ABB wins marine order worth $58 million

Energy-efficient and environmentally friendly propulsion for new LNG transport vessels, to be built by Samsung Heavy Industries in South Korea

Houston, TX, Nov.18, 2010 - ABB, the leading power and automation technology group, recently won an order worth $58 million to provide complete power and propulsion systems for six new LNG (liquefied natural gas) transport vessels to be built by Samsung Heavy Industries (SHI) at its shipyard in South Korea. The order was booked during the third quarter of 2010.

Samsung Heavy Industries is one of the world’s leading builders of advanced high-end vessels for the Oil and Gas industries.

ABB will supply complete electrical systems for the ships; the delivery includes power generation and distribution systems, electric propulsion as well as the propulsion control systems, and related engineering services.

ABB’s proven solutions for electrical powered LNGs provide these vessels with a high level of redundancy and reliability, in order for the vessels to be safely operated even with potential failures occurring. The electric propulsion concept combined with the dual-fuel engines ensures full flexibility to utilize various types of fuels. This flexibility enables the vessel to optimize their fuel selection, energy efficiency and fuel consumption while achieving the lowest possible emission levels when compared to traditional diesel mechanical systems.

Our long history of excellent collaboration with Samsung Heavy Industries, ability to deliver, and commitment to helping them achieve their business targets helped us to win this important order,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division. “ABB’s strong in-house portfolio of quality products, proven project performance and excellent track record of delivering energy efficient, reliable solutions for our marine customers were also important considerations.”

Scheduled to be commissioned from 2012 through 2015, the ships will be used by several major oil and gas industry end customers to transport liquefied natural gas. The global demand for LNG is increasing as a low emission, clean energy source for use in industrial, commercial and residential applications.

ABB’s Process Automation division delivers integrated automation solutions for control, plant optimization, and industry-specific application knowledge and services to help process industry customers worldwide improve their energy efficiency and meet their critical business needs in the areas of operational profitability, capital productivity, risk management and global responsibility. These industries include oil and gas, power, chemicals and pharmaceuticals, pulp and paper, metals, minerals, cement, marine and turbocharging.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people.

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