Hyundai and Capital Gas get nod for LCO2 carrier

HD HHI and Evangelos Marinakis-led Capital Gas Ship Management have received approval in principle for a 40,000 cu m LCO2 carrier from the classification society Lloyd’s Register.

The project builds on the deal for the construction of four 22,000 cu m low-pressure LCO2 carriers equipped with IMO Type C storage tanks and a cargo handling system able to accommodate CO2, ammonia, and LPG.

Capital Gas ordered the first pair of such vessels from Hyundai in July last year for KRW 179bn ($130,4m). Another two were ordered in February this year. Marinakis’ company came on board for the development of Hyundai’s LCO2 carriers in September 2022.

The approval in principle was awarded during Posidonia 2024 in Athens, Greece. On Wednesday during the event, Capital Gas, Erma First, and Babcock also agreed to install a pioneering carbon capture and storage system on the four LCO2 carriers.

This is not the first approval in principle given to Hyundai since the start of Posidonia. Korean Register awarded approval in principle to Hyundai for a next-gen K-ammonia storage and powered pure car and truck carrier on Tuesday.

Another notable approval at the event was awarded by Lloyd’s Register to Guangzhou Shipyard International. It was for what was described as the world’s largest ammonia carrier with a carrying capacity of 100,000 cu m