BW Orders LNG Carriers

BW Orders LNG Carriers

BW Group, a global maritime company involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deepwater production, has signed shipbuilding contracts with Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) for two Liquefied Natural Gas (LNG) carriers plus options for additional vessels on September 17, 2014.

The two firm 173,400 m3 newbuildings will be delivered in late 2017 and early 2018 and have been specified to meet next generation LNG shipping requirements.

The vessels will feature DSME’s latest eco-ship design with MEGI propulsion. They will also be equipped with partial reliquefaction systems which ensure industry-leading low Boil off Rates (BOR).

Andreas Sohmen-Pao, BW Group CEO, said: “BW and DSME have a strong relationship spanning more than 30 years and over 50 vessels through our World-Wide Shipping and Bergesen heritage.

We look forward to receiving high quality and technologically advanced newbuildings. With an expanding fleet of well-built and well-maintained vessels, BW will continue to strive for outstanding service to customers.

We have strong ambitions in the LNG sector and these vessels will continue our steady growth in the sector.”

The newbuildings will bring BW’s LNG fleet size to 20, and total fleet size to 147.

Press Release; September 18, 2014

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