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.

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