Hyundai Mipo Dockyard (HMD) has introduced a new Medium Gas Carrier (MGC) design that aligns with industry trends toward larger vessels and anticipates stricter environmental regulations. The design, verified by DNV, focuses on operational efficiency, safety, and increased cargo capacity, addressing the rising demand for LPG and ammonia transport stated by DNV.
Enhanced Cargo Capacity and Port Accessibility
The new MGC design incorporates a double hull structure for improved collision stability and a trunk deck to increase cargo volume. Despite its large gas carrier (LGC) capacity, the vessel can still access ports designed for MGCs, providing greater operational flexibility and efficiency.
Fuel Efficiency and Cost Advantages
The vessel’s optimized hull design improves fuel efficiency compared to traditional LGCs, leading to significant savings in both capital expenditure (CAPEX) and operational expenditure (OPEX). This enhanced fuel performance ensures long-term cost efficiency while meeting stricter environmental standards.
Commitment to Innovation and Safety
HMD and DNV collaborated to ensure the design meets all safety and compliance requirements. The ship received Approval in Principle (AiP) from DNV, confirming its structural stability and feasibility. The new design positions HMD as a leader in the evolving gas carrier market, catering to future demands.
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Source: DNV
