Green Iris was launched today at Hyundai Mipo Dockyard in Ulsan. File Image / Pixabay
South Korea's Ministry of Trade, Industry and Energy and POSCO have announced that the launch ceremony for Green Iris - the country's first liquefied natural gas (LNG)-fuelled merchant vessel - was to take place today at Hyundai Mipo Dockyard in Ulsan, South Korean media reports.
With a 50,000-tonne cargo capacity, Green Iris is slated to become one of the world's largest bulk carriers.
The newly launched bulker features an LNG fuel tank fabricated with POSCO's high-manganese steel and able to withstand temperatures of up to -196 degrees Celsius.
Green Iris is scheduled to carry out its first voyage in January
Green Iris is scheduled to carry out its first voyage in January, travelling between the East Sea and Gwangyang with a cargo of limestone five times per month.
As Ship & Bunker reported in September, South Korea's Ministry of Oceans and Fisheries (MOF) has previously said it would join forces with local shipyards, builders, and state institutes to develop a class of 180,000-tonne LNG-propelled ships - the largest such vessels in the world.