Hyundai, KSS Line Enter Green Ship Deal

Image Courtesy: Hyundai Heavy Industries

Hyundai Heavy Industries’ (HHI) subsidiary, marine services provider Hyundai Global Services (HGS), signed a Memorandum of Understanding (MOU) for eco-friendly ship business with Korean shipping company KSS Line.

Under the deal, the two companies said they would join forces to retrofit the medium-sized liquefied petroleum gas (LPG) carriers owned by KSS Line with exhaust gas cleaning system.

Ships equipped with the system will be able to meet the International Maritime Organization’s (IMO) sulfur emission cap of 0.5% even with bunker-c oil, cheaper than marine gas oil, and thus will be able to lower fuel costs, according to HHI.

A task force team, operated by the companies, will be conducting basic engineering of the system starting this month, while detail engineering is scheduled to be finalized by the end of 2017. HHI forecasts that more than 15,000 ships will have the system onboard by 2020.

Additionally, HGS also entered into a strategic partnership with Sweden-based Alfa Laval for retrofitting ballast water treatment systems.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2017 >>
MTWTFSS
27 28 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 29 30

THE 30TH WORLD PORTS CONFERENCE Enabling Trade Energizing The World

This event is expected to have more than 500 attendees from the field of port, logistics, shipping and maritime industry…

read more >

Singapore Maritime Week 2017

Singapore Maritime Week (SMW) is the leading maritime event in Singapore. Driven by the Maritime and Port Authority of Singapore (MPA), SMW…

read more >

Breakbulk Europe 2017

For more than a decade, Breakbulk Europe has served as the networking hub for industry professionals who do business in Europe — or would like to! Exhibitors and sponsors include cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers, equipment companies and more that are involved in this specialized industry.

In addition to exceptional networking opportunities, Breakbulk Europe provides a dynamic conference, along with a range of educational and training workshops — intensive all-day classes held the day before the exhibition opens as well as many on-the-floor sessions.

  • Over 7,600 participants attended Breakbulk Europe 2016
  • Meet with over 400 exhibitors and sponsors
  • Hear from industry experts, including leading shippers, during the conference sessions
  • Learn new skills in the educational workshops held before the exhibition and on-the-floor micro-seminars and exhibitor-led sessions during the event

More info

read more >

Smart Operations

Smart Operations events, from Fathom Maritime Intelligence, examines how to use intelligent shared integration, and connected operations…

read more >