Hyundai Global Services Enters into Eco-friendly Ship Services Business with KSS Line

Gas Star, 84,000cbm LPG carrier of KSS Line. The ship is going to be the first among KSS Line’s fleet to be retrofitted with Exhaust Gas Cleaning System. Photo: Hyundai Global Services

By Aiswarya Lakshmi

Hyundai Global Services (HGS), Hyundai Heavy
Industries' (HHI) newly spun-off company specializing in
providing total marine services announced today it signed an MOU
with KSS Line, a Korean shipping company, for entering into
eco-friendly ship business.

Under the MOU, two companies join forces to retrofit the
medium-sized LPG carriers owned by KSS Line with Exhaust Gas
Cleaning System. Ships equipped with the cleaning system will be
able to meet the IMO's sulfur emission cap of 0.5% even with
bunker-c oil, cheaper than marine gas oil, and thus will
significantly be able to lower fuel costs.

From this month, the two companies operate a task force team that
is conducting basic engineering of the system, and is scheduled
to finalize detail engineering by the end of this year. In the
meantime, KSS Line will analyze fuel savings by making use of
internal voyage data to be collected from the retrofitted ships,
and to conduct feasibility study of the joint business.

It is forecast that more than 15,000 ships will have the system
onboard and the global market to grow worth about USD 1 billion
by 2020.

Moreover, HGS also set up strategic partnerships with
Sweden-based Alfa Laval for retrofitting Ballast Water Treatment
System on February 20 at its Busan headquarters.

Feb 20, 2017

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