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SHI Awarded Another Shuttle Tanker Order By AET

Last Updated April 02, 2020

SHI Awarded Another Shuttle Tanker Order By AET 1

Samsung Heavy Industries Co., Ltd. (“SHI”) revealed on 3rd that it won another 152,700 DWT Suezmax-sized shuttle tanker from Singapore’s AET.

This is another order from the shipowner who ordered a quartet to SHI in May 2018. The price is not disclosed in detail but recorded a slight increase.

SHI has been leading the shuttle tanker market since it built Korea’s first shuttle tanker back in 1995. SHI including the latest order has won 59 out of 133 ordered globally, dominating the specialized tanker market with 44% market share.

What Is A Shuttle Tanker?

SHI won all 14 shuttle tankers ordered in 2017 and 2018. Since 2010 SHI won 2 out of 3 (37 out of 54, 69%) shuttle tankers globally proving superior quality competitiveness.

A Samsung representative said, “This order is proof that SHI continues to be trusted by clients with leading technologies and outstanding track record.” He added, “SHI would continue firm leadership in the shuttle tanker market.”

SHI won 0.8 billion US in just August 2018, and a yearly total for 2018 now stands at 34 vessels and 3.7 billion USD. 9 LNGCs, 8 Containerships, 14 Tankers(including shuttle tanker), 3 Special purpose ships

Press Release: samsungshi.com

Photo Courtesy: samsungshi.com

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