Looking for a specific product?

Make a search for products & suppliers, articles & news.

Golar orders four new LNG carriers

Golar LNG, controlled by Norwegian shipowner John Fredriksen, has entered into a firm contract to build four 160,000 m3 LNG carrriers with the Korean shipbuilder Samsung Heavy Industries Co Ltd.

The newbuilding contracts were originally entered into by Companies affiliated with Golar's largest shareholder World Shipholding. Golar has acquired the newbuilding contracts from the affiliated party based on the original contracting terms.

Three vessels are to be delivered in 2013 and one in early 2014. The total cost of the four vessels is approximately $800 million. In addition Golar has an option to acquire further four vessels for delivery in 2013 and onwards.

Golar has options to include ice strengthening / winterisation of the ships as well as regasification equipment.

The vessels will be delivered with dual fuel diesel electric engines which will be significantly more efficient than steam turbines thereby reducing fuel costs materially. The new engines will also have lower emission levels of pollutants and CO2,

Chairman John Fredriksen says in a comment: "The supply / demand balance for LNG shipping looks increasingly attractive. It is clear from the continued strong global LNG demand and supply growth that a significant amount of new infrastructure, including shipping, will be required over the coming years.

Related news

Latest news

Light control for increased fish welfare

Aurora SUBLed Combi 1350 is a dimmable underwater light with a unique combination of blue, green and ultra violet LED light in one unit.

SAR Celebrates 2nd anniversary in Kuwait

SAR Celebrates 2nd anniversary of operation in Kuwait.

SAR AS Celebrates 30 years of operation!

The history of SAR goes 50 years back to the late 1960s with the company Septik Tank Co. 

Ready to conquer the world with Hansen Protection Helicopter pilot suits

In 2017, for the first time in the history of helicopter sport, the World Cup in Helicopter Races is going to be held. It is going to take place in 7 countries, and starts on Friday April 7th in Konakovo, Russia.

SeaBass Fisherman's Work / Flotation Suit

SeaBass is a waterproof, buoyant work suit for anyone working on or around water.

Improved Surface Rescue Preparedness can Save Lives

A significant part of the Norwegian fire and rescue services lack good apparel for use in surface rescue operations. This can mean the loss of valuable time in rescue operations in water, and experts now call for a change ...

Historical contract for Norwater AS!

The excitement was at its height at Norwater AS in Høylandsbygd on Wednesday last week. The company signed its biggest contract in history, in strong competition with both Norwegian and foreign competitors. The order book ...

Export Credit Norway Finances Production of Ready-to-use Therapeutic Foods in South Africa

Since being founded in 1948, the Norwegian company GC Rieber Compact has developed into a leading supplier of ready-to-use therapeutic foods to customers such as Doctors Without Borders, the Red Cross, the World Food Progr...

Peru Corporate Day

On 26th September, Oslo Chamber of Commerce will for the first time receive a technological business delegation from Peru to Norway, led by PROMPERÚ.