KSME Wins Order For 4 Ultra-Large LPG Ships Worth KRW 366 Billion

Korea Shipbuilding & Marine Engineering, the midship holding company of Hyundai Heavy Industries Group, won orders for four ultra-large LPG ships worth a total of KRW 366 billion.

Korea Shipbuilding & Marine Engineering announced on the 29th (Thursday) that it recently signed a contract with shipping companies located in Asia and Liberia for four 86,000 cubic meters (㎥) ultra-large LPG carriers.

The ship that was ordered this time will be 230m long, 32.25m wide and 23.75m high, and will be built by Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do and delivered to shipowners sequentially in 2023.

KSME Wins Order For 4 Ultra-Large LPG Ships Worth KRW 366 Billion
Image Credits: hshi.co.kr

In particular, the ship is equipped with an LPG dual fuel propulsion engine, so it is possible to respond to the strengthened international maritime organization’s (IMO) sulfur oxide emission regulations without the need for a scrubber, an exhaust gas reduction device.

According to Clarkson Research, an analysis agency for shipbuilding shipping market conditions, thanks to the increasing demand for LPG transportation between North America, Australia and Asia, global LPG ship orders this year increased 9% from 44 ships last year to 48 ships and 58 ships, up 21% in 2022. It is expected to increase.

An official from Korea Shipbuilding & Marine Engineering said, “As the spread of the Corona 19 vaccine accelerates and expectations for economic recovery increase, inquiries are being continued across various ship types.” “We will deliver high-quality ships to maximize customer satisfaction.” .

Refernece: hshi.co.kr

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