency, eco-friendly ship that incorporates SHI’s proprietary LNG fuel supply system S-Fugas and fuel saving device SAVER Air.

This certification verifies that the vessel can effectively meet sulphur emissions regulations which are due to enter into force in 2020, as well as reducing fuel consumption and operating costs.

Samsung Heavy Industries said: "We will actively pursue the market through new eco-friendly vessels that focus on maximizing operational savings," adding, "We plan to further enhance our competitiveness in order receivables by reducing costs through ongoing technology development and localisation."

Samsung Heavy Industries delivered two 113,000t LNG fuelled tankers using its proprietary LNG fuel technology earlier this year.

Meanwhile, the Korean shipbuilding group announced last week it has secured orders for two LNG carriers in contracts worth US$ 3.8 billion. 

These vessels, which will be delivered sequentially by the end of June 2022, follow recent orders for 10 LNG carriers and an FPSO.

SHI said: "Through aggressive sales activities, we are filling up the delivery timeframe after 2022. We will continue to secure initiative in the LNG carrier market by aggressively targeting large-scale projects such as Qatar and Mozambique.”

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