Korean shipbuilders seize bulk of VLGC/VLAC orders as LPG demand surges

South Korean shipbuilders are currently dominating the global market for Very Large Gas Carriers (VLGC) and Very Large Ammonia Carriers (VLAC) as demand for liquefied petroleum gas surges. Major yards like HD Hyundai Heavy Industries and Hanwha Ocean are securing high-value contracts, shifting focus from traditional LNG carriers to these specialized vessels. With freight rates remaining robust, the maritime industry is witnessing a strategic pivot toward dual-fuel propulsion technologies designed to transport ammonia efficiently across international trade routes.

The operational deployment of VLACs necessitates strict adherence to the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code). Furthermore, these vessels must comply with MARPOL Annex VI regarding nitrogen oxide emissions and the evolving requirements of the International Maritime Organization (IMO) concerning the safe carriage of ammonia as a cargo. Classification societies such as DNV and ABS are enforcing rigorous safety standards, requiring compliance departments to ensure that onboard systems meet the latest technical specifications for gas handling and hazardous material containment.

This surge in VLGC and VLAC orders directly impacts the professional requirements for chief engineers and second engineers. These officers must now obtain specialized certification in gas-fuelled vessel operations and ammonia handling. Engine ratings should also prepare for updated safety drills and maintenance protocols specific to high-pressure gas systems. Staying updated with the latest IGC Code amendments is essential for navigating officers to ensure safe cargo operations and regulatory compliance during port calls.