Hyundai Heavy Wins USD 850 Million Order for Moss type LNG Carriers

October 11, 2013

image

Signing Ceremony: Mr. Lee Jai-seong, President & CEO of Hyundai Heavy Industries (left), Mr. Tan Sri Dato’ Shamsul Azhar Abbas, CEO and President of Petronas

Moss type LNG Carrier Hyundai Heavy Delivered in 2000

Moss type LNG Carrier Hyundai Heavy Delivered in 2000

PRESS RELEASE

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, today won a USD 850 million order to build four 150,000 m3 Moss type LNG carriers from Malaysian oil company Petroliam Nasional Bhd (Petronas).

The contract also includes an option exercisable by the owner to order four additional same class LNG carriers. The double-hulled LNG carriers are scheduled to be delivered to the owner from the second half of 2016.

The tankers for carrying liquefied natural gas will be constructed with four independent self-supporting spherical tanks that have more reliable performance when loading and unloading cargo, and have greater resistance to sloshing forces compared to membrane tank system. These features play a crucial role in Moss type LNG carriers being the preferred choice for offshore storage work where harsh sea conditions are a significant factor.

Mr. Ka Sam-hyun, executive vice president of Hyundai Heavy’s Shipbuilding Division said, “We see this order as the first of many for LNG carriers as regulations for carbon dioxide emission tighten and demand for LNG increases as an alternative energy source.”

Hyundai Heavy is the only Korean shipbuilder that can build Moss type LNG carriers. The Ulsan, South-Korea based company has built 15 Moss type LNG carriers since 1994.

http://english.hhi.co.kr/news/view?idx=493

Advertisements

About artidj

I started working as a field engineer in Oil & Gas industry back in 1996. I do this news clipping of the industry and the geography I am interested in, mainly for my own information. I'm glad you find it useful.
This entry was posted in EPC, Midstream, Upstream and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s