KSOE Adds One More LNG Carrier To This Year’s Ordering Tally

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As reported by Offshore Energy, an order for an LNG carrier has been placed with the South Korean shipbuilding company Korea Shipbuilding & Offshore Engineering (KSOE).

Contract signed 

According to a filing with Korea Exchange, the order has been secured by Hyundai Samho Heavy Industries, a subsidiary of KSOE.

The contract is for KRW 346 billion ($ 241 million), and it was signed with an unnamed shipowner situated in Oceania.

According to the terms of the order, the ship is anticipated to be finished and delivered by the end of April 2026, according to KSOE.

The ship would be constructed at Samho’s shipyard in Yeongam on the southwest coast, according to Yonhap.

Actual route 

With orders for 184 ships worth a total of $22.06 billion, KSOE has reached its yearly goal for 2022. The main shipbuilder’s goal for this year was an orderbook value of $17.4 billion.

A significant initiative that KSOE is starting with Shell, Doosan Fuel Cell, HyAxiom, and the classification organisation DNV is timed with the contract announcement.

According to the deal, starting in 2025, KSOE subsidiary HHI will generate electricity on a 174,000 cubic metre LNG carrier operated by Shell using a 600KW high-efficiency solid oxide fuel cell (SOFC).

The LNG carrier will conduct its demonstration on the actual trade route for a year using fuel cells as an auxiliary power unit (APU).

 

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Source: Offshore Energy

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