H-Line Shipping and Hyundai Glovis Expand LNG-Powered Fleet with GSI Deliveries

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China’s Guangzhou Shipyard International (GSI) has successfully delivered an LNG-powered pure car and truck carrier (PCTC) to South Korean owner H-Line Shipping and charterer Hyundai Glovis. The 7,000-ceu vessel, named Glovis Sunshine, was handed over on July 3, two months ahead of the scheduled contract date. The ship measures 200 meters in length, and 38 meters in width, and has a design draft of 8.6 meters, a design speed of 19 knots, and a total of 12 vehicle decks.

Previous and Upcoming Deliveries

According to VesselsValue data, H-Line ordered this LNG-powered PCTC and another vessel from GSI in 2021, with each ship costing around $84 million. In April this year, GSI delivered H-Line’s first LNG-powered PCTC, Glovis Solar, which is also under a charter deal with Hyundai Glovis. Following the initial order, H-Line placed another order with GSI in 2022 for two more LNG-powered PCTCs with a capacity of 7,000 ceu, scheduled for delivery in 2025. Additionally, in January last year, H-Line ordered two LNG dual-fuel PCTCs with a capacity of 8,600 units from GSI. At that time, GSI confirmed it had three 8,600-ceu vessels on order from H-Line, all destined for Hyundai Glovis charters.

Hyundai Glovis’ LNG-Powered Fleet Expansion

Hyundai Glovis, the shipping unit of Hyundai Motor Group and operator of a large PCTC fleet, continues to expand its LNG-powered fleet. In May, GSI secured an order from Hyundai Glovis for six more LNG dual-fuel PCTCs with a capacity of 10,800 ceu, with a total investment of $750 million. These ships are expected to be delivered by the end of 2028. Furthermore, in December last year, South Korea’s HMM and Hyundai Glovis collaborated to order six LNG-powered PCTCs from GSI, while Seaspan and Hyundai Glovis ordered six LNG-powered PCTCs from CSSC’s Shanghai Waigaoqiao Shipbuilding (SWS).

Conclusion

In February this year, Hyundai Glovis announced a deal with state-owned Korea Ocean Business Corporation (KOBC) to construct four LNG-powered PCTCs with a capacity of 10,800 ceu. As part of its plan to have 28 LNG-powered PCTCs in its fleet, two of these vessels will reportedly be built by SWS and two by GSI.

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Source: LNG Prime