JULY 7, 2015 — Hyundai Heavy Industries, the world's largest shipbuilder, and GE Aviation and Marine have won Approval in Principle (AIP) from Lloyd's Register for a gas turbine-powered 174,000 cu.m LNG carrier.
Since it does not need additional equipment to meet IMO Tier III exhaust emission limits, GE's gas turbine-based Combined Gas turbine Electric and Steam system (COGES 2.0) will save shipowners or operators an estimated $17.83 million on the assumption that the LNG carrier operates for 20 years with an annual operating cost of $720,000,
The gas turbine-powered system is 60 percent lighter than conventional engines and will lower operating and maintenance costs accordingly. Durability and low vibration/noise of the engine are also test-proven over 70 million hours of application on offshore platforms, onshore power plants, and high-speed ferryboats.
Mr. Brien Bolsinger, vice president of GE Aviation and Marine, said, "We have put enormous efforts into developing the world's first gas turbine-powered LNG carrier in close cooperation with HHI. With the AIP, we are proud to introduce the eco-friendly and fuel-efficient gas turbine-powered LNG carriers to the market."
Mr. Shin Hyun-soo, CTO of HHI, added, "The LNG carrier we introduce today is a culmination of the seamless teamwork of GE and HHI. We will continue to enhance our competitiveness through ongoing technological cooperation including the application of the gas turbine engine to large containerships."