Economou tied to VLGC newbuild slots in South Korea

Greek shipping magnate George Economou is further expanding his gas shipping footprint as TMS Cardiff Gas is linked to an order for two dual-fuel very large gas carriers (VLGCs) at South Korea’s HD Hyundai Heavy Industries. This strategic move, part of a broader contract announced on Friday by HD Korea Shipbuilding & Offshore Engineering, underscores a growing industry trend toward high-capacity, eco-friendly tonnage. These newbuilds are expected to enhance fleet efficiency while meeting the increasing global demand for liquefied petroleum gas transport.

The integration of dual-fuel technology into these VLGCs necessitates strict adherence to the International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code), which complements the existing SOLAS Chapter II-1 requirements. Furthermore, compliance with MARPOL Annex VI regarding nitrogen oxide and sulfur oxide emissions remains critical for these modern vessels. Classification societies like DNV or ABS will oversee the rigorous testing of gas-handling systems, ensuring that operational safety protocols align with international maritime standards for handling cryogenic cargoes in global trade routes.

For chief engineers and second engineers, these dual-fuel vessels represent a significant shift in engine room management and fuel bunkering procedures. These officers must prioritize obtaining specialized training in gas-fuelled engine operations and cryogenic safety systems. Understanding the complex integration between traditional heavy fuel oil systems and gas-injection technology is essential for maintaining compliance and operational efficiency. Staying updated on the latest manufacturer-specific training modules will be vital for career progression on these sophisticated, next-generation gas carriers.