Capital Maritime orders large LCO2 tankers Ship’s crew

HD Korea Shipbuilding and Offshore Engineering, an intermediate holding company of HD Hyundai, has been awarded a US$141 million contract to build two 22,000 cubic meter class liquid carbon dioxide (LCO2) tankers for Greek vessel operator Capital Maritime Group.

The carriers will be built at the Hyundai Mipo Dockyard in Ulsan and will be delivered in stages in the second half of 2025.

In addition to LCO2, the 159.9 meter long ships are also designed to transport other liquefied gases such as LPG and ammonia. In the future, they will also be equipped with “ammonia-ready” engines, which in future can be operated with ammonia fuel.

Demand for LCO2 carriers is expected to increase as the global carbon capture and storage market expands to meet emissions targets.

“For the future we expect orders for large LCO2 carriers in mega format,” said a spokesman for HD KSOE. “We will lead this market based on our achievements in technological developments that we have pre-emptively accumulated.”

“We hope to lead the carbon carrier market with HD Hyundai, the company most technologically prepared for the next-generation green shipbuilding sector,” the Capital Maritime Group added in a statement.

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