Hyundai Heavy wins contract to build Asia’s largest FSRU

Hyundai Heavy wins contract to build Asia’s largest FSRU

Hyundai Heavy Industries (HHI) has won a contract to build India’s first and Asia’s biggest floating storage regasification unit (FSRU) LNG terminal in Karnataka, according to the Korean shipbuilding newswire Asiasis.

The gas terminal is invested in by India’s Fox Petroleum. HHI beat out compatriots Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering for the prized contract. The 330,000 cu m facility is thought to be costing Fox around $1.05bn. HHI is scheduled to deliver the unit by the end of 2018.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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