Hyundai Heavy Industries Wins Large Order for LNG-Fueled Vessels

Hyundai Samho Heavy Industries (HSHI), Hyundai Heavy Industries’ shipbuilding affiliate, announced that it recently won an order to build four 114,000 DWT Ice-Class IA aframax tankers from Sovcomflot, the Russia’s state-owned shipping company.

The world’s first LNG-fueled aframax tankers, measuring more than 820 feet in length, are scheduled to be delivered from the third quarter of 2018 and to be chartered to Shell.

“As the demand for eco-ships increases with tightening environmental regulations, we will further accelerate our efforts to win eco-ship orders,” said an HSHI official.

Since its first order of six 41,000 DWT bulk carriers in 1989, Sovcomflot has maintained a close business partnership with HHI Group by ordering 65 ships in total to date.