Friday, July 15, 2011

Samsung wins Golar LNG-RV

Golar LNG has confirmed another LNG-carrier newbuilding at Samsung Heavy Industries in South Korea, bringing its tally to seven firm ships.

Sources say the company signed the contract early this month and hint that this time it has opted for an LNG regasification vessel for 2014 delivery.

This has led to speculation among industry players that Golar is closing in on business to provide Brazil’s Petrobras with a large floating storage and regasification unit (FSRU).

The owner, controlled by John Fredriksen, is also said to be intent on firming up a second option at the yard.

The latest order gives Golar — which raised over $300m to fund its expansion drive from an initial public offering (IPO) for new arm Golar LNG Partners in May — one of the largest hauls of seemingly speculatively ordered LNG ships.

The owner was quick off the blocks earlier this year, inking in four dual-fuel diesel-electric (DFDE) sisters at Samsung. Golar later confirmed a further two. It is said to have been playing Samsung off against rival shipbuilder Hyundai Heavy Industries in trying to secure the best deal. Four of the six vessels are set for 2013 handovers with the other two and now this latest one set to arrive in 2014.

The contracts include options to add ice-strengthening, winterisation features and regasification kit. Rumours circulating in the market suggest at least one of the vessels has already been earmarked as an FSRU.

Published : July 15, 2011

Source: Asiasis


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