Korean Shipyard to Build for Scorpio Tankers

Monday, August 06, 2012

Scorpio Tankers sign letter of intent with Hyundai Mipo Dockyard for two tankships.

New York-listed Scorpio Tankers has signed a letter of intent with Korea's Hyundai Mipo Dockyard for two additional fuel-efficient newbuild vessels at a purchase price of $34.0 million each.

The company says that the acquisition of fuel-efficient vessels is "essential" in providing a competitive edge to the company. "We believe that modernising our fleet with more fuel efficient vessels is essential in establishing a competitive advantage in our markets," said Emanuele Lauro, CEO and chairman of the board at Scorpio Tankers.

The vessels are due for delivery in January 2014 and will be built with new propulsion technology, including a 'B' type ultra-long stroke electronically controlled main engine, which are expected to reduce the vessels' fuel consumption by approximately 10% compared to existing designs.

The move is in line with its plans to acquire "modern, high-quality tankers through timely and selective acquisitions".

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

TORM's CFO Zacho Quits

TORM's Chief Financial Officer (CFO) Mads Peter Zacho has resigned to become Chief Executive Officer of J. Lauritzen A / S. Mads has been with TORM since 2013.

DSME Reveals Additional Self-Restructuring Plan

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has  revealed an additional self-restructuring plan amid the falling shipbuilding orders.

KOTUG Begins Operations in Mozambique

KOTUG Mozambique has begun exclusive port and terminal towage services with two Rotortugs in the new port of Nacala-a-Velha in northern Mozambique for Nacala Development Corridor (CDN),

Shipbuilding

China Shipbuilding Plans Major Restructuring

State-owned China Shipbuilding Industry Corp (CSIC) is undertaking a major restructuring as it grapples with an industry downturn, and it will be the largest restructuring

DSME, Sovcomflot Delay Delivery of First Arctic LNG carrier

South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) and Sovcomflot have agreed to delay a liquefied natural gas carrier being built for the Yamal LNG project in Russia.

DSME Reveals Additional Self-Restructuring Plan

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has  revealed an additional self-restructuring plan amid the falling shipbuilding orders.

Tanker Trends

TORM's CFO Zacho Quits

TORM's Chief Financial Officer (CFO) Mads Peter Zacho has resigned to become Chief Executive Officer of J. Lauritzen A / S. Mads has been with TORM since 2013.

Alfa Laval PureNOx Prime Ordered for Five VLECs

Alfa Laval’s new PureNOx Prime solution for water treatment in Exhaust Gas Recirculation (EGR), will be part of EGR systems on five very large ethane carriers

NASSCO Delivers Second ECO Tanker to APT

On Thursday, May 19, shipbuilders at General Dynamics NASSCO delivered the Magnolia State to longtime customer American Petroleum Tankers (APT). The ECO Class tanker

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0800 sec (12 req/sec)