Kvaerner To Help HHI Construct LNG Carriers

Norwegian industrial group Kvaerner's subsidiary Kvaerner Eureka recently signed contracts with shipbuilder Hyundai Heavy Industries worth about $6.6 million for help in construction of LNG carriers.

Kvaerner Eureka will assist Hyundai in the fabrication of aluminum cargo tanks for South Korea's first LNG carrier.

On-site training at Hyundai's Busan yard while the tanks are being built and installed is also included in the contracts, which it is believed could take two years to complete and involve at least 10 people from Kvaerner being transferred to the yard.

Although only one large LNG carrier is now on order from Hyundai, as many as eight more could be ordered to help meet South Korea's growing demand for imported gas.

The first LNG carrier, which will be owned by a consortium of shipping companies, is also the first of these specialized ships to be built in South Korea, though Korea's yar have been anxious for a number of years to start building these vessels.

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