Asia/Pacific News
ABB Gets $40 Million Order for Fuel Saving LNG Carrier Propulsion Systems
Power and automation technology company ABB says it has received orders for fuel-saving propulsion systems and equipment for liquefied natural gas (LNG) carriers totalling almost $40 million.
The orders, from three gas transportation companies, involve power and electrical propulsion equipment for vessels to be built in South Korea.
ABB will supply a fuel-efficient propulsion plant for use with a dual-fuel diesel engine plant on a 155,000 cubic meter membrane-type LNG carrier that Hyundai Heavy Industries (HHI) is building for a Southeast Asian ship owner.
The company will also deliver similar equipment for two 160,000 cubic meter LNG carriers that Samsung Heavy Industries (SHI) is building for an American gas company, as well as another such package for a 170,000 cubic meter LNG floating storage regasification unit (FSRU) that SHI is building for a Norwegian/Southeast Asian ship owner.
All the ships are due for delivery between 2015 and 2016.
"Repeat orders for LNG carrier power and propulsion systems via HHI and SHI consolidates our strong relationship with two of the leading yards in the field," said Heikki Soljama, head of ABB Marine and Cranes business unit.
"Our success in winning these contracts demonstrates that we are well on our way to achieving our targets in the fast-growing LNG industry, and is in line with our position as a supplier of choice in this technically demanding segment."
The global fleet of LNG carriers is growing quickly, according to Drewry Maritime Research, which said in March that 81 new vessels are likely to be added by the end of 2015, while only 10 ships are candidates for demolition, resulting in a possible 20 percent increase in the fleet.
