| Code: 147449 |

TINNews |

Singapore-based Sembcorp Marine and Houston-based SeaOne Caribbean LLC (SeaOne) have inked a letter of intent (LOI) for the design and construction of at least two large Compressed Gas Liquid (CGL) carriers. These vessels will be deployed for SeaOne’s Caribbean Fuels Supply Project.

Under the deal, Sembcorp Marine will provide design for the neo-panamax CGL carriers based on SeaOne’s single gas and liquids cargo delivery requirements. Front-end engineering design (FEED) studies for the project are in progress.

The 366m long, 2 billion cubic feet (Bcf) capacity carriers will be equipped with SeaOne’s CGL technology and systems. They will transport CGL cargos to receiving terminals in the Caribbean, Central and South American regions, from a CGL production facility now under construction at the Port of Gulfport in Mississippi, USA.

The CGL carriers will also run on IMO Tier III diesel engines with a maximum sailing speed of 20 knots. They will be ABS-classed and under the Marshall Islands flag.

    “The Caribbean Fuels Supply Project is certainly an industry game-changer,” SeaOne Chairman and CEO Forrest Hoglund said. “Supported by the Sembcorp Marine-built large  CGL carriers, it will, for the first time, provide to the region the lowest cost of fuel while reducing emissions substantially. This will have a significant positive impact on current socioeconomic benefits to the region.”

 

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