ABS has granted Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design.
The two companies collaborated with the objective of developing a technically feasible and class compliant FLNG hull design, using the latest industry trends while maintaining high safety standards.
The ABS AIP means the design substantially complies with Class and Regulatory requirements and minimizes risk to project schedules and safe operations, giving regulatory agencies and other key stakeholders confidence in the design.
“The Newbuilding Conversion FLNG hull design can be constructed for about half the cost as compared to a standard FLNG hull,” says Jae-Eul Kim, HHI Senior Vice President, Shipbuilding Division.
In addition, a Newbuild Conversion FPSO Hull concept design is under development, following the same process.