Hyundai Heavy Industries has secured an order to build four 14,000 DWT LNG fueled Aframax tankers for Sovcomflot, Korean media reports. The order is subject of the joint “Green Funnel” project with Shell Gas & Power (Shell).
The vessels will be the first large vessels in the world to run on LNG and will displace 114,000 deadweight tons each. The entire order worth is expected to be around US$240 million. Furthermore, the tankers will be eco friendly, targeting to reduce greenhouse gases, such as nitrogen oxide and carbon dioxide. The vessels are said to be used by Shell to transport Russian crude oil.
The first ship will be delivered to Sovcomflot in the third quarter of 2018.
Hyundai Heavy has also said that the latest order was helped by it moving to create a joint company with Russia’s Far Eastern Shipbuilding and Ship Repair Center. The tie-up being pursed calls for joint projects in the designing of commercial vessels and shipbuilding support.
