Published in Lab Law Weekly, October 17th, 2008
Hyundai Heavy Industries (HHI), today inaugurated its new factory in Korea.
The 50/50 joint venture company manufactures Wartsila 50DF dual-fuel engines for LNG carriers and other marine applications. The optimal capacity of the factory is 100-120 engines a year.
Speaking at the inauguration event, Mr Ole Johansson, President & CEO of Wartsila Corporation addressed the need for new LNG terminals to fulfil the growing demand for gas and LNG vessels. "The present LNG fleet of 260 vessels needs to increase to over 700 vessels by the year 2030. The introduction of...
Want to see the full article?
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Lab Law Weekly
NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.