On January 24, 2022, Furui CIT successfully delivered the first set of fuel tanks for the 250-cubic LNG powered retrofit ship project, officially opening the LNG powered retrofit ship market.

The 250 cubic LNG fuel tank shipped this time is adapted to the LNG power system of Hoglund, a Norwegian FGSS supplier, and is specially designed and developed for the multi-purpose carrier "Hannah Kristina" under Norwegian shipowner Base Marine. This is the first cooperation between Furui CIT and Hoglund, both of which are well-established LNG power system and equipment suppliers. In response to the delivery requirements of "fast in, fast out" and "precise checkpoints" in this ship conversion project, the two parties integrated their respective resource advantages and summed up a set of management methods and technological processes suitable for the ship conversion project. Be prepared for the rapid growth of the market.

Background information

In order to achieve the goal of minimizing global greenhouse gas emissions, the International Maritime Organization (IMO) has introduced a series of carbon emission regulations. As a result, LNG is under the spotlight as the shipping industry’s transition fuel to a zero-carbon future, and orders for dual-fuel powered ships are pouring in. According to the latest data in 2021, 63.7% of the ships undertaken by the three major Korean shipbuilding companies have adopted dual-fuel technology, and LNG-powered ships are gradually becoming the mainstream in the new shipbuilding market. In order to achieve the goal of carbon reduction and emission reduction faster, the larger stock of ships in operation is in urgent need of renovation and upgrading, and the market size of the renovation ships will reach 10-15 times that of new ships. Major system companies and equipment suppliers urgently need to improve production processes and manufacturing processes to meet the needs of large-scale dual-fuel ship retrofits.