HMD has been working on its diversification strategy into high-value-added ships. Last year the company delivered its first LNG carrier, the 33,000m³ Ravenna Knutsen.

The LNG carrier market has been traditionally focused on large-scale vessels with a capacity of 160,000 cbm or over. However, the growing demand for LNG as a transitional fuel and the expanding LNG bunkering infrastructure worldwide have spurred the growth of the small-scale LNG tanker segment.

HMD is also developing new types of liquefied hydrogen and ammonia carriers and ammonia– and hydrogen-fueled ships.

In 2021, Korean Register (KR) awarded approval in principle (AiP) to two green ammonia-fueled ships developed by Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD).

One of the ships is a 60,000 cbm ammonia-fueled ammonia carrier and the other is a 38,000 cbm ammonia carrier/bunkering ship.

Source: https://www.offshore-energy.biz/exmar-lpg-orders-two-dual-fuel-lpg-carriers/