16JUL2019 - NEWS - Hyundai Heavy Unit Bags Order for 2 LNG-Fueled Bulk Carriers

Yonhap, citing Hyundai Samho Heavy Industries Co, a local shipbuilder, reported that it has clinched a deal to build two bulkers fueled by liquefied natural gas. Under the deal with H-Line Shipping Co, a midsize South Korean shipper, Hyundai Samho will build two 180,000 tonne vessels, which will be used on a route between South Korea and Australia starting in 2022. The value of the deal was not revealed. This is the second time that H-Line has placed an order for LNG-fueled vessels with Hyundai Samho Heavy, an affiliate of industry leader Hyundai Heavy Industries Co. Last October, the shipper placed an order worth 140 billion won for two LNG-fueled bulkers.

With the latest order, there will be seven LNG-powered vessels in South Korea.