Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGITICS. The project is a collaboration between POSCO and ILSHIN LOGISTICS to develop the first in a new generation of ships for greener shipping. When delivered in the fourth quarter of 2017, the ship will transport limestone cargoes in the Korean coastal trade for steelmaker POSCO.

Lloyds Register and the Korean Register will provide dual classification and certification, verifying compliance with the International Gas Fuel (IGF) Code. The new type of cryogenic steel, developed by POSCO, is high in manganese and will be used for the 500 m3 capacity Type C LNG fuel tank, located on the aft mooring deck. The properties and characteristics of the high manganese steel, as well as the required welding technology, have been proven suitable for cryogenic applications.

The ship has been designed with a maximum draught of 12.0 m, LOA of 191 m, breadth of 32.26 m, and a maximum capacity of 50,000 dwt. The propulsion system is a dual-fuel high-pressure gas injection engine, the HYUNDAI-MAN B&W 6G50ME-C9.5-GI. The LNG gas supply system consists of: a high-pressure pump, high-pressure vaporizer, low-pressure vaporizer and a glycol water heating system.