Page 2nd Cover: of Maritime Reporter Magazine (December 1996)

Samsung is an active role ready to play in LNG market

In August 1996, Korea Gas Corporation (KOGAS) placed an order for a 138,000m3 LNG carrier, further testimony to Samsung Heavy

Industries' (SHI) expertise in building highly sophisticated vessels. The next generation tanker from Samsung Koje Shipyard for KOGAS will be built with Technigaz Mark I membrane technology. This method is economically tanker construction market, the company has set up various testing, verification and management systems. |

By building three mock- IKmMMI up tanks, SHI has perfected its design, production processes, employee training programs, production facilities and machine tool development and application.

SHI began to invest in LNG tanker technology in 1986, and in 1990 acquired advantageous from both a shipbuilding and ship operation standpoint. New materials such as polyurethane foam and triplex are employed, providing excellent quality technology for constructing two types of membrane cargo (Technigaz Mark I and GT 92-2) from

Gaz Transport & Technigaz Co. The company has a track record of build quality, and its move into the LNG carrier sector is backed by certificates of quality from Bureau Veritas *-! (1990), Lloyd's Register (1993), and Korean

Register of Shipping (1994).

SHI has already proven itself to be highly capable in the building of high value-added ships such as FPSO (Floating, Production, Storage and

Offloading) tankers and multi-purpose shuttle tankers for international clients. Now, SHI is ready to play an active role in the market for advanced LNG carriers.

HEAVY INDUSTRIES

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