probunkers signs LOI with Hyundai for the construction of LNG bunker vessels

probunkers signs LOI with Hyundai for the construction of LNG bunker vessels

probunkers has signed a Letter of Intent (LOI) with South Korea based Hyundai Mipo Dockyard (HMD) for the construction of two 7,600 m3 liquefied natural gas (LNG) bunker vessels.

The signing of this LOI comes following a lengthy process during which probunkers technical team reviewed more than thirty ship design proposals to serve the purpose of the project. The American Bureau of Shipping (ABS), leading design, engineering and manufacturing companies, as well as experienced seafarers who have all followed the developments in the world of LNG as fuel were involved in the review process.

“Having reached an initial agreement with HMD is a major milestone in our project that underlines our aim towards quality and reliability, cornerstones in probunkers’ philosophy, while at the same time demonstrates the confidence of all stakeholders in the success of our plan and the importance of it,” said probunkers’ CEO, Alexander Prokopakis.