SOUTH Korean shipbuilder HD Hyundai Mipo has secured a new order worth KRW514.8 billion (US$370 million) for the construction of four LNG bunkering vessels.
The shipbuilding contract was revealed in HD Hyundai Mipo's stock exchange filing on November 7, 2024, reports Rotterdam's Offshore Energy.
The deal includes the construction of four 18,000 cubic metre LNG bunkering vessels scheduled to be delivered by the end of October 2028 to an undisclosed shipping company in Asia.
While the shipbuilder did not disclose the name of the shipowner, market rumours indicate that Singapore's Eastern Pacific Shipping (EPS) and Swiss major MSC Mediterranean Shipping Company have jointly ordered these four bunkering vessels.
Offshore Energy has reached out to the shipping companies and is yet to receive a response.
The latest order underpins the ongoing rise in the number of LNG-fuelled ships.
According to the industry coalition SEA-LNG, over 2,000 of the world's 60,000 largest vessels will be powered by LNG in the near future with active LNG-fuelled vessels now representing over 2 per cent of the global shipping fleet.
In support of this expansion, LNG bunkers are currently available in 185 ports, with an additional 50 being added next year.
SeaNews Turkey
The shipbuilding contract was revealed in HD Hyundai Mipo's stock exchange filing on November 7, 2024, reports Rotterdam's Offshore Energy.
The deal includes the construction of four 18,000 cubic metre LNG bunkering vessels scheduled to be delivered by the end of October 2028 to an undisclosed shipping company in Asia.
While the shipbuilder did not disclose the name of the shipowner, market rumours indicate that Singapore's Eastern Pacific Shipping (EPS) and Swiss major MSC Mediterranean Shipping Company have jointly ordered these four bunkering vessels.
Offshore Energy has reached out to the shipping companies and is yet to receive a response.
The latest order underpins the ongoing rise in the number of LNG-fuelled ships.
According to the industry coalition SEA-LNG, over 2,000 of the world's 60,000 largest vessels will be powered by LNG in the near future with active LNG-fuelled vessels now representing over 2 per cent of the global shipping fleet.
In support of this expansion, LNG bunkers are currently available in 185 ports, with an additional 50 being added next year.
SeaNews Turkey
