April 25, 2005
HHI to build LPG trio for Latsis
Hyundai Heavy Industries Co., Ltd. (HHI) says it has secured orders worth $280 million from Latsis Group member CMM of Greece, for three 82,000 cubic meter capacity LPG tankers.
With dimensions of 225 m length, 36.6 m beam and 22 m depth, these are the largest LPG carriers thus far built. Service speed will be 16.75 knots and delivery is set for 2008.d.
Following an order for two similar vessels from a Norwegian company at the beginning of this month, HHI's current order back log of LPG carriers increased to 11 this year, or 17 in total, which is over 60 percent of the world's LPG carrier market.
HHI expects brisk demand of the LPG carriers to continue. It will strive to maintain a leading position while gaining recognition for its construction capabilities and technological abilities from shipping companies worldwide.