Hyundai Mipo Dockyard of South Korea has secured an order to build an LNG-powered bulk carrier for shipowner Ilshin Shipping.
The 50,000-dwt bulk carrier, expected to be delivered in the fourth quarter of 2017, will transport limestone used by South Korean steel giant Posco from Gangwon province to the company’s steel mill in Gwangyang city.
Posco said in a statement issued on Wednesday that it will start supplying its high manganese steel to Hyundai Mipo in the third quarter of this year for the construction of the LNG fuel tank of the bulk carrier.
The high manganese steel to be applied to the LNG fuel tank has a manganese content of approximately 20% and is durable under cold temperatures of up to minus 162 degree celsius, according to Posco.
The bulk carrier will be equipped with a dual-fuel engine capable of using both LNG and oil.