Hyundai Glovis expands LNG dual-fuel PCTC fleet

South Korean car carrier Hyundai Glovis has entered into a strategic agreement with state-backed financial services business Korea Ocean Business Corporation for the construction of four LNG dual-fuel pure car and truck carriers (PCTCs), it said on February 7.

Under this agreement, the Korea Ocean Business Corporation will oversee the shipownership project for the construction of the four LNG dual-fuel PCTCs, scheduled to be delivered in 2027. These vessels are part of Hyundai Glovis's order for 12 LNG dual-fuel propulsion engine PCTCs, as announced in October of the previous year. Each of these new ships will have the capacity to carry 10,800 small cars.

Hyundai Glovis said it plans to further strengthen its commitment to environmental sustainability by owning a total of 28 LNG dual-fuel PCTCs by 2027, including the vessels secured through this recent agreement. 

In December of the preceding year, Hyundai Glovis, in collaboration with the global containership lessor Seaspan Corporation, placed an order for six PCTCs with China’s Shanghai Waigaoqiao Shipbuilding.