South Korea’s Samsung Heavy Industries has won contracts worth US$1.3Bn this year to build LNG carriers, following its latest order from an undisclosed Asian shipping company, indicating strong demand for new LNG tonnage.
Clarksons Research predicts, with LNG exports expected to rise, there will be 293 LNGCs ordered by 2023 including 69 in 2019.
According to a regulatory filing by Samsung Heavy Industries (SHI), its latest contract is worth ₩215Bn (US$190M). The LNGC will be delivered by March 2022.
Earlier this year, SHI won an order to build four LNG carriers worth ₩870Bn (US$775M) from South Korea’s Sinokor Shipping for delivery by 2022. This followed a contract by Denmark-based Celsius Tankers, an affiliate of Celsius Shipping, worth ₩419Bn (US$373M) to construct two 180,000-m3 LNG carriers.
The LNG carriers for Celsius will be fitted with two of SHI's 'smart ship' technologies. One is Saver Air, which reduces friction between the hull and seawater by using an air lubrication system on the bottom of the ship’s hull to improve fuel consumption.
According to SHI, the air lubrication system is expected to save 5% on fuel consumption “irrespective of the external environment” such as waves and current.
The two Celsius Tanker LNGCs will also be fitted with SHI's Intelliman Ship, which will provide the ability to measure and monitor fuel consumption and CO2 emissions for ships in operation on a real-time basis. Operational reports can be automatically created based on the accumulated data, to comply with emission regulations such as the European Union’s monitoring, reporting, verification (EU-MRV) regulation and IMO’s data collection system (IMO-DCS).
The EU MRV regulation entered into force on 1 July 2015, and requires shipowners and operators to annually monitor, report and verify CO2 emissions for vessels larger than 5,000 gt calling at any EU port.
IMO-DCS started on 1 January 2019 and applies to ships of 5,000 gt and above calling at any port under the jurisdiction of EU member states to enforce emissions reduction from ships.