Babcock International’s LGE business has signed frame agreements with Hyundai Heavy Industries, Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard confirming Babcock LGE as preferred supplier for the design and supply of Liquefied Petroleum Gas (LPG) cargo handling systems for Very Large Gas Carriers and Mid-size Gas Carriers.
In addition, Babcock LGE recently signed contracts for the design and supply of Cargo Handling Systems and some Fuel Gas Supply Systems for twelve 40,000m³ LPG ships from Hyundai Mipo Dockyard and three 91,000m³ LPG ships from Hyundai Samho for a variety of ship-owners.
The frame agreements underline the long-term relationship between Hyundai, the world’s largest shipbuilder, and Babcock LGE, the global leader in liquefied gas technology for the LPG carrier market.
The business has established itself as the leading supplier of LPG cargo handling systems with its VentGasCooler (VGC™) technology, which provides increased plant capacity and performance coupled with the ability to carry cargoes with high incondensable or volatile content.
More recently, the launch of Babcock LGE’s marine fuel gas technology, ecoFGSS™, has further cemented its market position with 21 orders to date, including the world’s first new build LPG fuel gas system which will go into service this month. This is a significant milestone in Babcock’s journey of developing and deploying innovative technology to support ship-owners as they meet increasingly stringent regulations on carbon and emissions reductions.
Neale Campbell, Managing Director, Babcock LGE, said: “The successful conclusion of the negotiations with Hyundai, in the face of tough competition, demonstrates the competitiveness of Babcock LGE and when combined with our world leading technology and Hyundai shipbuilding prowess means we jointly present a strong value proposition to the world’s gas ship-owners.”
Mr Joon Ho Kim, senior representative of Hyundai London office, said: “We are delighted to continue our mutual collaboration with Babcock LGE and together we demonstrate strong technical shipbuilding capability to best serve the LPG newbuilding market.”