Monday, 26 August 2019 04:04 GMT
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H-Line Shipping places order with Hyundai Samho Heavy




(MENAFN) South Korean shipping firm,H-Line Shipping Co., has placed an order worth 140 billion won for two bulkers with Hyundai Samho Heavy Industries Co.

According to the Ministry of Oceans and Fisheries, the 180,000-ton vessels - powered by liquefied natural gas (LNG) - will be used on a route between South Korea and Australia starting from 2021.

The bulk carriers will be the first LNG ships in South Korea to sail on a foreign shipping route, the ministry added.

The government is funding 9.6 billion won for the project to help develop the emerging marine transport sector comply with the International Maritime Organization's sulfur cap on bunkers, set to be enforced in 2020.

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H-Line Shipping places order with Hyundai Samho Heavy

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