SHI develops LNG-powered wind turbine installation vessel

South Korean shipbuilding giant Samsung Heavy Industries has ventured into the offshore wind market by developing an LNG-powered wind turbine installation vessel.

The ECO-WTIV model named SLW-FUEL CELL features LNG propulsion but also solid oxide fuel cells and energy storage system, according to SHI.

The shipbuilder said on Thursday it received approval in principle for the model from three classification societies, ABS, DNV, and LR at the same time.

In December 2020, SHI partnered with Hyosung Heavy Industries, a Korean wind turbine gear unit equipment producer, for developing the “enhanced and cost-effective” jacking system, which is the core equipment of the new vessel, the shipbuilder said.

SHI expects the vessel to slash CO2 emissions by about 50% compared to existing ships powered by diesel engines.

“As the offshore wind industry grows, which is one of the pillars of the Green New Deal Policy, there will be more demand for WTIVs. It is very meaningful now that we secured our independent model featuring diverse cutting-edge green technologies,” said Wang K. Lee, vice president of offshore business division of SHI.

SHI has already experience in WTIV construction after delivering three units. The yard became the first shipbuilder in Korea to receive an order to build a WTIV in 2010, it said.

Most Popular

Petronet expects to launch additional Dahej LNG capacity by June

The Dahej LNG terminal is India's largest LNG import facility and currently has a capacity of 17,5 mtpa. Last year,...

China to impose tariff on US LNG

China's Ministry of Finance said in a statement on Tuesday that the US government announced on February 1 the...

Flex LNG expects 2025 to be in line with last year

Flex LNG reported revenues of $355 million in 2024, down from $371 million in 2023 and a rise compared...

More News Like This

Celsius, Jera seal charter deal for newbuild LNG carrier

Celsius revealed the charter deal on Wednesday, but it did not provide further information regarding the contract. VesselsValue data suggests...

Samsung Heavy nets first LNG carrier order in 2025

Samsung Heavy said on Monday that it will build the LNG carrier for an unidentified owner in Oceania. The shipbuilder...

MOL and Jera pen new charter deal for newbuild LNG carrier

MOL said in a statement on Wednesday it has signed the long-term charter deal with a vessel operation management...

LNG carrier orders climb in 2024

The data shows there were at least 78 orders for large LNG carriers in 2024. This compares to about 68...