After a period of negotiation, Korean ship owner, ILSHIN and HMD (Hyundai Mipo Dockyard) have signed a shipbuilding contract for a 50,000dwt bulk carrier.

As a world first for the segment, the vessel will be powered by an MAN B&W 6G50ME-C9.5-GI engine, to be built by HHI-EMD who will also supply the ME-GI and fuel gas supply system.

POSCO, the multinational steel-making company headquartered in Pohang, South Korea, has already agreed to charter the newbuilding upon delivery, and will use the vessel to transport limestone for its operations.

POSCO will deliver the LNG fuel tank, which will be made of high-Mn steel as an alternative material to the currently widely used nickel alloy.

Source: MAN Diesel & Turbo