HHI Keeps Up the Momentum with KSS Line’s Newbuilds

Image Courtesy: KSS Line

South Korean shipbuilder Hyundai Heavy Industries (HHI) has laid the keel for a 84,000 cbm Very Large Gas Carrier (VLGC) for its compatriot shipping company KSS Line.

This is the second LPG carrier HHI started building for KSS this month.

The ship, priced at KRW 91.4 billion (USD 76.7m), is due for delivery by the end of March 2017.

KSS inked a seven-year charter contract for the vessel with Japanese LPG importer GYXIS Corporation.

The company has been on an ordering spree recently and has piled up a total of thirteen VLGCs on order. The most recent order was placed just a week ago, when KSS Line ordered another 84,000 cbm LPG carrier from Hyundai Heavy, worth an estimated USD 77 million and slated for delivery by May 2017.

The shipping company expects to operate nine VLGCs and four mid-sized liquefied petroleum gas carriers by the end of 2017.

World Maritime News Staff

Share this article

Follow World Maritime News

Maersk Line Starts Workforce Cuts

Danish container shipping giant Maersk Line, Maersk Group’s container shipping arm, is cutting 110 jobs at its ...

read more →

BW LPG Ups Aurora Stake

Singapore’s owner and operator of very large gas carriers BW LPG Limited has acquired 3 million shares in ...

read more →

Diana Shipping Delays Two Newcastlemax Newbuilds

Greek dry bulk shipping company Diana Shipping Inc. has entered into two addenda with China Shipbuilding Trading ...

read more →

Hyundai Mipo Cuts Steel for KSS Line’s LPG Carrier

Korean shipbuilder Hyundai Mipo Dockyard has today cut steel for a 38,000 cbm class LPG carrier ordered by KSS ...

read more →

Readers’ Picks of the Week (Nov 2nd-6th, 2015)

CEO of Fredriksen Group Arrested in Norway Chief Executive Officer of the Fredriksen Group Jo Lunder was arrested ...

read more →

Hyundai Heavy Cuts Steel for KSS Line's VLGC

Hyundai Heavy Cuts Steel for KSS Line's VLGC

South Korean shipbuilder Hyundai Heavy Industries has organised a steel cutting ceremony for a Very Large Gas ...

read more →

In Depth>

Grimaldi Orders Five Green PCTCs

Italian shipowner Grimaldi Group has signed an agreement for the construction of five Pure Car Truck Carriers ...

read more →

”K” Line Finds Work for Car Carrier Newbuilds

''K'' Line Finds Work for Car Carrier Newbuilds

Japan’s ocean carrier Kawasaki Kisen Kaisha (”K” Line) plans to use some of its 7,500-unit size ...

read more →

Evergreen Line to Launch New VSM Link

Taiwanese carrier Evergreen Line plans to launch a new Vietnam-Singapore-Malaysia service (VSM) this month ...

read more →

Tanker Market Keeps Up the Momentum

In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels, with ...

read more →

K Line Takes Over First of Five 14,000 TEU Newbuilds

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has taken delivery of the Millau Bridge, the first of five ...

read more →

100 Maersk Line Boxships Going Paperless

100 Maersk Line Boxships Going Paperless

Danish container shipping company Maersk Line has selected Transas Marine for ECDIS implementation, and will ...

read more →

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

DANISH MARITIME TECHNOLOGY CONFERENCE 2018

DMF is part of the “Danish Maritime Days” – a concept, which integrates under the same umbrella a multitude of activities dedicated…

read more >

APM - ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

KSS Line Secures Financing for Its VLGC

South Korean LPG and chemical shipping company KSS Line has signed a financing deal with Korea Development Bank ...

read more →

Epic Gas Puts Newbuild into Action

Epic Gas Puts Newbuild into Action

Singapore-based gas carrier operator Epic Gas received the first of its six 11,000 cbm newbuilds on February 20, ...

read more →

Stena Bulk Names First of Its Ten Newbuilds

Stena Bulk’s IMOIIMAX Stena Impression, the first of ten 50,000 DWT MR chemical tanker newbuilds, was named ...

read more →