Press Release – Bureau Veritas (BV), a world leader in testing, inspection, and certification, has delivered an Approval in Principle (AiP) to Hyundai Heavy Industries Co., Ltd. (HHI) and Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE) for its innovative design and development of an ammonia carrier with ammonia-fuelled propulsion. The certificate was delivered to Dong Jin Lee, Vice President of HHI by Matthieu de Tugny, President of Bureau Veritas Marine & Offshore, at a ceremony on BV’s Gastech exhibition stand in Dubai.
The design was developed to ensure its compatibility with the existing infrastructure for ammonia, while also reflecting the market’s demand for very large gas carriers (VLGCs). The vessel will be 227m long, 36.6m wide, and 23.6m deep – similar dimensions to that of the HHI 91K VLGC design. It will be equipped with four (4) prismatic-type cargo tanks with a total capacity of 91,000 cubic meters. This design was optimised for the safe and efficient carriage of ammonia as a single cargo, thereby maximising competitiveness for shipowners, both in terms of CAPEX and OPEX.
This innovative design builds on HHI’s expertise and experience with the transport of liquefied petroleum gas (LPG), ensuring the safety of vessel and crew, managing the toxicity of ammonia, and supporting stable global supply chains. It will help HHI secure a leading position as a provider of ammonia propulsion technologies, as interest for ammonia as a marine fuel continues to grow worldwide.
Ammonia is one of the main alternative fuel options currently considered by shipping for net zero operations, in line with the targets set up by the International Maritime Organization (IMO) to reduce greenhouse gas (GHG) emissions in the maritime sector by 2030 and 2050.
Won Ho Joo, Senior Executive Vice President and Chief Technical officer of HHI, said: “We are pleased to leverage our expertise towards the green transition pathway for the decarbonisation of maritime transport, in line with our continuous commitment as a leader in the shipbuilding industry. We also promise that HHI Group will continue to encourage new value creation to lead the market, satisfying customers’ desire for maximizing their profits with the achievement of ‘GHG zero emission’.”
Matthieu de Tugny, President of Bureau Veritas Marine & Offshore commented: “Bureau Veritas is proud to partner with Hyundai Heavy Industries Co., Ltd on the development of this innovative design of an ammonia carrier with ammonia fuel propulsion. Today’s announcement demonstrates this is a feasible solution that will support our journey towards net zero carbon shipping. We are delighted about the positive outcome of this partnership, and we are excited to see this cooperation paving the way for further successes for both HHI and BV in technology development for newbuild market.
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About Hyundai Heavy Industries Co. Ltd. (HHI)
Hyundai Heavy Industries Co., Ltd. was established in 1972 with the founding philosophy of creative wisdom, positive thinking, and unwavering drive. It completed construction of the world’s largest shipyard and two VLCCs all at the same time in 1974 and has ranked World’s No. 1 shipbuilder since 1983. The company became the integrated heavy industry company by expanding its business to offshore & engineering and engine & machinery with the accumulated experience and cutting-edge technology.
HHI Shipbuilding Group is a leader in the global shipbuilding industry and has come a long way in in pursuit for providing a “BETTER THAN THE BEST” solution for all types of ships and tailored to meet clients’ needs. HHI Shipbuilding Group is a well-established player in their market and will create more value to our clients by leveraging a vast array of the most advanced production facilities and engineering capabilities and sharing technological innovations
About Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE)
HHI Group launched Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE) to control the group’s shipyards in June 2019. Having shifted into a holding structure with KSOE at the center, HHI Group’s shipbuilding sector aims to evolve into a technology-oriented group in the shipbuilding and offshore business equipped with world-class R&D and engineering capabilities.
At KSOE’s Advanced Research Center, we are focused on developing innovative technologies that will drive future growth and elementary technologies common to all entities within the group. Our particular focus lies on securing innovative ship technologies of a new concept and future source technologies.
- Fundamental Technology Research Institute : propulsion system packages and the next generation ships where new technologies are applied
- Energy System Research Institute : LNG systems, high-efficiency propulsion systems and eco-friendly solutions
- Digital Technology Research Institute : hybrid electric propulsion, auto-navigating system and digital twin technologies
- Production Technology Research Institute : smart production systems and novel production technologies where new materials and new construction methods are applied
About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has 78,000 employees located in more than 1,600 offices and laboratories around the globe. Bureau Veritas helps its clients improve their performance by offering services and innovative solutions, in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
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