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Hyundai Glovis said on Thursday that it has signed an LNG ship fuel supply contract with Eco Marine Fuel Solution, a subsidiary of SK Gas.
Based on this agreement, Hyundai Glovis and SK Gas will establish LNG fuel supply infrastructure in Korea’s southeastern region to ensure the stable operation of Hyundai Glovis’s dual-fuel PCTC fleet.
The ports include Ulsan and other southeastern ports, where Hyundai Glovis’s PCTCs mainly call.
Once the infrastructure is established, Hyundai Glovis’s ships heading to Europe, the Middle East, and the United States will be able to receive fuel via LNG bunkering vessels secured by Eco Marine Fuel Solution, the shipping firm said.
Hyundai Glovis, the operator of a large PCTC fleet and the shipping unit of Hyundai Motor Group, plans to introduce over 30 LNG dual-fuel PCTCs by 2028, starting with five vessels last year.
The firm partnered with South Korean owner H-Line Shipping for LNG dual-fuel PCTCs built at China’s GSI.
In December 2023, South Korea’s HMM and Hyundai Glovis joined forces to order six LNG-powered PCTCs at China’s GSI, while Seaspan and Hyundai Glovis ordered six LNG-powered PCTCs at CSSC’s Shanghai Waigaoqiao Shipbuilding (SWS).
Moreover, Hyundai Glovis said in February last year that it has signed a deal with state-owned Korea Ocean Business Corporation (KOBC) related to the construction of four LNG-powered PCTCs.