South Korea: DSME Hands Over Very Large Crude Carrier IZKI to OSC

Oman Shipping Company S.A.O.C. (OSC) yesterday took delivery of a Very Large Crude Carrier (VLCC) “IZKI” at Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), Okpo, South Korea. “IZKI” is designed and constructed according to the latest international standards, and it has advanced ballast water treatment technology to comply with international conventions on the protection of the environment from the effects of transportation of ballast water and sediments around the world.

The vessel has 317,000 DWT capacity, is 333m in length overall, 60m in beam and has a design draft of 21m. This vessel will be technically managed by International Tanker Management (ITM), Dubai, which is a subsidiary of “V Ships”. “IZKI” will trade in the VL8 Pool, a joint venture company between OSC, Navig8 and VTN, based in Singapore. Including this vessel, OSC now has 13 out of 14 VLCCs in the VL8 Pool.

Since commercial operations began in 2003, OSC now has a fleet of 34 vessels, and an order book of 7 vessels to be delivered between now and 2014. The DWT capacity of the current fleet is around 5.3 million DWT, increasing to around 8 million DWT once the order book is delivered.

Daewoo Shipbuilding & Marine Engineering, established in 1973 and restructured as an independent company in October 2000 at Okpo Bay, Geoje Island, on the southeastern tip of the Korean Peninsula, has developed into the world’s premium specialized shipbuilding and offshore contractor that builds various vessels, offshore platforms, drilling rigs, floating oil production units, submarines, and destroyers. The company employs approximately 1,500 design and R&D personnel with prolific experience, and more than 15,000 skilled workers.

DSME has both shipbuilding and offshore engineering businesses in its shipyards. The company’s 900-ton goliath cranes and dry docks that are capable of building hulls of up to 12 m in width provide optimal conditions to build floating offshore plant products such as FPSOs and FPUs. Utilizing extensive plant, submarine, and battle ship building technology, the upper and lower portions of a floating plant facility are made in the streamlined production lines and then loaded by a large crane to complete the facility. On top of this, underwater exploration technology and relevant marine analysis technology provide the solid technological foundation.

[mappress]

Source: omanship, March 20, 2012