From Yahoo Finance: 2025-06-04 12:24:00

HD Hyundai Heavy Industries and Korean Register signed an MoU to develop a very large ethane carrier (VLEC) at Nor-Shipping 2025. The VLEC will have a cargo capacity exceeding 100,000m³ and will be designed for transporting ethane, LPG, and propylene. Hyundai Heavy Industries will lead the vessel’s design, while KR will review safety and regulatory compliance.

The VLEC will feature advanced engineering facilities and specialised design for transporting liquefied ethane at ultra-low temperatures. Hyundai Heavy Industries aims to demonstrate technological leadership in the ethane transportation market by delivering a sustainable solution that enhances profitability and environmental performance. The partnership is expected to enhance operational flexibility and market responsiveness for shipowners.

Korean Register chairman & CEO LEE Hyungchul stated that the joint effort with Hyundai Heavy Industries marks a meaningful starting point in the development of next-generation ethane carriers. KR remains committed to driving innovation in future ship technologies. Korean Register previously granted approval in principle certification to VINSSEN for South Korea’s first tugboat equipped with a hydrogen fuel cell propulsion system.



Read more at Yahoo Finance: HD Hyundai Heavy Industries, Korean Register to jointly develop VLEC