BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





LNG-fuelled bulker project puts spotlight on high manganese steel

27 Jul 2016 09:44 GMT

Cargo tanks of the biggest LNG-fuelled bulk carrier ever ordered are to be made of a cryogenic steel that is high in manganese.



Lloyd's Register Asia's Jin-Tae Lee, Korea Chief Representative & Marine Manager, believes that an existing project to build a giant-sized LNG-powered bulk carrier puts the spotlight on high manganese steel and will act as a trigger to draw attention to its applicability for the marine industry.

Hyundai Mipo Dockyard (HMD) recently signed a contract to build a 50,000-deadweight-tonne (dwt) bulk carrier with Ilshin Logistics. The project is a collaboration between steelmaker POSCO and Ilshin Logistics to develop the first in a new generation of green ships.

The ship is the largest bulk carrier ever ordered to use liquefied natural gas (LNG) as fuel. When delivered in the fourth quarter of 2017, the ship will transport limestone cargoes in the Korean coastal trade for POSCO . Lloyd's Register and the Korean Register will provide dual classification and certification, verifying compliance with the International Gas Fuel (IGF) Code.

As previously reported by Bunker Index, the new type of cryogenic steel, developed by POSCO, is high in manganese and will be used for the 500-cubic-metre capacity Type C LNG fuel tank, located on the aft mooring deck. The properties and characteristics of the high manganese steel, as well as the required welding technology, have been proven suitable for cryogenic applications.

In a statement this week, Jin-Tae Lee remarked: "The successful construction of this vessel will be a very good trigger to draw the LNG industry's attention to the widespread adoption of high manganese steel in marine applications, for those who are hesitant to adopt LNG-fuelled systems due to high CAPEX. This contract is evidence that shipping can make progress to address cost challenges as well as provide technical solutions in tough markets and doing so without compromising both safety and performance."

Chang-hyun Yoon, EVP of HMD's Initial Planning Division, explained: "We should not hesitate to adopt new technologies and materials as we strive for a greener shipbuilding and shipping industry. The world's first application of high-manganese steel for an LNG storage tank is a challenge, but I believe that the material expertise of POSCO and the engineering capability of HMD will offer the right solution to the shipowner. Additionally, the technology evolution represented by this project paves the way for small-scale LNG carrier designs incorporating high manganese steel Type C cargo tanks at a competitive price."

POSCO has already received approval for high manganese steel and its welding consumables from LR and other classification societies. The steel is said to be cost-competitive against conventional high-nickel equivalents, and is expected to help reduce capital costs in LNG-fuelled and LNG carrier systems.

Technical Specifications

The ship has been designed with a maximum draught of 12.0 metres, a length overall (LOA) of 191 metres, a breadth of 32.26 metres, and a maximum capacity of 50,000 deadweight tonnes (dwt). The propulsion system is a dual-fuel high-pressure gas injection engine, the HYUNDAI-MAN B&W 6G50ME-C9.5-GI. The LNG gas supply system consists of a high-pressure pump, high-pressure vaporizer, low-pressure vaporizer and a glycol water heating system.






Related Links:

High manganese steel tanks for world's largest LNG-fuelled bulker
GTT signs LNG membrane containment system agreement
Lloyd's Register approves gas containment system
8.6% rise in net income for membrane technology specialist
Concept design for LNG bunkering vessel released

Latest News:

Furukawa Battery certified as approved supplier of marine batteries
Quadrise: Fuel production system commissioned in Saudi Arabia
Is oil heading for the 70s or lower 60s?
Oil and fuel oil hedging market update
FIS expecting strong HSFO paper liquidity 'right up to deadline day' in 2020 and beyond
GTT hails 'great start to the year' with LNG tank orders
Rotterdam posts lowest calendar year bunker sales of the 2010s
Bomin to launch physical supply of ULSFO in ARA region
Viking Line's bunker costs jump 18.3% in 2017
Vopak's net profit dips 12% in 2017
Odfjell posts rise in FY and Q4 2017 bunker costs
Oil and fuel oil hedging market update




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events