South Korea’s Kogas welcomes LNG bunkering vessel with new cargo system

A unit of South Korean LNG importing giant Kogas has taken delivery of a 7,500-cbm LNG bunkering vessel equipped with a new cargo containment system.

According to Kogas and MOTIE, the naming ceremony for the bunkering vessel took place at the Hyundai Heavy Industries’ yard in Ulsan on May 10.

Moreover, the LNG bunkering vessel, Blue Whale, features the KC-2 membrane cargo containment system, which is an improved version of the KC-1 system developed by Kogas.

Korea LNG Bunkering, a unit of Kogas, ordered this LNG bunkering ship at compatriot HHI in 2021.

The firm’s unit was selected by South Korea’s Ministry for Industry and Energy, or MOTIE, for the LNG bunkering project and it also received 15 billion won ($11.3 million) in subsidies from MOTIE for the construction of the vessel.

South Korea's Kogas welcomes LNG bunkering vessel with new cargo system
Image: MOTIE

Hyundai LNG Shipping to operate the ship

MOTIE said in a statement that the total price tag for the ship, South Korea’s first dedicated LNG bunkering vessel, reached 55.3 billion won ($41.6 million).

Also, Kogas said in a separate statement that its unit Korea LNG Bunkering has selected Hyundai LNG Shipping in January to operate the new ship.

The new 7,500-cbm vessel adds to SM Jeju LNG2, Korea’s first LNG bunkering vessel which Kogas chartered from Korea Line.

Last year, Korea LNG Bunkering or KOLB signed a deal to supply LNG with SM Jeju LNG2 to H-Line Shipping’s vessel in South Korea.

Besides these ships, EK Heavy Industries last year completed South Korea’s first LNG bunkering vessel for coastal ships.

The vessel named K LNG Dream has a capacity of 500 cbm.

Most Popular

Hudong-Zhonghua launches LNG carrier

Chinese shipbuilder Hudong-Zhonghua has launched one 174,000-cbm liquefied natural gas (LNG) carrier it is building for NYK and CNOOC.

Woodside names Sarah Bairstow as Louisiana LNG head

Australian LNG player Woodside has appointed Sarah Bairstow to lead its Louisiana LNG project.

QatarEnergy LNG carrier named in China

China’s Hudong-Zhonghua hosted a naming ceremony for one 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

More News Like This

South Korea’s Kogas reports lower sales

South Korean LNG importing giant Kogas said its gas sales dropped by 3.8 percent in March compared to last year. South Korean LNG imports rose last month year-on-year.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

South Korea’s Kogas boosts sales in February

South Korean LNG importing giant Kogas said its gas sales rose 20.4 percent in February compared to the same month last year.

HD Hyundai Heavy lays keel for Excelerate’s FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has laid the keel for Excelerate Energy's new floating storage and regasification...