Samsung receives order for 2 LNG-fueled VLCC newbuilds

Samsung Heavy Industries disclosed in its regulatory filing that it had clinched a deal worth a total of USD 209.2M (KRW 253.6bn) with a Bermudan ship owner to build two LNG-fueled VLCCs, which will be delivered by April 2022. 
Equipped with S-Fugas, an LNG fueling system independently developed by SHI, these vessels will comply with IMO 2020 which took effect early this year and reduce the emission of SOx by 99%, NOx by 85% and carbon dioxide by 25% compared to diesel fuel.
Other cutting-edge technologies of SHI, such as Energy Saving Devices (ESDs), which enhance fuel efficiency by improving the rotational energy efficiency of propellers while operating, and SVESSEL, a smart ship solution, will be applied to the ships as well.
To preemptively respond to rising demand for cleaner ships in the wake of IMO 2020, SHI has developed a competitive edge in LNG-fueled vessels, adopting LNG fuel tanks and engines in different forms and materials as ME-GI and X-DF.
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