Dubai Drydocks has won a $22m contract from Norway
's First Olsen Tankers to convert the world's largest ship, the 564,763 dwt ULCC Jahre Viking, to a specialized 4.2 billion barrel Floating Storage unit for a five-year charter by Maersk
Oil for the Al Shaheen oil field off the coast of Qatar
. The vessel has already arrived in Dubai with the conversion program due to be completed by June 2004. This is likely to be the final phase in a chequered history for this ship. She was originally ordered by Nomikos as a 400,000 dwt unit in the seventies in Japan, but, following the collapse of the oil markets in mid-1974, construction was halted. The hull was then purchased by Hong Kong's C Y Tung — lengthened to her current size, and sailed first as the Seawise Giant. She was attacked during the Iran/Iraq War during the late eighties and was expected to be classed as a Constructive Total Loss (CTL). However, Norway's Anders Jahre purchased the hull and she was rebuilt in Singapore's Keppel Shipyard during 1991, sailing out of the yard as the Jahre Viking.