Samsung Wins $50-Million Contract For Two Tankers For Australian Owner

Samsung Shipbuilding & Heavy Industries Co., Ltd., of Korea has been awarded a newbuilding contract to construct two 95,000-dwt product/crude oil tankers for an Australian shipowner at a total value of $50 million.

The contract is the second for the Korean yard obtained from Australia this year. It was signed in Seoul by K.S. Choi, president of SHI; A. Thomson, assistant general manager of Howard Smith Ltd.; and E.G. Anson, general manager of Howard Smith Industries Pty. Ltd. After delivery, which is scheduled for the second half of 1986, the two vessels will be in operation on the Australia-Middle East route to carry crude and product oil.

The approximate principal dimensions of each of the vessels are 7541/, feet long, 150 feet wide, and 63 feet deep, with a draft of 40 feet. The vessels will be propelled by B&W 5L80MCE engines developing 14,050 bhp at MCR, with a service speed of 14.8 knots. The vessels feature a shallow draft and high efficiency in fuel saving.

shipbuilding A & B Industries tankers oil tankers contract service president engines manager product industries knots crude efficiency