Aju Business Daily

SEOUL -- Samsung Heavy Industries, a major shipbuilder in South Korea, has received a new order worth 408.2 billion won ($371 million) from an unspecified shipper in Oceania to build two tank ships designed for transporting liquefied natural gas. The vessels will be installed with smart ship technology and a re-liquefaction system.

Samsung Heavy Industries (SHI) said in a regulatory filing on December 21 that the two LNG carriers would be delivered by February 2024. The new deal raised SHI's accumulated orders so far this year to $4.4 billion.

The shipbuilder said that a reliquefaction system will be installed in the Mark-III Flex membrane-type hold to minimize loss of cargo volume. The Mark III membrane system is a containment and insulation system, directly supported by the ship's hull structure. Its latest development is Mark III Flex.

SHI's re-liquefaction system for low-pressure, dual-fuel engines has won Detail Design Approval from the American Bureau of Shipping, a maritime classification society. Detailed design is the process of taking on and developing the approved concept design.

The re-liquefaction system offers increased efficiency and reliability by allowing boil-off gas from the cargo tank to be re-liquefied. It is optimized for low-pressure dual-fuel engines. The system can reduce CO2 emissions due to unnecessary combustion of evaporative emissions during docking or low-speed operation and conserve cargo volume.