HHI, POSCO sources local materials to build LNG bunker fuel tanks
- Published
by Admin
Ulsan-based shipyard Hyundai Heavy Industries (HHI) and Pohang-based steel-making firm POSCO on Thursday (26 September) said they intend to build future liquefied natural gas (LNG) bunker tanks from locally sourced materials.
To date, HHI has received 9% nickel steel from overseas steel companies; however, the shipyard has recently entered an agreement with POSCO to use the similar steel grade to construct LNG bunker tanks for a 180,000 dwt vessel.
The 180,000 dwt LNG-propelled bulk carrier will be delivered to ship owner H-Line Shipping in November 2020.
“It is significant to localise the entire process from designing, supplying and manufacturing of LNG tanks,” said a HHI official.
A POSCO official said, “Steel companies are also striving to develop eco-friendly marine products in line with stricter environmental regulations.”
HHI similarly worked with POSCO to use locally produced ‘High Manganese Steel’ to construct LNG-propelled vessels built by Hyundai Mipo Dockyard last year, it said.
The 100th Maritime Safety Committee (MSC) at the International Maritime Organization (IMO) approved Interim guidelines for applying POSCO-developed high manganese austenitic steel to LNG storage and fuel tanks last year.
Related: MSC approves POSCO steel product for LNG fuel and storage tanks
Related: South Korea: POSCO starts S31254 steel production for scrubbers
Photo credit: Hyundai Heavy Industries
Published: 30 September, 2019
