probunkers has signed a letter of intent (LOI) with Hyundai Mipo Dockyard (HMD) for the construction of two liquefied natural gas (LNG) bunker vessels.

According to the agreement, the South Korean shipyard will construct two 7,600m3 LNG bunker vessels.

Before the agreement was signed, the company’s technical team reviewed approximately 30 proposals for ship designs.

The Classification society American Bureau of Shipping (ABS), major design, engineering and manufacturing companies and experienced seafarers with expertise in the use of LNG as fuel have all joined the project.

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probunkers CEO Alexander Prokopakis said: “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.”

HMD has manufactured and delivered approximately 1000 ships since it entered the shipbuilding market in 1996.

HMD is one of the few shipyards with experience in the design and construction of LNG bunkers. Established in 2017, probunkers is based in Athens, Greece.

In June 2018, ABS signed a joint development programme (JDP) agreement with probunkers to develop a fleet of liquefied natural gas (LNG) bunker vessels for major global ports.