AsiaGasShipyards

VLEC due for delivery next month suffers water ingress

A very large ethane carrier (VLEC) newbuilding under construction at South Korean yard Hyundai Heavy Industries (HHI) has been damaged by Typhoon Maysak, one of the more ferocious storms to hit the Korean Peninsula in recent years.

According to South Korean media reports, the 98,000 cu m VLEC Pang Tian suffered water ingress and listed to starboard.

The vessel is one of the three VLECs under construction at HHI, ordered by China’s Zhejiang Satellite Petrochemical. Malaysia’s MISC recently agreed to take over the ownership of a total of six VLECs from China’s Zhejiang Satellite Petrochemical and charter them back to the company for a period of 15 years.

“MISC is aware of the damaged cause by the typhoon, however the transfer of ownership has not taken place yet,” the Malaysian company told Splash.

VesselsValue’s valuation on Pang Tian is $122.53m. The vessel has already been launched and was scheduled for delivery next month.

Some of HHI’s yard facilities also suffered damage in the typhoon.

Typhoon Maysak made landfall on the southern coast of Busan on Thursday, forcing temporary closure of ports and causing major damage in the region. Port employees spent much of today clearing up the damage including many tumbled container stacks. Another typhoon is also brewing in the region.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

Comments

  1. That ship hides serious stability problems.
    A mere water filtration can not incline a gas carrier in that way. Is not safe!!

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