KSS Line Orders Two VLGCs from Hyundai Heavy

LPG carrierIllustration; Source: Pixabay under CC0 Creative Commons license

South Korean shipping company KSS Line has placed an order for two very large gas carriers (VLGCs) with compatriot shipbuilder, Hyundai Heavy Industries.

The new vessels were ordered for a five-year charter contract signed with Dubai-based BGN International DMCC, KSS Line said in its stock exchange filings.

The scrubber-fitted 84,000 cbm units are scheduled for delivery in the second half of 2021.

KSS Line said that the investment for the shipbuilding contract is around KRW 180.6 billion (USD 148.9 million).

Earlier this year the parties signed a memorandum of understanding (MOU) to develop two new LPG carrier designs. KSS Line and Hyundai Heavy opted for the move in response to changes in the shipping industry and the LPG trading market.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
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 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >