Hyundai Heavy bags order to build 4 LNG-fueled tankers

Sarah Carter
Sarah Carter

20 March 2017

South Korea's Hyundai Heavy Industries (HHI) received an order for four "eco-friendly" liquefied natural gas (LNG)-fueled tankers from Russia's state-run shipping company Sovcomflot, The Korea Economic Daily reported.

They will be built by Hyundai Samho Heavy Industries, a subsidiary of HHI and slated for delivery from the third quarter of 2018 to the first quarter of 2019.

Hyundai Samho Heavy said that it won $240 million worth order from Sovcomflot to construct four 114,000-ton class LNG-fueled crude tankers at $240 million.

Each tanker will be 250 meters long, 44 meters wide and 21 meters tall. They will be mounted with the ice class 1A grade ice-resistant function.

The new crude tankers will be the world’s first large-sized vessel running on LNG meeting the new environmental regulations designed to cut greenhouse gases, said Hyundai Heavy Industries.

The tankers will be chartered by global oil major Royal Dutch Shell for transport of oil from Russia.