Korea’s Daehan Shipyard and DNV to design small-sized LPG carriers

The Daehan Shipbuilding Co. has announced it will be developing a new design for small-size LPG carriers. The company entered into a joint development project with DNV GL to design this new class of vessel.

Daehan is making a number of steps to expand its business. The company’s success comes just a few years after it was in receivership and many thought the yard might be merged into Daewoo which was already providing management.

Citing tightened emission regulations and a shale gas boom, the company said in announcing this new joint project that it anticipates an increase in demand for LPG and LNG carriers.

A hike in freight rates is also expected to stimulate the growth in LPG carriers. To keep pace with this industrial trend and seize opportunities, DHSC said it has decided to diversify from its current business in crude and product tankers and start to develop LPG carriers.

Mr. Dae-Seong Jeong, DHSC President & CEO, said: “DHSC already established its position as a reliable shipbuilder with the capability to build different ship types other than gas carriers. As the industry is changing rapidly, we are now strengthening our competitiveness by developing LPG carriers and show our technological competence to ship owners.”

DNV and Daehan will commence a four-month project focusing on gas carriers. DNV GL will review the basic and detailed designs for the vessels in accordance with the relevant rules and regulations as well as provide technical advice and recommendations to help enhance the design development.

For more information visit www.daehanship.com

7th September 2020