Marine Link
Monday, September 26, 2016

HHI Signs LNG Cargo Pump Deal

June 1, 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 (LNGLF) 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 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