DSME delivers 2 tank shuttles to a Norwegian shipper

SEOUL, Sept. 5 (Yonhap) — South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has delivered two shuttle tankers to a Norwegian shipping company during the contract period.

Two years ago, DSME signed an agreement with Norwegian shipper Knutsen to build the 124,000 ton class shuttle tankers which are designed to transport oil from an offshore oilfield to a storage tank and equipped with a variety of unloading equipment.

DSME said a shuttle tanker costs about 1.5 times more than a very large crude carrier and it is very difficult to meet delivery requirements due to difficulties in building the vessel.

The ships have equipment powered by liquefied natural gas (LNG) and liquefied petroleum gas, as well as an environmentally friendly device called a volatile organic compound recovery system, the shipbuilder said.

These tankers are also equipped with safety, anti-spill and other high-end devices like dynamic positioning system and front loading system, DSME added.

DSME, the world’s 4th largest shipbuilder by order book, is doing well this year thanks to strong demand for LNG carriers. So far this year, DSME has booked orders worth $6.43 billion, nearly 72% of its annual orders target of $8.9 billion.