Tanker loading contract

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Aker Kvaerner has been awarded a contract with South Korea’s Samsung Heavy Industries for delivery of bow loading systems for three new shuttle tankers.

has been awarded a contract with

in South Korea for delivery of bow loading systems for three new shuttle tankers able to operate in arctic conditions.

Another contract for delivery of two additional systems has also recently been signed with a Norwegian shipowner. The total contract value for the two contracts is approximately NOK 50 million. The equipment will be delivered from Aker Kvaerner's business unit Aker Kvaerner Pusnes in Arendal, Norway.

The contract with Samsung involves supply of bow loading equipment, for offshore loading, for three shuttle tankers to be built at Samsung Heavy Industries for the Russian ship owner Sovcomflot.

Leif Haukom, President of Aker Kvaerner Pusnes, commented: "The award of the contract with Samsung confirms the growing need for this new type of inboard bow loading system as more oil and gas fields are developed in arctic areas. This type of equipment was first delivered in 2005 to Hyundai Heavy Industries' five shuttle tankers for ExxonMobil's Sakhalin project in northeastern Russia".

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