Latest news with #Nor-Shipping2025
Yahoo
2 days ago
- Business
- Yahoo
HD Hyundai Heavy Industries, Korean Register to jointly develop VLEC
HD Hyundai Heavy Industries and Korean Register (KR) have signed a memorandum of understanding (MoU) to jointly develop a very large ethane carrier (VLEC). The MoU was signed at Nor-Shipping 2025, which is being held at Oslo from 2 to 6 June. Ethane carriers are designed to transport liquefied ethane at ultra-low temperatures of approximately -100°C. These ships feature advanced engineering facilities and specialised design due to the nature of their cargo. The partnership will see the development of a VLEC with a cargo capacity exceeding 100,000m³. The VLEC will be designed to optimise cargo volume while adhering to the main specifications of conventional vessel designs. Hyundai Heavy Industries CTO and executive vice president RYU Hong-Ryul said: 'Through the development of this next-generation vessel capable of transporting more cargo under the same conditions, we will once again demonstrate HHI's technological leadership in the global ethane transportation market. 'Ultimately, we aim to deliver a sustainable solution that enhances both profitability and environmental performance for our customers.' The new VLEC will not only be capable of transporting ethane but also other cargoes such as LPG and propylene. This versatility is expected to enhance the 'operational flexibility' and 'market responsiveness' for shipowners. Under the terms of the joint project, HD Hyundai Heavy Industries will spearhead the vessel's basic and hull design. KR will be responsible for reviewing the safety and regulatory compliance of the design in line with its latest structural rules for gas carriers and international standards, with the goal of granting an approval in principle. Korean Register chairman & CEO LEE Hyungchul said: 'This joint effort marks a meaningful starting point in the development of next-generation ethane carriers. KR remains committed to supporting the industry and driving innovation in future ship technologies.' In March, Korean Register gave approval in principle certification to maritime decarbonisation technology provider VINSSEN for what is claimed to be South Korea's 'first' tugboat equipped with a hydrogen fuel cell propulsion system. "HD Hyundai Heavy Industries, Korean Register to jointly develop VLEC" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Star
3 days ago
- Business
- The Star
Norwegian official hails Chinese innovation, calls for deeper maritime ties
OSLO, June 3 (Xinhua) -- A Norwegian official has praised the green technologies and innovative solutions showcased by Chinese companies at Nor-Shipping 2025, expressing hope for enhanced maritime cooperation between Norway and China. Speaking to Xinhua after visiting the China Pavilion, Even Tronstad Sagebakken, state secretary at Norway's Ministry of Trade, Industry and Fisheries, said he was impressed by the technological progress demonstrated by Chinese shipbuilders. It is impressive to see not only the innovation but also the practical implementation of green solutions by Chinese shipbuilders, Sagebakken said. "They are at the forefront of technology development... the advancements we need to drive the green transition in the maritime sector." Sagebakken highlighted the long-standing collaboration between Norwegian and Chinese maritime firms, noting that many Norwegian suppliers are already involved in China's shipbuilding industry. "It's a partnership that goes way back, has developed over time, and is very much appreciated by the Norwegian side." He expressed optimism that this cooperation will grow even stronger in the future, delivering further progress for both countries. Held in Lillestrom, about 20 km east of Oslo, Nor-Shipping is one of the world's premier maritime trade fairs. Established in 1965 and held biennially, the four-day event runs through June 6, drawing nearly 1,000 companies and organizations from over 50 countries and regions. This year's China Pavilion features more than 60 Chinese enterprises -- both major state-owned and private companies, marking the largest Chinese presence in the event's history.
