HHI wins LNG carrier order

Korea's Hyundai Heavy Industries (HHI) recently announced it was awarded a $600 million contract to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Dynagas Ltd., Athens, Greece.

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 HHI’s long-term strategy for the expected increase in demand for LNG carriers and LNG FPSOs, it has been actively developing a special welding system that can work on the thick aluminum plates used for the LNG tanks.

May 31, 2011