Energy Capital & Power

Construction Begins on Sonangol’s Second Suezmax Tanker

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Sonangol. Image credit_Flickr

Angola’s national oil company Sonangol announced the start of construction on its second Suezmax tanker, as part of a two-part contract previously awarded to Hyundai Samho Heavy Industries in Korea.

Construction of the first tanker is currently 45% complete, with both tankers expected to be delivered by September 2023. The Suezmax tankers will be capable of transporting one million barrels of oil, with a gross tonnage of approximately 158,000 metric tons.

The contract is aligned with Sonangol’s plans to renew its maritime fleet and strengthen its shipping and trading unit, which represents one of its core business units.

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Grace Goodrich

Grace Goodrich

Grace Goodrich is a Publications Editor at Energy Capital & Power, where she writes about the intersection of energy, policy and global finance in sub-Saharan Africa's fastest-growing economies. Grace produces our Africa Energy Series investment reports in Angola and Equatorial Guinea (2019), as well as co-authored African Energy Chamber: Road to Recovery (2021).