South Korea will be operating a liquefied petroleum gas (LPG) fuelled ferry by 2019, says the Korea LPG Association.
The association and other parties are developing the vessel to operate as a passenger car ferry cruising between Korean domestic ports and Korea-China or Korea-Japan routes.
The shipbuilding contract will be signed during the first quarter of 2018, with delivery scheduled for the following year.
“The LPG fuelled ship is eco-friendly as its emission of NOx, SOx, and PM is 80% lower than conventional ship burning heavy fuel oil,” it says.
“Additionally, the gas turbine engine’s weight and volume are much smaller than conventional diesel engines, which allows for flexible design, improved energy efficiency, all translating to the reduction of operating costs.”
The Korea LPG Association on 25 January entered into a “LPG Ship Bunkering Hub and Infrastructure Development” memorandum of understanding (MOU) with a variety of maritime organisations.
The MOU include entities such as gas turbine engine technology firm GE, LPG ship project firm Hyun-Seong MCT, operator YoungSung Global, ship designer Far East Ship Design & Engineering, ship manager Dintec, fuel gas system supplier FGSS, class society Bureau Veritas and shipyard Yuil.
Photo credit: Korea LPG Association
Published: 30 January, 2018
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Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
Maersk, CMA CGM, BP and Stena Bulk give insights on availability of the three potential bunker fuel types, their plans, transition from fuel oil and LNG to alt fuels, how important sustainable marine fuels are to shipowners and more.
