LNG

Of the top ship-owning nations, the Greeks continue to outperform the nation’s size with a fleet ranked third globally behind Japan and China respectively in both the number of vessels and the total value, though Greece’s fleet value has been augmented by an increasing number of quality LNG carriers.

June 23 (LNGJ) - Hyundai LNG Shipping Co. of South Korea, whose fleet comprises eight LNG carriers and one liquefied petroleum gas (LPG) vessel, has ordered another LNG tanker from the Korean shipyard of Daewoo Shipbuilding and Marine Engineering.

   The order was revealed by French storage technology firm GTT as the provider of the tanks. GTT said it had received an order from its partner DSME for the tank design of a new carrier for Hyundai LNG shipping. “The vessel will offer a capacity of 174,000 cubic metres and will be fitted with the GTT No. 96 GW membrane containment system,” said GTT. The vessel will be delivered at the end of 2023.

Five South Korean shipping lines are making a pitch to Qatar to be the operators of the 60 new LNG carriers the Gulf state has said it needs to transport cargoes worldwide from the North Field gas expansion and construction of four new liquefaction Trains at Ras Laffan.