Potential Gas Turbine Propulsion System Value News

GE’s Global Offshore and Marine business powers and propels ships, keeping them in position at the touch of button. The Korean naval, offshore and merchant, shipbuilding industry, one of the largest and most important in the world, has long since recognized the benefit that GE’s experience and technology can deliver—partnering together for 30 years. That is why Kormarine 2013 is one of the key events where GE will showcase its latest advancements in diesel engines, gas turbines and dynamic positioning solutions, all designed to deliver reliability, fuel efficiency, lower maintenance and life cycle costs. SB Ahn, GE’s Global Offshore and Marine leader said, “GE provides solutions that affect vessels and marine installations from stem to stern and from ocean to sea bed.

GE Marine reports its LM500 aeroderivative gas turbine has been selected to power the Republic of Korea Navy’s PKX-B patrol boat program. The LM500 gas turbines will be manufactured in-country by Samsung Techwin at its Changwon, Korea, facility. The potential gas turbine propulsion system value over the life of the 34-ship PKX-B program is approximately $400 million. The program will be conducted in two phases. The first phase is for 16 shipsets. After completion, Phase II will proceed according to ROK government procedures.