HD HHI and Evangelos Marinakis-led Capital Gas Ship Management have received approval in principle for a 40,000 cu m LCO2 carrier from the classification society Lloyd’s Register. The project builds on the deal for the construction of four 22,000 cu m low-pressure LCO2 carriers equipped with IMO Type C storage tanks and a cargo handling system able to accommodate CO2, ammonia, and LPG. Capital Gas ordered the first pair of such vessels from Hyundai in July last year for KRW 179bn ($130,4m). Another two were ordered in February this year. Marinakis’ company came on board for the development of Hyundai’s LCO2 carriers in September 2022. The approval in principle was awarded during Posidonia 2024 in Athens, Greece. On Wednesday during the event, Capital Gas, Erma First, and Babcock also agreed to install a pioneering carbon capture and storage system on the four LCO2 carriers. “As the first to manage orders for these types of vessels, placed by independent owners, we are committed to continuing this innovative trajectory. We are actively exploring the potential for these technologies to support larger vessels in collaboration with our partners. We expect the demand for such vessels to increase soon,” said Alexandra Xystra, technical director of Capital Gas. “We are seeing more opportunities in the carbon dioxide carrier market as more carbon dioxide is expected to be transported with active carbon dioxide emissions trading and increased carbon capture facilities,” added Seung-Ho Jeon, SVP and chief technical officer of HD HHI. This is not the first approval in principle given to Hyundai since the start of Posidonia. Korean Register awarded approval in principle to Hyundai for a next-gen K-ammonia storage and powered pure car and truck carrier on Tuesday. Another notable approval at the event was awarded by Lloyd’s Register to Guangzhou Shipyard International. It was for what was described as the world’s largest ammonia carrier with a carrying capacity of 100,000 cu m. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsGreece Posidonia South Korea