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SAFETY4SEA

HHI to lead LNG-fueled ships market

by The Editorial Team
December 19, 2017
in Fuels
korean shipbuilders

Above image is used for illustration purpose only

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Hyundai Heavy Industries (HHI) is currently preparing to enhance its efforts to lead the LNG-fueled ship market, while trying to comply with tougher global environmental regulations.

HHI wants to lead the eco-friendly ship market, by ordering numerous LNG carriers. Namely, Hyundai Mipo Dockyard won an order for a 50,000-ton LNG bulk carrier in 2016, while Hyundai Samho Heavy Industries will build six units of the world’s first LNG-powered VLCC.

Moreover, the company released an announced on December 17, stating that it held a technology briefing session regarding an LNG-fueled bulk carrier of its own development for nine Korean shipping companies, such as Korea Line, Polaris Shipping, H-Line Shipping and SK Shipping.

The new LNG-powered vessels will be designed as 180,000-ton and 250,000-ton class bulk carriers.

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These features are in compliance with all of the IMO’s stricter environmental regulations, aiming to reduce sulfur oxides (SOx), nitrogen oxides (NOx) and carbon dioxides (CO2) up to 99%, 85%, and 25%, respectively, local media reported.

As a result, more and more operators want to use LNG-based facilities, which had been applied to some of existing LNG carriers, oil tankers, containerships and bulk carriers.

According to a recent SMM Maritime Industry Report, 44% of the total shipowners are considering to operate LNG-powered carriers when placing new orders.

HHI to lead LNG-fueled ships marketHHI to lead LNG-fueled ships market
HHI to lead LNG-fueled ships marketHHI to lead LNG-fueled ships market
Tags: alternative fuelsCO2HHILNG infrastructureNOxreducing shipping emissionsSOx
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