Korea Republic of,Malaysia : HYUNDAI HEAVY INDUSTRIES secures $850M contract from PETRONAS.
Hyundai Heavy said the deal will see the company building four LNG vessels, each of which will have a capacity of 150,000 cubic meters, by the latter half of 2016.
It added that the contract also holds an option for a further four LNG carriers of the same class.
Mohammad Nurman Kamaruddin, an LNG shipping broker at SSY Singapore, said : "Petronas is ordering these Moss-type carriers for a specific reason, they are dedicated to their floating LNG projects. Floating LNG is offshore so Moss-type carriers can mitigate the sloshing risk."
2013 Al Bawaba (Albawaba.com)
Provided by Syndigate.info an Albawaba.com company
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|Date:||Oct 12, 2013|
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