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LNG Tank
As a global No.1 LPG tank manufacturing company, we are recognized for our technological prowess thus successfully entered the LNG Tank market.
Liquefied Gas Tank is a liquid storage container for petroleum gas, ethylene gas, natural gas, and ammonia gas. It is a high-end product that requires perfection of welding and insulation to withstand high pressure and ultra-low temperatures for transportation.
Our company has continuously accumulated the technical skills to manufacture various type of tanks since our first delivered LPG tank in 2005. We have laid the foundation to enter the LNG tank market by producing LEG Tank in 2017. We are leading the market by diversifying into LNG Tank in 2019.
It is expected that orders for ships such as gas carriers and LNG propulsion ships will increase due to tightened IMO environmental regulations. Accordingly, we will focus our efforts on LNG Tank to ensure differentiated quality and price competitiveness that can generate continuous profits.
Business Highlights
| First Product Delivery | Product Capability | Supply Track Record | Domestic Market Share |
|---|
| 2005 | 121,500 ton (25 units/year) | 1,049,384 ton (297 units) | 100.0% (21 units) |
Note) Market share was calculated based on the number of units built by ship type (2014 shipbuilding Yearbook, Korea Offshore & Shipbuilding Association)
Production Performance
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|
| 24,785 ton (9 units) | 52,300 ton (13 units) | 42,370 ton (10 units) | 45,317 ton (16 units) | 59,200 ton (21 units) | 53,384 ton (21 units) |
