The vessel will be equipped with an electronic main engine with high-pressure selective catalytic reactor (HPSCR) for Tier III (NOX emissions) compliance, exhaust gas cleaning system (EGCS) for Tier II (NOX emissions) compliance, and ballast water treatment system (BWTS).
Andreas Michalopoulos, the company’s CEO, stated: “We are pleased to have secured one of the remaining delivery slots for LR2/Aframax tankers with a 2025 delivery date. Construction of this LNG ready product/crude oil tanker, featuring the latest high specification engine and emission requirements, and fitted with a scrubber and a water ballast treatment system, will take place at the largest and most reputable state-owned shipyard in China. This contract is consistent with our view that historically low tanker fleet growth in the next few years and an ageing fleet during a high seaborne trade demand period will result in sustainably strong fundamentals and higher asset values.”
