Wins major mooring contract in the LNG market
DSME in South Korea has awarded Scana-owned Seasystems AS a contract for the delivery of mooring equipment and analysis for two floating storage units (FSUs) for LNG.
“This is a major contract for us, and it once again confirms the leading expertise our engineers have in robust and cost-effective mooring systems. We are, of course, very pleased and proud that a large and well-recognized shipyard like DSME sees the value of our expertise and solutions and places their trust in us for this project,” says Torkjell Lisland, CEO of Seasystems AS.
Positive development
The physical delivery from Seasystems includes 72 so-called hull brackets and chain stoppers. DSME will install these on two floating storage units (FSUs) currently under construction at the yard. Production of the hull brackets and chain stoppers is scheduled to begin in November. Deliveries to DSME will start in February 2021 and continue throughout the year.
Seasystems is also delivering the necessary analyses required for the mooring system to be approved in accordance with classification standards. The system to be delivered to DSME is based on technology the company already supplies to the aquaculture industry, floating wind power, and the oil sector.
“The contract shows that even though we are a smaller company, we offer technological product solutions that are attractive across a broad range of market segments. It once again confirms that we are achieving our strategic goals through hard work and strong partnerships,” says Lisland.
He adds that Front Energy, a company based in Arendal, played a key role in securing the agreement with DSME.
Ambitions in the green transition
Seasystems has a clear strategy to become a major player in its segment within the green transition.
“The shift to green energy takes time. Many view gas as an intermediate phase, so naturally, contracts in the LNG segment are welcome while we wait for the green transition to truly gain momentum,” says the CEO.
About Seasystems AS
Seasystems AS delivers robust and cost-effective mooring system solutions for the oil & gas, aquaculture, and floating wind industries. The company is headquartered in Vestby, Norway. Seasystems is wholly owned by Scana ASA, which is listed on the Oslo Stock Exchange (OSEBX).
