Tue 23 May 2017, 08:35 GMT

SHI wins order to build LNG bunkering vessel


7,500-cbm vessel to be built for Korea Gas Corporation (Kogas).



Samsung Heavy Industries (SHI) has won an order to build two small-scale liquefied natural gas carriers (LNGCs), one of which is to be constructed to carry out LNG bunkering.

Both 7,500-cubic-metre (cbm) vessels are to be built for Korea Gas Corporation (Kogas) and used for the transportation of LNG from Tongyeong, Gyeongsangnam-do, to Jeju Island. The total value of the order is approximately $100 million.

The LNG vessels are to be equipped with a KC-1 cargo containment system designed in Korea.

"The contract is a significant milestone for SHI, developing a leading track record in KC-1 LNG carriers, as well as expanding into small-scale LNGCs and LNG bunkering vessels," SHI said.

SHI says it has won a total of $2.3 billion worth of orders so far in 2017, including eight tankers, two LNGCs, one LNG-FSRU, and one floating production unit (FPU).

Last year, Bunker Index reported that Kogas was one of 14 organizations to sign a three-year cooperation agreement to provide LNG bunkering to the South Korean port of Ulsan.

Back in 2015, South Korea's Ministry of Trade, Industry and Energy (MOTIE) said it intended to build LNG bunkering terminals at some of its key ports, and to win 70 percent of worldwide orders for dual-fuel tankers over the next decade.

South Korea is the world's leading shipbuilding nation. The top three vessel constructors - Hyundai Heavy Industries Co Ltd, Samsung Heavy Industries Co Ltd and Daewoo Shipbuilding & Marine Engineering Co Ltd - are all South Korean firms. The Asian country is also the world's second-largest LNG importer after Japan.


EIB and Port of Rotterdam signing. Port of Rotterdam secures EUR90m EIB loan for shore power installations  

Financing will support shore power infrastructure at three container terminals, with an EU grant also approved.

IBIA logo. IBIA updates biofuels training module for 2026  

Updated online course covers latest regulatory developments and market trends in liquid and gaseous biofuels.

Brim Explorer’s fully electric passenger vessel concept render Bureau Veritas to class all-electric trimarans for Brim Explorer  

Two zero-emission passenger vessels will operate in Norwegian fjords after extensive Arctic testing.

Steel cutting ceremony for LNG fuel tank project. CIMC SOE starts construction on first 9,000-cbm LNG tank project  

South Korean shipowner SUNBO has commissioned the tanks for 18,000-cbm LNG bunkering vessels.

Rob Mortimer, CEO of FuelRe4m. Gulf tensions expose shipping’s continued reliance on fossil fuels, says Fuelre4m  

Dubai-based firm warns alternative fuel infrastructure remains fragile compared to established oil and gas systems.

Welcoming of CMA CGM Grand Palais vessel. CMA CGM adds 23,000-teu containership to Asia-Europe service  

CMA CGM Grand Palais will operate on the FAL3 route between Asia and Europe.

WinGD methanol and ethanol webinar invitation. WinGD to host webinar on methanol- and ethanol-flexible fuel engine technology  

Engine manufacturer will discuss market outlook, regulations and operational experience with alcohol-based marine fuels.

Peninsula graduate programme group photo. Peninsula opens applications for 2026 graduate programmes in marine fuels trading  

Two-year scheme offers positions across six global locations starting in September, combining hands-on experience with structured development.

Collin She, Oilmar DMCC. Oilmar DMCC promotes Collin She to key account manager role  

She will lead strategic customer relationships and drive growth opportunities in Singapore and the wider region.

Areion vessel. Dorian LPG takes delivery of dual-fuel VLGC capable of carrying ammonia  

The 93,000-cbm Areion can run on LPG or fuel oil and transport ammonia cargoes.