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Hyundai Mipo Dockyard secures $61 million order for LNG bunkering vessel

20 Nov 2019

Hyundai Mipo Dockyard on Tuesday (19 November) said it has entered into a KRW 71.7 billion ($61 million) newbuilding order for a liquefied natural gas (LNG) bunkering vessel with an unidentified Asian shipping company.

Construction for the 18,000 cubic meter (m3) capacity LNG bunkering vessel includes option for another vessel; work to start building the ship will begin from December 2020 with delivery scheduled by January 2022.

The LNG bunkering vessel will have a length of 166m, width of 24.4m and height of 12.9m.It is equipped with an LNG dual fuel engine, which minimises energy consumption by using boil-off gas.

In addition, the vessel is equipped with an Azimuth Thruster which can generate propulsion in all directions.

Hyundai Mipo Dockyard last year received the first order of a 7,500 m3 capacity LNG bunkering ship from Bernhard Schulte.

“Due to the strengthening of IMO marine environment regulations, the number of vessels using eco-friendly LNG as the main fuel is increasing, and the demand of LNG bunkering vessels to supply LNG fuel at sea is expected to increase,” it states.

Korea Line Corporation, in a separate announcement, on Friday (15 November) said it will approach a shipyard to construct a LNG bunkering tanker after signing a long term charter agreement with Shell Western LNG BV.

Related: Korea Line Corporation charters LNG bunkering tanker to Shell Western LNG

Published: 20 November, 2019

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