Hyundai Mipo Dockyard Delivers World’s Largest LNG-Fueled Bulk Carrier

Photo credit: Lloyd’s Register

Sout Korea’s Hyundai Mipo Dockyard has delivered the world’s largest LNG-fueled bulk carrier. 

The 50,000 dwt vessel was ordered in 2016 by Ilshin Logistics in collaboration with steelmaker POSCO. It features a new cryogenic Type ‘C’ LNG fuel tank made of high-manganese steel developed by POSCO and approved by international classification society Lloyd’s Register.

Upon entering service, the ship will be used to transport limestone cargoes in the Korean coastal trade on behalf of POSCO.

The vessel is the result of a collaboration project, announced in July 2016, to develop the first in a new generation of environmentally-friendly LNG-fuelled bulk carriers. The project has been described as a key milestone in efforts to support wider adoption of LNG as fuel. 

The vessel is under dual-class by both Lloyd’s Register (LR) and Korean Register. It has been verified to be in compliance with the International Gas Fuel (IGF) Code and been certified for High Manganese Steel Welding Consumables, Welding Procedure Approval and Material Approval.

JT Lee, LR’s Chief Representative & Marine Manager for Korea, commented: “I am very excited and proud to see the successful delivery of the world’s first 50,000 dwt LNG-fuelled bulk carrier with contribution from LR for the certification and approval. This outstanding achievement is also attributed to a concerted effort between industry partners, with their pioneering spirit and tenacity. The successful delivery of the vessel should be a significant indication to the market of a reasonable and solid solution to the preparation for emission compliant eco-friendly designs.”