Designs the Result of Six-Month JDP between ABS, Hyundai Mipo Dockyard, Korea Shipbuilding and Offshore Engineering and Republic of the Marshall Islands Maritime Administrator

Liquefied CO₂ carrier designs by Hyundai Mipo Dockyard (HMD) and Korea Shipbuilding and Offshore Engineering (KSOE) have been granted Approval in Principle (AIP) by ABS and the Republic of the Marshall Islands (RMI) Maritime Administrator.

Presented at the Gastech 2021 Conference, the AIP is the culmination of a six-month joint development project (JDP) between ABS, HMD, KSOE and RMI to research and develop next generation liquefied CO₂ carrier designs.

HMD developed a cargo containment system optimized for liquefied CO₂ based on its existing gas carrier construction experience, while KSOE developed a cargo handling system with new technology to maintain a stable state without carbon dioxide being emitted into the atmosphere. ABS and RMI granted AIP, verifying the suitability of IGC Code, Class requirements and flag regulations for liquefied gas carriers.

“Carbon capture, utilization and storage is a rapidly developing technology with the potential to contribute significantly to global decarbonization ambitions. Shipping needs to be ready to play its part in the developing carbon supply chain with vessels capable of safe and efficient transport of CO₂. ABS is the leading Class for gas carriers and this means we are well placed to support development of these vessels,” said Georgios Plevrakis, ABS Director, Global Sustainability.

“The response to climate change will be a new opportunity for the shipbuilding industry. Through this development of a liquefied CO₂ carrier, we will further enhance our competitiveness in the future eco-friendly shipbuilding market that leads carbon neutrality,” said Y.J.Nam, HMD Executive Vice President.

“This is the first step for realizing a CO₂ carrier, but I believe that the achievement of this JDP is a big step towards commercializing a CO₂ carrier. This is because our new design can provide a safe and cost-effective solution for CO₂shipping, which can be an important part of the CO₂ value chain,” said Byeong-Yong Yoo, KSOE Vice President.

“The Republic of Marshall Islands Maritime Administrator is committed to supporting efforts to achieve global decarbonization goals. The liquid CO₂ carrier is a critical component to carbon capture, utilization and storage strategies that will directly contribute to the ongoing global energy transition.  We are pleased that the RMI Maritime Administrator’s environmental stewardship is being recognized and how the gas and technical teams played a pivotal role in the completion of this development project,” said Thomas Blenk, Deputy Commissioner of Maritime Affairs.

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