MAN Heart for Angelicoussis Shipping’s New Vessels

Four new vessels, ordered last week by Maran Tankers Management (MTM) and Maran Gas Maritime, oil tanker and gas shipping units of the Angelicoussis Shipping Group Limited (ASGL), will each be fitted with MAN engines, according to the company’s statement.

Angelicoussis Shipping’s units ordered two ME-GI powered 173,400 cbm liquefied natural gas (LNG) carriers and two 318,000 dwt Very Large Crude Carriers (VLCCs).

With a length of 295 meters and a breadth of 46 meters, the LNG carrier pair will be fitted with MAN B&W 2 x 5G70ME-C9.5-GI gas and fuel burning engines fulfilling IMO Tier III by EGR in both gas and fuel mode. MAN said that this engine type is expected to raise fuel efficiency compared to a standard LNG carrier, while at the same time lowering emissions.

The new VLCCs, which will be 336 meters long and 60 meters wide, will each be powered by a single MAN B&W 7G80ME-C9.5 high-efficiency engine fitted with the latest fuel saving technologies and an exhaust gas recirculation system ensuring Tier III compliance, MAN said.

The vessels order, placed with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), includes options for up to four more units.

DSME earlier said that the contract is worth some KRW 5.8 billion (USD 501 million) and represents the biggest deal signed by the yard so far this year.

Should the options for two more LNG carriers and 2 VLCCs be exercised, the order value would be brought up to KRW 11 billion (over USD 1 billion).

The LNG carriers and the VLCCs are slated for delivery in 2019 and in the first half of 2018, respectively.

Angelicoussis Shipping has 21 ships being built at DSME’s yards.

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