Piraeus-based Hellespont Shipping Corp.
has contracted Samsung Heavy Industries (010140.KS)
for the first two vessels in a new class of VLCC's. The contract also calls for the option to build two optional ships - with delivery beginning in the last quarter 2001.
With a lightweight of 46,500-tons, the vessels will form a new standard for large tanker strength and speed - while equipped with various features. The ABS and LR-approved structures and scantlings will be 10 percent in excess of both rules.
The vessels will be fitted with a 45,000-bhp main engine, about 6,500-hp above the largest engine that has been installed in a modern VLCC. These engines will provide the vessels with a loaded service speed of at least 17.2 knots.
An inerting system utilizes the double scrubbing method developed in-house by Hellespont - resulting in sulphur dioxide levels less than 1 ppm.