K Shipbuilding, Sejin and ClassNK signed MOU for joint development of new generation Eco LPG carrier applying the amended IGC Code

- MOU signing ceremony held at Gastech 2026 

From left:

Mr. Hyeun-Chul SUNG, Vice President & CPO, K Shipbuilding

Mr. Do-Hyung KIM, CTO, Sejin Heavy Industries

Mr. Hayato Suga, President & CEO, ClassNK

K Shipbuilding Co., Ltd., Sejin Heavy Industries Co., Ltd. and ClassNK have signed an MOU (Memorandum of Understanding) regarding the joint development of a new generation Eco LPG carrier that complies with the IGC Code amendment. The signing ceremony was held at Gastech 2026 in Bangkok, Thailand.

An amendment to the IGC Code, an international code for the construction and equipment of ships carrying liquefied gases in bulk, is scheduled to be adopted at MSC 112 (to be held in December this year) and to enter into force on July 1, 2028.

Prior to its application, K Shipbuilding, Sejin Heavy Industries and ClassNK have agreed to the joint development of a 9,000 m³ class LPG carrier that complies with this amended code.

In addition, the LPG carrier to be developed under this project will be equipped with Energy Saving Devices (ESDs) aimed at improving operational efficiency. By incorporating a Rudder Bulb and Energy Saving Fin, both of which contribute to enhanced propulsive efficiency, the vessel is expected to achieve improved fuel efficiency and reduced greenhouse gas emissions.

The roles of each party are as follows:

K Shipbuilding: Development of a 9,000 m³ class LPG carrier applying the IGC Code amendment

Sejin Heavy Industries: Development of its cargo tank design applying the IGC Code amendment and wide-plate bending technology

ClassNK: Review of the design based on the IGC Code amendment

Through this collaboration under the MOU, K Shipbuilding, Sejin Heavy Industries and ClassNK will ensure the smooth application of the IGC Code amendment and contribute to the safe maritime transport of liquefied gases.

■ Contact: ClassNK www.classnk.com