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Âé¶¹´«Ã½Ó³»­ LGE sign frame agreement for gas handling systems & multiple new contract awards

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€