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HHI bags $850m deal with Petronas to build four LNG carriersHHI bags $850m deal with Petronas to build four LNG carriers

South Korea's Hyundai Heavy Industries (HHI) has grabbed a $850m order to build four 150,000 cu m moss type LNG carriers from Malaysian oil firm Petronas.

Lee Hong Liang, Asia Correspondent

October 11, 2013

1 Min Read
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The contract includes an option to order four additional similar class LNG carriers. The new double-hulled LNG carriers are slated to be delivered from the second half of 2016.

“We see this order as the first of many for LNG carriers as regulations for carbon dioxide emission tighten and demand for LNG increases as an alternative energy source,” said Ka Sam-hyun, executive vice president of HHI's shipbuilding division.

The tankers will be constructed with four independent self-supporting spherical tanks for higher performance when loading and unloading cargoes, and have greater resistance to sloshing forces compared to membrane tank system, according to HHI.

HHI claims that it is the only Korean shipbuilder that can build moss type LNG carriers. The Ulsan-based shipyard has built 15 moss type LNG carriers since 1994.

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About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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