Hyundai Heavy Industries has won a US $600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd.
These membrane-type LNG carriers are due for delivery in the second half of 2013. They will feature the Dual Fuel Diesel Engine System which allows the ship to run on oil fuel or natural gas. Due to tightening global regulations on carbon emissions, increasing demand for LNG as an alternative energy source after Japanese nuclear crisis, and price competitiveness of LNG in comparison with oil prices, Hyundai Heavy expects to see more liquefied natural gas carrier orders in the future.
As a part of the HHI’s long term strategy for the expected increase in demand for LNG carriers and LNG FPSOs, Hyundai Heavy has been actively developing a special welding system that can work on the thick aluminum plates used for the LNG tanks.
Winning this order brings Hyundai Heavy’s total new orders in shipbuilding and offshore & engineering divisions so far this year to 42 ships worth of USD 10.5 billion, or 53% of the new order target of US $19.8 billion.
Pictured: The LNG Carrier Abdelkader built Hyundai Heavy and selected as one of the world’s best ships in 2010.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,771 members that receive our newsletter.
Have a news tip? Let us know.
In a move that could redefine the global energy landscape and eventually bring emissions-free energy to shipping, Rolls-Royce has inked a deal with the Czech Republic to deploy its next-generation...
LONDON, Sept 19 (Reuters) – The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, industry officials said. Nevertheless,...
Mitsubishi Shipping Co. has begun demonstrating an ammonia handling system to help aid the use of ammonia as a marine fuel. The Mitsubishi Ammonia Supply and Safety System (MAmmoSS) is...
Maritime and offshore news trusted by our 109,771 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
