Residence Shipbuilding MISC tied to $312M HD Hyundai deal for ‘world’s largest’ ethane carriers
March 5, 2025,
by
Sara Kosmajac
MISC Berhad (MISC), Malaysia’s energy-related maritime providers supplier, has been linked to an order for 2 dual-fuel very massive ethane carriers (VLECs) to be constructed by South Korea’s titan HD Hyundai Heavy Industries.
As confirmed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) in a inventory alternate submitting, the 2 ethane carriers are set to be constructed on the shipyard in Ulsan. They had been booked in a deal valued at KRW 458.8 billion (round $312 million) in late February 2025.
In line with MISC, as soon as completed, the VLECs—boasting a 100,000 cbm capability—may rank “among the many largest of their form on the earth.”
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The newbuildings are scheduled for supply by the top of 2028. After the handover, MISC unveiled that the items would go on a long-term constitution with Thai state-owned oil and gasoline participant PTT Public Firm Restricted (PTT).
PTT reportedly plans to make use of the gasoline carriers to cowl the transportation wants of its potential offtake from ethane export amenities in the USA to Thailand. Past this, the VLECs are additionally described as able to carrying ethylene and liquefied petroleum gasoline (LPG).
That includes dual-fuel ethane propulsion engines, the newbuilds are anticipated to ‘considerably’ slash greenhouse gasoline (GHG) emissions, while remaining compliant with the Worldwide Maritime Group’s (IMO) Tier III nitrogen oxide (NOx) laws.
As knowledgeable, along with this, the vessels will likely be outfitted with shaft generator know-how, which harnesses energy from the primary engine for onboard use. The know-how is believed to ‘significantly’ lower each gasoline consumption and emission ranges.
Because the maritime trade steadies its course towards internet zero, MISC Berhad has made efforts to maintain tempo. With a rising urge for food for various fuels, the corporate positioned an order for the ‘world’s first’ ammonia dual-fuel Aframax tanker duo final yr.
Particularly, MISC booked the items through its petroleum arm AET in April 2024 at Dalian Shipbuilding Business (DSIC), a subsidiary of China State Shipbuilding Company (CSSC).
Again then, the Malaysian participant revealed that the tankers would go on a time constitution with compatriot PETCO Buying and selling Labuan Firm (PTLCL), Petronas’ midstream providers arm.
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In Could 2024, it was confirmed that Swiss marine engine developer WinGD was commissioned to provide its X‑DF‑A ammonia-fueled engines for MISC’s Aframaxes.
As understood, this order constructed on a earlier cooperation between WinGD and AET from July 2023, when the 2 events joined forces to allow clean-energy ship operations. To this finish, WinGD and AET mentioned they’d work collectively on know-how growth and coaching for crew in partnership with ALAM, which is operated and managed by MISC’s Malaysian Maritime Academy.
The collaboration was described as an effort to ‘higher’ put together for ammonia-fueled vessels coming into service within the close to future.
