Hyundai Heavy Industries Group (HHI) and its affiliated shipyard Hyundai Samho Heavy Industries (HSHI) have won contracts to build five membrane-type liquefied natural gas (LNG) carriers, all powered by dual-fuel engines, which allows the ships to run either on marine diesel or natural gas. Reported by Korea’s Energy and Environment News, the sum of orders exceeds $1 billion.
An order placed by Brunei’s state-run gas company is for one LNG-powered LNG carrier with capacity of 155,000 m3, worth $210 million.
Also, Maran Gas Maritime Inc., the Gas Shipping unit of the Angelicoussis Shipping Group Limited (ASGL), placed an order for four 174,000 m3 dual-fuel carriers, with an option to add two more carriers. The four vessels will be built at a cost of $840 million.
The vessels are scheduled for delivery 2015-2016 and mark the increasing interest in natural gas fuel for marine propulsion, with the increasingly abundant fuel reducing greenhouse gas emissions and fuel costs.