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Hyundai Heavy Wins Tanker Order from Russia

March 20, 2017 09:20|March 20, 2017 09:20
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Hyundai Heavy Industries received an order for four "eco-friendly" LNG-fueled tankers from Russia's state-run shipping company Sovcomflot.


Hyundai Heavy announced on March 19 that it signed a deal worth about US$240 million with Sovcomflot to build four 114,000 ton LNG-propelled tankers. Each tanker will feature a length of 250 meters, a width of 44 meters and a depth of 21 meters. They will be mounted with the ice class 1A grade ice-resistant function.


They will be built by Hyundai Samho Heavy Industries and slated for delivery from the third quarter of 2018 to the first quarter of 2019. The tankers will be chartered by global oil major Royal Dutch Shell for transport of oil from Russia.


These ships are the world's first LNG-fuelled aframax tankers. Hyundai officials said, "They will use the LNG fuel propulsion system, first among large vessels, thereby attracting hot attention as eco-friendly high-efficiency ships."


Compared to conventional ships, these vessels can reduce the emissions of sulphur oxides by more than 90 percent, nitrogen oxides by more than 80 percent, and carbon dioxide by more than 15 percent.