Hyundai Mipo Gets AiP for LNG-Fueled MR Tanker Design
- Business & Finance
Hyundai Mipo Dockyard has received an approval in principle (AiP) for an LNG-fueled 50,000 dwt class MR tanker design from classification society Lloyd’s Register (LR).
The South Korean shipbuilder incorporated an LNG-fueled propulsion system into its most successful design, following technical cooperation with LR, ensuring that the design complies with the new International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code) as well as LR’s gas fueled rules, covering other applicable requirements.
“We have focused on developing both a technically reliable and commercially feasible solution for an LNG dual-fueled propulsion system. We are glad to be one step closer to making this solution a reality,” Jeon Seung-Ho, HMD Executive Vice President, said.
The commercially feasible LNG-fueled MR tanker design “will provide the shipping industry with more practical options to comply with the upcoming global sulphur in fuel oil limit where they can be confident with the safety and operability of the LNG burning system,” Jin-Tae Lee, Ph.D, LR’s Korea Chief Representative & Marine Manager, added.
Hyundai Mipo is reviewing other types of vessels for LNG-fueled application, such as bulk carriers and container ships.
The South Korean shipbuilder has been focusing its efforts on LNG-fueled ships in an effort to aid shipowners’ compliance with the global sulphur cap, which comes into effect on January 1, 2020.