Hyundai Heavy Cuts Steel for KSS Lines VLGC

zoom South Korean shipbuilder Hyundai Heavy Industries has organised a steel cutting ceremony for a Very Large Gas Carrier ordered by compatriot LPG and chemical shipping company KSS Line. The 84,000 cbm LPG carrier is due for delivery in 2016, and is assigned on a seven-year-plus time-charter with Japanese trader Itochu. Back in February, KSS Line signed a financing deal with Korea Development Bank for the construction of this VLGC. KSS Line has two more 38,000 cbm LPG/ammonia carriers under construction at Hyundai Mipo Dockyard, scheduled for delivery in 2017. With these three newbuilds, KSS Line will own and operate a fleet of 15 gas carriers, 6 chemical, and 4 LNG carriers. World Maritime News Staff