File photo
South Korea’s Ministry of Oceans and Fisheries has announced a pilot program to build the world’s largest LNG-powered ship.
The Ministry said Monday it would join forces with local shipyards and other organizations to develop a class of 180,000 gt vessels to be powered by clean-burning liquefied natural gas. The Ministry did not provide additional details regarding the type of ship.
“This pilot program is aimed at building the world’s largest LNG-propelled ship, which is expected to pave the way for related industries to take root in the nation,” said Kang Joon-suk, the Vice Marine Minister.
“We will expand support for LNG-powered vessels to help benefit the nation’s overall marine industry,” he said.
On Tuesday, South Korea’s top steelmaker POSCO, along with state-run Korea Gas Corporation, and the Korea Development Bank, were expected to sign an agreement with the Ministry of Oceans and Fisheries launching the pilot program.
The pilot program comes amid increasingly tighter international and localized regulations targeting ship emissions.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
For a decade, LNG has been sold to shipowners as the sensible bridge fuel. Cleaner than heavy fuel oil, widely available and backed by mature engine technology, it has won...
By Nandita Bose and Timothy Gardner Oct 2 (Reuters) – US President Donald Trump said on Friday he did not “jump the gun” on announcing a South Korean investment in Alaska LNG, a liquefied...
President Donald Trump could unveil plans as soon as Wednesday to tap South Korea's pledged strategic investment package for about $54 billion to build a liquefied natural gas facility in Alaska and several other major US projects, according to two people familiar with the discussions.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
