GSI secures order from Hyundai Glovis for six LNG-powered PCTCs

China’s Guangzhou Shipyard International (GSI) has secured an order from South Korea’s Hyundai Glovis to build six more LNG dual-fuel PCTCs with a capacity of 10,800 ceu.

CSSC’s GSI said in a statement on Monday that the contract for the world’s largest PCTCs was signed in mid-May.

GSI did not reveal the price tag of the deal or the delivery dates for the six vessels.

According to the shipbuilder, it has now 14 LNG dual-fuel PCTCs on order.

Hyundai Glovis, the operator of a large PCTC fleet and the shipping unit of Hyundai Motor Group, said last month it will add six LNG dual-fuel vessels to its fleet, but it did not reveal the name of the yard which will build the vessels.

The firm said the investment is worth $750 million and it expects to take delivery of the six ships by the end of 2028.

In December last year, South Korea’s HMM and Hyundai Glovis joined forces to order six LNG-powered PCTCs at GSI, while Seaspan and Hyundai Glovis ordered six LNG-powered PCTCs at CSSC’s Shanghai Waigaoqiao Shipbuilding (SWS).

Moreover, Hyundai Glovis said in February this year that it has signed a deal with state-owned Korea Ocean Business Corporation (KOBC) related to the construction of four LNG-powered PCTCs with a capacity of 10,800 ceu as part of its plans to have 28 LNG-powered PCTCs in its fleet.

SWS and GSI will reportedly build two of these vessels, each.

Including this latest order, this puts the total to 22 LNG-powered PCTCs which will serve Hyundai Glovis.

- Advertisements -

Most Popular

Adnoc L&S orders eight LNG carriers in South Korea

Adnoc Logistics & Services, a unit of UAE's energy giant Adnoc, has ordered eight liquefied natural gas (LNG) carriers...

FERC approves Venture Global’s CP2 LNG project

The US FERC has given the green light to Venture Global LNG for its proposed CP2 LNG project in...

NFE to sell Miami small-scale liquefaction plant

US LNG firm New Fortress Energy said it had agreed to sell its liquefaction and storage facility in Miami,...

More News Like This

Hyundai Glovis, Woodside name LNG carrier in South Korea

South Korea’s Hyundai Samho hosted a naming ceremony for one 174,000-cbm LNG carrier it built for compatriot shipowner Hyundai...

China’s GSI wins order from EPS to build four LNG-powered tankers

Singapore’s Eastern Pacific Shipping has ordered four LNG dual-fuel LR2 oil tankers at China's Guangzhou Shipyard International. GSI said on...

Hyundai Glovis to add six more LNG-powered PCTCs to its fleet

South Korea’s Hyundai Glovis said it would add six more LNG dual-fuel PCTCs with a capacity of 10,800 ceu...

GSI kicks off work on LNG-powered PCTC for Cosco Shipping’s JV

China’s Guangzhou Shipyard International (GSI) started building an LNG-powered pure car and truck carrier for a joint venture led...