Tue 23 May 2017, 08:35 GMT

SHI wins order to build LNG bunkering vessel


7,500-cbm vessel to be built for Korea Gas Corporation (Kogas).



Samsung Heavy Industries (SHI) has won an order to build two small-scale liquefied natural gas carriers (LNGCs), one of which is to be constructed to carry out LNG bunkering.

Both 7,500-cubic-metre (cbm) vessels are to be built for Korea Gas Corporation (Kogas) and used for the transportation of LNG from Tongyeong, Gyeongsangnam-do, to Jeju Island. The total value of the order is approximately $100 million.

The LNG vessels are to be equipped with a KC-1 cargo containment system designed in Korea.

"The contract is a significant milestone for SHI, developing a leading track record in KC-1 LNG carriers, as well as expanding into small-scale LNGCs and LNG bunkering vessels," SHI said.

SHI says it has won a total of $2.3 billion worth of orders so far in 2017, including eight tankers, two LNGCs, one LNG-FSRU, and one floating production unit (FPU).

Last year, Bunker Index reported that Kogas was one of 14 organizations to sign a three-year cooperation agreement to provide LNG bunkering to the South Korean port of Ulsan.

Back in 2015, South Korea's Ministry of Trade, Industry and Energy (MOTIE) said it intended to build LNG bunkering terminals at some of its key ports, and to win 70 percent of worldwide orders for dual-fuel tankers over the next decade.

South Korea is the world's leading shipbuilding nation. The top three vessel constructors - Hyundai Heavy Industries Co Ltd, Samsung Heavy Industries Co Ltd and Daewoo Shipbuilding & Marine Engineering Co Ltd - are all South Korean firms. The Asian country is also the world's second-largest LNG importer after Japan.


TFG Marine mass flow meter (MFM). TFG Marine fits two more US Gulf Coast barges with certified mass flow meters  

TFG Marine expands its mass flow meter rollout on the US Gulf Coast, adding ISO 22192 certification to two supply barges.

Hercules Vanessa vessel. HTM’s Hercules Vanessa begins maiden voyage as Ultra-Spec tanker series expands  

Vessel is the latest addition to Hercules Tanker Management’s 10-ship next-generation fleet renewal programme.

Steel-cutting ceremony for TRAnsverse 2600e vessels. Cochin Shipyard begins construction of Svitzer’s battery-electric tugs in India  

Four TRAnsverse 2600e vessels are claimed to be among the most advanced green tugs under construction globally.

TT-Line Green Ship 2.0 illustration. MacGregor wins ro-ro equipment contract for TT-Line’s battery-hybrid LNG ferries  

Company to supply cargo handling systems for two new LNG-powered ferries destined for Baltic Sea routes.

IAEA ATLAS initiative launch. Nuclear-powered commercial shipping moves closer to reality after Washington summit  

IAEA launches ATLAS initiative to tackle regulatory and commercial barriers to maritime nuclear deployment.

Vessels equipped with K-Sail render. Norwegian consortium launches WINTEGRATE project to advance wind-assisted ship propulsion  

A NOK 68m research initiative aims to integrate wind propulsion with onboard ship systems.

Ro-Pax ferry render. ABB wins power, propulsion and automation contract for New Zealand’s new Cook Strait ferries  

Two new ro-pax ferries featuring Azipod propulsion will operate the Wellington–Picton crossing from 2029.

Everllence ME-LGIMe engine render. Everllence completes R&D testing for world's first ethanol-powered very large ore carrier engine  

G80 tri-fuel engine is bound for a Vale-chartered ore carrier, with delivery set for early 2027.

Auramarine team. Flexibility, not fuel choice, is key to energy transition, says Auramarine  

Finnish fuel supply systems company argues adaptability now outweighs commitment to any single fuel.

Way Forward render. Wallenius to fit wing sails on car carrier in first commercial wind propulsion step  

Two wing sails ordered for installation on vessel said to already hold the top CII rating.