Oil Tankers

Britain ordering tankers from Daewoo

Active: 
yes
Country/Region/International Authority: 
Contract Amount: 
700,000,000 USD
Announcement Date: 
02/23/2012

LONDON, Feb. 23 (UPI) -- Britain plans to order four 35,000-ton fuel tankers for the British navy's auxiliary fleet from Daewoo Shipbuilding and Marine Engineering of South Korea.

The order, announced by Britain's Ministry of Defense, is worth $700 million and is the third-largest defense export-related order for the Asian nation order.

It did not come, however, without dissent. The British Labor Party's shadow Defense Secretary Jim Murphy called the order a loss for British industry.

DSME wins Sonangol SUEZMAX order

Active: 
yes
Country/Region/International Authority: 
Contract Amount: 
350,000,000 USD
Announcement Date: 
02/24/2010
Termination Date: 
12/31/2012

Daewoo Shipbuilding and Marine Engineering Co. has won orders to build five 160,000 dwt SUEZMAX tankers at a cost of about Won400bn ($348.6m) for Angola's national oil company, Sonangol.

The shipbuilding contracts between the two companies were signed in Lisbon on Saturday, 20 February.

The 274 m long, tankers will have a beam of 48 m and a service speed of 15.4 knots. They will be delivered by the shipbuilder between mid-2011 and early 2013.

DSME, KOTC ink shipbuilding contracts for 2 Aframax tankers

Active: 
yes
Country/Region/International Authority: 
Contract Amount: 
300,000,000 USD
Announcement Date: 
07/12/2010
Termination Date: 
06/30/2012

DSME signed a $300 million contract with KOTC (Kuwait Oil Tanker Company) to build two Aframax size petroleum product tankers. The company is scheduled to deliver the vessels by the first half of 2012.

DSME Secures Order from Malaysia's AET

Active: 
yes
Country/Region/International Authority: 
Contract Amount: 
440,000,000 USD
Announcement Date: 
07/20/2010
Termination Date: 
10/31/2013

On July 20th, DSME won a new order to build four 320,000 DWT very large crude oil carriers (VLCCs) valued at US $440 million from Malaysia's AET (American Eagle Tanker Inc. Ltd.).

At a length of 333 meters long and a width of 60 meters, each of the VLCCs will be able to carry 320,000 tons of crude oil. The company is scheduled to deliver the vessels by October of 2013.

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