Hamworthy Gets LNG Reliquefaction Order

Wednesday, March 15, 2006
Hamworthy has won an order from Daewoo Shipbuilding & Marine Engineering Co (DSME) to supply five liquid natural gas reliquefaction systems (LNG-RS), with a total value in the range of £15 to £20 million. The systems will be installed on five 216,000 cu. m. LNG carriers ordered by the ‘J5’ consortium of Japanese shipowners and will be delivered to the shipyard from January 2007. The ships are scheduled for delivery in 2008. Kelvyn Derrick, Chief Executive of Hamworthy plc, said: "This brings our tally of LNG-RS shipsets to 20 with an aggregate order value of over £100 million, and represents a one hundred percent market share. We have already developed a more energy-efficient system for future bids in what will undoubtedly become a more competitive market."

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