OSG Behind Order for Tanker Duo at Hyundai Mipo

TankerIllustration. Image Courtesy: Pexels under CC0 Creative Commons license

Overseas Shipholding Group has confirmed that it placed an order for two product chemical tankers with South Korea’s Hyundai Mipo Dockyard.

The shipbuilder will construct the 50,000 deadweight ton vessels under the USD 74.5 million shipbuilding contract, and deliver the units to their owner during the second half of 2019.

OSG informed that the tankers, to be constructed at HMD’s Ulsan shipyard, would be built to comply with MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within Emission Control Areas.

In addition, each vessel will have installed exhaust gas cleaning systems to meet the standards of MARPOL Annex VI Regulation 14 standards regarding sulphur oxide emissions.

OSG said that, following delivery, the vessels are expected to participate as US-flagged ships in trades served by existing company vessels.

“OSG is committed to maintaining a leading presence in the US Flag petroleum transportation sector,” Sam Norton, OSG’s President and CEO, said.

“We look forward to the contribution that these vessels will make to our long-term success once delivered.”

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