In a bold move that underscores the maritime industry’s shift toward cleaner energy, Malaysia’s MISC Berhad has inked a $312 million deal with South Korea’s HD Hyundai Heavy Industries to build two of the world’s largest ethane carriers. These cutting-edge vessels, designed to slash emissions and meet stringent environmental regulations, are set to redefine the future of gas transportation.
A New Era of Dual-Fuel Giants
The two very large ethane carriers (VLECs), each boasting a staggering 100,000 cubic meter capacity, will be constructed at HD Hyundai’s Ulsan shipyard. Scheduled for delivery by the end of 2028, these behemoths are not just big—they’re smart. Equipped with dual-fuel ethane propulsion engines, the VLECs are designed to significantly reduce greenhouse gas emissions while complying with the International Maritime Organization’s (IMO) Tier III nitrogen oxide (NOx) regulations.
But that’s not all. The vessels will also feature shaft generator technology, which harnesses power from the main engine for onboard use. This innovation is expected to drastically cut fuel consumption and emissions, making these ships a win for both efficiency and sustainability.
PTT’s Long-Term Vision
Once completed, the VLECs will embark on a long-term charter with Thailand’s state-owned oil and gas giant, PTT. The company plans to use these carriers to transport ethane from export facilities in the United States to Thailand. Beyond ethane, the vessels are also capable of carrying ethylene and liquefied petroleum gas (LPG), adding versatility to their impressive environmental credentials.
This partnership highlights the growing demand for cleaner energy solutions in the maritime sector, as companies like PTT seek to reduce their carbon footprint while meeting global energy needs.
MISC’s Green Shipping Ambitions
MISC Berhad is no stranger to innovation in maritime sustainability. The company has been steadily building its portfolio of eco-friendly vessels, including the world’s first ammonia dual-fuel Aframax tankers, ordered in 2024. These tankers, developed in collaboration with Swiss marine engine developer WinGD, are part of MISC’s broader strategy to prepare for a future dominated by alternative fuels.
The company’s efforts extend beyond hardware. Through partnerships with organizations like ALAM (Malaysian Maritime Academy), MISC is investing in crew training and technology development to ensure a smooth transition to cleaner shipping operations.
A Glimpse Into the Future
As the maritime industry charts its course toward net zero, MISC’s latest venture with HD Hyundai Heavy Industries is a testament to the sector’s commitment to innovation and sustainability. These VLECs are more than just ships—they’re a glimpse into a future where cleaner, smarter vessels dominate the seas.
