South Korea-based Hyundai Mipo Dockyard (HMD) has secured an approval in principle from Lloyd’s Register (LR) for an LNG-fuelled 50,000 deadweight tonnage-class MR tanker design.

HMD has been focusing on LNG-fuelled ships to meet the new rule related to the fuel oil limit of 0.50% m/m, which will become effective from 1 January.

The construction of the LNG-fuelled tanker will also enable the South Korean firm to offer eco-friendly, commercially feasible and modern designs.

As a result of technical cooperation with LR, HMD has already used an LNG-fuelled propulsion system into its design to ensure it complies with the new IGF code along with LR’s gas-fuelled rules.

HMD is currently reviewing several other types of vessels for LNG-fuelled applications, including bulk carriers and container ships.

HMD executive vice president Jeon Seung-Ho said: “We have focused on developing both a technically reliable and commercially feasible solution for a LNG dual-fuelled propulsion system. We are glad to be one step closer to making this solution a reality.”

“It will provide the shipping industry with more practical options to comply with the upcoming global sulphur in fuel oil limit.”

Pursuant to the LR ShipRight Procedure for Risk-Based Designs, LR implemented a risk-based approach to review the novel design and organise a hazard identification (HAZID) workshop for the LNG fuel supply system (and associated ancillaries).

The result of the HAZID workshop, together with the concept design, was reviewed, and several actions and recommendations were made prior to obtaining a principle approval for the tanker, the company said.

LR Korea chief representative marine manager Jin-Tae Lee said: “We are very pleased to grant AiP by working together with HMD to develop this commercially feasible LNG-fuelled MR tanker design.

“It will provide the shipping industry with more practical options to comply with the upcoming global sulphur in fuel oil limit where they can be confident with the safety and operability of the LNG burning system.”