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South Korean KSS Line orders dual-fuel very large gas carrier

South Korean KSS Line orders dual-fuel very large gas carrier

The South Korean shipping company KSS Line has placed an order for a very large 91,000 cbm dual-fuel gas carrier (VLGC).

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The VLGC will be built by Hyundai Heavy Industries, a subsidiary of Korea Shipbuilding & Offshore Engineering, and is scheduled for delivery in 2022. KRW 87.6 billion ($ 79.5 million) is worth of the shipbuilding contract.

Only a week after KSOE secured contracts for two additional very large crude carriers, the order was recorded (VLCCs).

The shipbuilder announced a 197.5 billion KRW ($180.1 million) contract for the construction of the VLCC pair on 12 January. An unidentified shipping company from Europe placed the order.

KSOE's Hyundai Heavy Industries (HHI) unit will build the ships and deliver them to its owner by 31 August 2022, KSOE said in a stock exchange filing.

KSOE secured orders for eleven units, priced at around KRW 1.3 trillion, in the first few days of 2021 alone.

The shipbuilder raised its target to a combined $14.9 billion for 2021.

Maritime Business World 

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