Hyundai Mipo Dockyard and ILSHIN LOGISTICS have successfully delivered the world’s first LNG-fueled bulk carrier under the dual-class of Lloyd’s Register (LR) and Korean Register. The 50,000 dwt bulk-carrier has also been verified to be in compliance with the International Gas Fuel (IGF) Code. The vessel is the result of a collaboration project announced in July 2016 to develop the first in a new generation of environmentally-friendly LNG-fueled bulk carriers.

The ship has a Type C LNG fuel tank with a capacity of 500 m³, made of austenitic high manganese steel and located on the aft mooring deck. The material developed by POSCO has a high manganese content of approximately 26% and is specially designed for cryogenic LNG and liquefied gas storage applications. The properties and characteristics of the high-manganese steel, as well as the required welding technology and fuel tank design, have been proven suitable for cryogenics through the process of LR certification, which was officially issued in July 2017.