SHI TO BUILD TWO SMALL SCALE LNG CARRIERS

May 24, 2017

Samsung Heavy Industries (SHI) revealed on 22th May that they signed on the day a contract to build two small-scale LNGCs at a total of about 100 million USD. The LNG carriers are built for KOGAS to transport LNG from Tongyeong, Gyeongsangnam-do, to Jeju Island. The 7,500? LNG vessels would be equipped with KC-1 cargo containment system designed in Korea. One of the two carriers would be built with LNG bunkering capability. The delivery dates are May and December of 2019. The contract is a significant milestone for SHI, developing a leading track record in KC-1 LNG carriers, as well as expanding into small-scale LNGCs and LNG-bunkering vessels. Korean Cargo containment system is solely developed by Korean technologies by KOGAS with cooperation between the Korean Big 3s. (Source SHI)