Euronav takes delivery of Korea’s first VLCC built to new Common Structural Rules

Antwerp-based Euronav has taken delivery of the first VLCC built to the industry’s new Common Structural Rules (CSR) by Hyundai Heavy Industries (HHI) in Korea.

The 318,000DWT ‘Olympia’, constructed to Lloyd’s Register class, is the first of two sister-ships being built by Euronav at HHI to advanced environmental protection and safety standards for deployment in the demanding oil transportation industry. The ‘Olympia’ has a length of 319 metres, a breadth of 60 metres and a moulded depth of 27.8 metres, with engine power of 29,340kW. “As the first VLCC built in Korea to CSR, ‘Olympia’ is a milestone in the drive towards the construction of ever-safer tankers,” said Marinos Syrigos, Site Manager for Euronav Ship Management (Hellas). Euronav has selected a higher standard of bridge layout and visibility and achieved the requirements of NAV1 notation from Lloyd’s Register to improve the safe operation of the vessel, choosing advanced technical features which are expected to prove particularly valuable in the increasingly congested waters of the world’s major trade lanes. According to Lindsay Butler, the Project Manager for Lloyd’s Register Asia, the delivery of the Olympia has ushered in the next generation of tankers from Korean shipyards, ships built under CSR rules that offer the technical advances and innovation required by the industry and society at large.

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