BW’s first MEGI LNG tanker launched at DSME

Singapore-based gas shipping giant BW Group recently held a launching ceremony for the company’s first MEGI LNG carrier.

The launching ceremony for the M-type, Electronically Controlled, Gas Injection (MEGI) LNG vessel took place at the Daewoo Shipbuilding & Marine Engineering shipyard in South Korea.

The 173.400-cbm LNG carrier named BW Tulip is expected to be delivered to its owner in February 2018 along with its sister MEGI vessel.  The two vessels were both ordered back in September 2014.

Daewoo said in August last year that the contract price of the LNG duo had been reduced from 429.7 billion Korean won to 427.8 billion Korean won ($382m).

BW’s orders at DSME include one FSRU expected to be delivered in November 2019, three LNGs out of which two are scheduled to be delivered in February 2018 and one in November 2019.

The shipping company’s current fleet comprises of 21 LNG vessels, with 16 tankers in operation and 5 newbuildings, according to BW’s website.

LNG World News Staff