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Petronas Adds Three LNG Carrier Newbuilds April 29, 2021 © vladsv / Adobe Stock Malaysia's state oil firm Petroliam Nasional Bhd is expanding its global fleet of liquefied natural gas (LNG) carriers with three newbuild 174,000 cubic meter capacity vessels, the company said on Thursday. The company, best known as Petronas, inked a time charter party (TCP) agreement with shipowner Hyundai LNG Shipping, which has signed shipbuilding contracts with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of the three vessels that ar...

PETRONAS diversifies its global LNG fleet with three newbuild vessels PETRONAS LNG Ltd. (PLL) has signed a Time Charter Party (TCP) for three newbuild 174,000 cubic metres LNG vessels with shipowner, Hyundai LNG Shipping (HLS). The deal with HLS was awarded via an international tender exercise to support PETRONAS’ growing global LNG business portfolio, according to the company's release.   As part of the agreement, HLS had signed shipbuilding contracts with Hyundai Heavy Industries (HHI) for the construction of the three vessels. Upon completion, these vessels would be amongst the most en...

Using Smart Technology To Drive More Sustainable Fleets CHALLENGES Smart technology used for health and condition monitoring has significant potential to improve the safety and operational performance of marine assets. ABS worked with Hyundai Heavy Industries Group (HHI Group) qualifying the shipyard’s new technology by issuing a Product Design Assessment (PDA) and a New Technology Qualification (NTQ) for the ‘smart’ functions they designed. SOLUTION Supporting the roll out of HHI Group’s smart-function solutions by providing independent verification, validation and issuing product a...