BW Exercises Option for Second LNG FSRU with Samsung Heavy

Singapore-based BW Shipping has exercised an option for a second Liquefied Natural Gas Floating Storage and Regasification Unit (LNG FSRU) with Samsung Heavy Industries of South Korea on 29 November 2013.

Scheduled for delivery in 2016, this new FSRU adds to the first FSRU ordered in January 2013 and now brings the total FSRU units in BW’s fleet to two. These newbuildings will be constructed with DFDE engines and direct seawater cooling regasification system.

“Ordering our second FSRU shows BW’s firm commitment to be a trusted provider to our customers in this sector,” says Yngvil Ashiem, Managing Direct of BW Shipping.

“BW is focused on its vision to be the leading brand in energy transportation, serving customers with wide-ranging marine solutions across the energy value chain. BW and its predecessor companies have been providing shipping and maritime services for over 70 years and remains committed to safe, responsible operations of our fleet and our offices worldwide,” the company further said in a press release.

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BW Shipping, December 13, 2013