HMD: Shipping Industry Should Not Hesitate Over New Tech in Pursuit of Greener Vessels

by Ship & Bunker News Team
Thursday July 28, 2016

"We should not hesitate to adopt new technologies and materials as we strive for a greener shipbuilding and shipping industry," Hyundai Mipo Dockyard (HMD) EVP Chang-hyun Yoon said Tuesday, whose company is set to use a novel high manganese steel in the construction of a dual-fuel HFO and liquefied natural gas (LNG) powered bulk carrier.

As Ship & Bunker reported earlier this month, HMD will use the material in the LNG tanks of the 50,000 DWT vessel being built for Ilshin Shipping Co., Ltd (Ilshin Shipping).

"The world's first application of high-manganese steel for an LNG storage tank is a challenge but I believe that the material expertise of POSCO and the engineering capability of HMD will offer the right solution to the shipowner," said Chang-hyun.

"Additionally, the technology evolution represented by this project paves the way for small-scale LNG carrier designs incorporating high-manganese steel Type 'C' cargo tanks at a competitive price."

The vessel will be jointly classed by Lloyd's Register (LR) and KR class.

Jin-Tae Lee, LR's Korea Chief Representative & Marine Manager, said the project should also be evidence that shipping can make progress and address cost challenges, "without compromising both safety and performance."

As Ship & Bunker previously reported, the Ilshin Shipping vessel is expected to be deployed in 2018, and employed to transport limestone from Gangwon Province to Gwangyang City.

Ship & Bunker News Team
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