Hyundai Heavy Industries (HHI), a leading global shipbuilder, today won an US$ 850 million order to build four 150 000 m3 Moss type liquefied natural gas (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 LNG tankers will be constructed with four independent self-supporting spherical tanks that have more reliable performance when loading and unloading cargo, and greater resistance to sloshing forces than that of membrane tank systems. Such features render Moss type LNG carriers the preferred choice for offshore storage work where harsh sea conditions are a significant factor.
Executive vice president of Hyundai Heavy’s Shipbuilding Division, Mr. Ka Sam-hyun, 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.”
South-Korea based HHI has built 15 Moss type LNG carriers since 1994.
Adapted from press release by Ted Monroe
Read the article online at: https://www.lngindustry.com/lng-shipping/11102013/hyundai_wins-multi-million_dollar_contract_to_build_four_moss_type_lng_carriers/