Marine Link
Wednesday, September 28, 2016

Hyundai Clinches $500m Order for Two LNG FSRUs

June 14, 2011

Hyundai Heavy Industries, a Korea-based company mainly engaged in the ship building business, has clinched a $500 million order to build two new LNG floating storage regasification units, or FSRU, for Hoegh of Norway.

 
This contract also includes an option exercisable by Hoegh to order two additional same-class LNG FSRUs. The 170,000 cbm LNG FSRUs, measuring 294 meters in length and 46 meters in width, can store 70,000 tons of chilled natural gas. These two vessels are scheduled to be delivered by the second half of 2013 and the first half of 2014 respectively, and will operate for 40 years.
 


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News