Scorpio Tankers orders five product tankers at Hyundai Mipo
Scorpio Tankers Inc. has signed contracts with South Korean shipbuilder Hyundai Mipo Dockyard Co. Ltd. to construct five 52,000 DWT product tankers for approximately $37.4 million each, MarineLog reported.
The vessels will be the first to be delivered from the Hyundai Group with new propulsion technology including ultra-long stroke electronically controlled main engines. The enhancements are expected to reduce the vessels' consumption of fuel by approximately 10% compared to existing designs. The vessels are scheduled to be delivered to the company between August 2012 and November 2012.
Emanuele Lauro, the chief executive officer and chairman of the board commented, "These newbuilding contracts represent a milestone for Scorpio Tankers. We are delighted by the cooperation of Hyundai Mipo Dockyard to achieve a design that includes the latest technology available to reduce air emissions, improve fuel consumption, and raise the safety and commercial profile of the vessels."
The vessels will be the first to be delivered from the Hyundai Group with new propulsion technology including ultra-long stroke electronically controlled main engines. The enhancements are expected to reduce the vessels' consumption of fuel by approximately 10% compared to existing designs. The vessels are scheduled to be delivered to the company between August 2012 and November 2012.
Emanuele Lauro, the chief executive officer and chairman of the board commented, "These newbuilding contracts represent a milestone for Scorpio Tankers. We are delighted by the cooperation of Hyundai Mipo Dockyard to achieve a design that includes the latest technology available to reduce air emissions, improve fuel consumption, and raise the safety and commercial profile of the vessels."