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HYUNDAI MIPO TO ENTER THE GAS CARRIER MARKET

Tuesday, September 25, 2018 

Hyundai Mipo Shipbuilding is set to enter the small and medium-sized LNG carrier market, following the signing of a supply and certification agreement with GTT for its membrane LNG containment technology. The agreement was inked last week at Gastech 2018, in Barcelona, ​​Spain.

Hyundai Mipo Dockyard said it has secured all relevant technologies and certifications to enter the small- and medium-sized LNG shipbuilding market, in addition to medium-sized liquefied petroleum gas (LPG) and liquefied ethylene gas (LEG) tankers.

“We are raising our competitiveness in the gas carrier shipbuilding market,” said the shipbuilder in a statement on its website.

Hyundai Mipo Dockyard has accumulated technology related to the construction of LNG carrier since last 2015. In July, it acquired technology certification from GTT through modelling of a membrane LNG cargo hold.

The LNG cargo hold model certified by Hyundai Mipo Dockyard is the 'MARK III-FLEX' type membrane-type that has recently emerged as the mainstream in the small and medium-sized LNG carrier market. 

The yard has also  received an order to build a 27,000gt ropax ferry for Japan’s Mokpo to Jeju to route. The Seaworld Express ferry, designed to accommodate 1300 persons, 150 trailers and 100 cars, is schedule for delivery in August 2020.

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