HHI Signs LNG Cargo Pump Deal

Friday, June 01, 2007
Hyundai Heavy Industries Co., Ltd. (HHI) signed a technical agreement for a cargo pump for LNG carriers with Carter Cryogenics of the U.S.

The agreement was signed by Choi Weon-gil, COO of HHI¡¯s Engine & Machinery Division, and Mr. Lance A. Schroeder, vice president of Carter Cryogenics.

The LNG carrier's cargo pump is a cryogenic pump at the bottom of containment tanks used to load and unload liquefied natural gas at -163oC. There are eight to ten pumps equipped on each LNG carrier.

Under the technical agreement with Carter Cryogenics HHI will manufacture and market the pumps with plans to localize cargo pump production through the technical development and transfer of technology from Carter Cryogenics in early 2008.

By localizing pump production, rather than importing them, HHI expects to save $1.5 million per LNG carrier and improve the competitive pricing. At full capacity HHI estimates over $15 million in total sales of this type of pump.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

First US LNG Shipment Goes to China

The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that

LNG Market Needs More Vessels than Currently on Order

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more

Insights: Kunkel Weighs in on Propulsion Technology

LNG? Methanol as fuel? Hybrid systems? Tier 4? Reducing noise? Cutting emissions without crushing fuel economy? Marine News readers have questions and Bob Kunkel has answers.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0462 sec (22 req/sec)