Friday, September 20, 2019
Samsung Heavy Industries Strikes Deal on Designing Icebreaking LNG Carriers with Russia
Poised to Win Order for 15 Icebreaking LNG Carriers
Samsung Heavy Industries Strikes Deal on Designing Icebreaking LNG Carriers with Russia
  • By Michael Herh
  • September 5, 2019, 13:13
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Nam Joon-woo (left), president of Samsung Heavy Industries and Constantine Laptev, an executive of Rosneft, the parent company of Zvezda Shipyard, sign a design contract on the Arctic LNG 2 Icebreaking LNG carrier.

Samsung Heavy Industries has been selected as a technical partner in building an icebreaking LNG carrier for the Russia’s Arctic LNG2 Project. As a result, Samsung Heavy Industries has secured a big advantage in landing an order for 15 polar icebreaking LNG carriers that Russia is expected to build in the future.

Samsung Heavy Industries has signed a design contract on an icebreaking LNG carrier with Russian state-owned shipyard Zvezda at the 5th Eastern Economic Forum in Vladivostok, Russia. Under this contract, Samsung Heavy will design an LNG carrier that uses LNG as its main fuel and produces 45 kW of electricity, which matches the level of a nuclear-powered icebreaker, and safely transports LNG while breaking ice up to 2.1 meters thick even under extremely low temperatures of 52 degrees Celsius or lower.

"The company’s selection as a technology partner is significant as it is a signal that we will participate in the construction of about 15 large-scale polar icebreaking LNG carriers to be ordered by Russia in the future," a company official explained.

Samsung Heavy Industries pioneered production of icebreaking merchant ships by winning the world's first two-way icebreaking oil tanker in 2005, and won an order to build the world's first polar drillship in 2008. As you see, the company has secured proven icebreaking and cold protection technology. In addition, its ability based on its experience of having built over 140 LNG carriers played a big role in Rosneft’s selection of Samsung Heavy Industries as its technological partner.

On the other hand, Samsung Heavy Industries is drawing much attention as it is aggressively penetrating into the Russian market such as finalizing the establishment of a joint venture for the construction of shuttle tankers and technical support with Zvezda Shipyard. Samsung Heavy Industries currently holds a 43 percent share of the world shuttle tanker market by having landed orders for 60 of 138 units ordered by the world.