Âé¶¹´«Ã½Ó³» International’s LGE business has signed frame agreements with Hyundai Heavy Industries, Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard confirming Âé¶¹´«Ã½Ó³» LGE as preferred supplier for the design and supply of Liquefied Petroleum Gas (LPG) cargo handling systems for Very Large Gas Carriers and Mid-size Gas Carriers.
In addition, Âé¶¹´«Ã½Ó³» LGE recently signed contracts for the design and supply of Cargo Handling Systems and some Fuel Gas Supply Systems for twelve 40,000m³ LPG ships from Hyundai Mipo Dockyard and three 91,000m³ LPG ships from Hyundai Samho for a variety of
ship-owners.
The frame agreements underline the long-term relationship between Hyundai, the world’s largest shipbuilder, and Âé¶¹´«Ã½Ó³» LGE, the global leader in liquefied gas technology for the LPG carrier market.
The business has established itself as the leading supplier of LPG cargo handling systems with its VentGasCooler (VGCâ„¢) technology, which provides increased plant capacity and performance coupled with the ability to carry cargoes with high incondensable or volatile content.
More recently, the launch of Âé¶¹´«Ã½Ó³» LGE’s marine fuel gas technology, ecoFGSSâ„¢, has further cemented its market position with 21 orders to date, including the world’s first new build LPG fuel gas system which will go into service this month. This is a significant milestone in Âé¶¹´«Ã½Ó³»â€™s journey of developing and deploying innovative technology to support ship-owners as they meet increasingly stringent regulations on carbon and emissions reductions.
Neale Campbell, Managing Director, Âé¶¹´«Ã½Ó³» LGE, said: “The successful conclusion of the negotiations with Hyundai, in the face of tough competition, demonstrates the competitiveness of Âé¶¹´«Ã½Ó³» LGE and when combined with our world leading technology and Hyundai shipbuilding prowess means we jointly present a strong value proposition to the world’s gas ship-owners.â€
Mr Joon Ho Kim, senior representative of Hyundai London office, said: “We are delighted to continue our mutual collaboration with Âé¶¹´«Ã½Ó³» LGE and together we demonstrate strong technical shipbuilding capability to best serve the LPG newbuilding market.â€
