rss icon Subscribe
desktop mobile

Hyundai Wins New Order for LNG Vessel

Image: Hyundai Heavy Industries

Laxman Pai

South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has won an order for a 174,000 cbm liquefied natural gas (LNG) carrier.

With the latest contract with a Greek shipowner, the shipbuilder has secured five orders in two weeks, worth a total 700 billion won ($616 million).

According to HHI, the latest LNG carrier newbuild will be equipped with a Hi-ALS air lubrication system on the bottom of the hull to improve fuel consumption. The air lubrication system is expected to cut fuel consumption by eight percent.

A report in Korea Times, earlier this month, Hyundai Heavy won orders to build an LNG carrier from a Japanese shipping company, followed by a contract to build an LPG carrier from a Korean shipping company and a contract to build two oil tankers for a Greek company.

Clarksons Research, the volume of new orders of compensated gross tonnage (CGT) rose 14 percent to 32.2 million in 2018 from the previous year. This trend is expected to continue, with the volume of new orders expected to reach 44.6 million CGT in 2023.

According to a DNV GL forecast, LNG as ship fuel is expected to take up 12% of shipping's energy mix by 2030 before increasing further to 23% by 2050.

Apr 16, 2019

 

Shipbuilding

Fincantieri, Naval Group Create JV

©A.DELUC SIRPA MARINE

Fincantieri and Naval Group signed the Alliance Cooperation Agreement, which sets out the

GD NASSCO to Christen Matson Containership

General Dynamics NASSCO will hold a special event to christen and launch the containership Lurline on Saturday, June 15.  Lurline is an 870-foot-long, 3,500 TEU, 44,200 dwt

French, Italian Shipbuilders Forge Naval Alliance

(Photo: Fincantieri)

France and Italy forged a military shipbuilding alliance on Friday, as state-controlled Naval

LNG

GasLog Partners Wins Gunvor Charter

Pic: GasLog Partners

The liquefied natural gas (LNG) tanker partnership GasLog Partners announced today that one of its

DSME Wins LNG Ship Order from Maran Gas

Image: Daewoo Shipbuilding & Marine Engineering Co

South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co (DSME) said  that it has won a

Elenger Begins LNG bunkering in Helsinki

Image: Eesti Gaas

Elenger, the subsidiary company of the Eesti Gaas group operating in foreign markets

Maritime Apps