KNOT orders LNG-fueled shuttle tanker duo at DSME

Written by Nick Blenkey
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Knutsen NYK Offshore Tankers (KNOT) is ordering two new LNG fueled shuttle tankers for long-term time charter to ENI .

The two new 124,000 DWT LNG fueled shuttle tankers will be built by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea with delivery mid-2022. Yonhap news agency quotes the shipbuilder as saying the order is worth $284 million.

The tankers will operate in North Sea under time-charter contract for a maximum 10 years period.

LNG, VOC RECOVERY AND BATTERIES

They vessels will be able to reduce emissions of CO2 equivalents significantly compared to conventional oil-fueled shuttle tankers, both through the use of LNG as the primary fuel and the utilization of the energy recovered from volatile organic compounds. There will also be installed a battery package to save energy during DP operation.

“We are pleased to announce that KNOT and ENI extend their partnership in the North Sea with two new LNG shuttle tankers,” says KNOT. “ENI, through their ownership in Vår Energi has many interests in North Sea gas and oil fields and is thus one of the major players in the area. This contract is the third and fourth long-term time-charter shuttle-tanker contract between ENI and KNOT Group. We are pleased that ENI has recognized KNOT capabilities and expertise in the shuttle tanker operation with the awarding of this new contract.”

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