South Korean shipbuilding company STX Offshore & Shipbuilding Co. on Tuesday (6 October) reportedly said it has completed the design of a 7,500 cubic meter (m3) capacity liquefied natural gas (LNG) bunkering vessel.
It noted the project was co-developed with the government backed Korea Research Institute of Ships & Ocean Engineering (KRISO).
Manifold Times in early June reported the South Korean Ministry of Trade, Industry and Energy (MOTIE) stating it will grant a business KRW 15 billion (USD 12.4 million) to build a 7,500 m3 capacity LNG bunkering vessel capable of ship-to-ship bunkering operations.
MOTIE aims to bunker 700,000 metric tonnes (mt) of LNG by 2022, and 1.3 million mt by 2030.
Editor: It is unclear if both projects from STX Offshore & Shipbuilding and MOTIE are linked, apart from the similar 7,500 m3 capacity of both LNG bunker tankers.
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