HHI to Preempt LNG-Powered Ship Market

Seoul - HHI announced that the company held a technology briefing session on an LNG-powered bulk carrier of its own development for nine major Korean shipping companies including Polaris Shipping, SK Shipping, Korea Line and H-Line Shipping.

Seoul - Hyundai Heavy Industries (HHI) is stepping up its efforts to preempt the “liquefied natural gas (LNG)-powered ship” market, while responding to tougher global environmental regulations. HHI announced on December 17 that the company held a technology briefing session on an LNG-powered bulk carrier of its own development for nine major Korean shipping companies including Polaris Shipping, SK Shipping, Korea Line and H-Line Shipping.
The new LNG-powered model is designed as 180,000-ton and 250,000-ton class bulk carriers. They can meet all of the IMO’s stringent environmental regulations by reducing of sulfur oxides (SOx), nitrogen oxides (NOx) and carbon dioxides (CO2) upwards of 99%, 85%, and 25%, respectively. Recently, as the International Maritime Organization (IMO)’s environmental regulations have been strengthened, there is increasing demand from shipowners who want to apply LNG-based facilities which had been applied to some of existing LNG carriers, to oil tankers, containerships and bulk carriers.
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