GE’s unit secures $80m contracts for electric power and propulsion systems of LNG carriers and FSRU
GE’s Power Conversion business (NYSE: GE) has been awarded new contracts for orders of electric power and propulsion systems on two liquid natural gas (LNG) carriers and an LNG Floating Storage Regasification Unit (FSRU), the Company press release said.
In total, GE has signed contracts to supply systems for 26 LNG carriers and five FSRUs. In the last six months alone, the company has signed contracts worth around $80 million.
Recent contracts won by GE include:
Signed in March, GE’s propulsion system was chosen by shipbuilder Hyundai Heavy Industries, one of the world’s largest shipbuilder and a long-time proponent of GE electrical drive technology for a FSRU ordered by Höegh LNG.
Hyundai Heavy Industries also selected GE’s power and propulsion system for an LNG carrier being built for Tsakos Energy Navigation, one of the largest transporters of fossil energy in the world. GE will supply four generators, four propulsion transformers, two propulsion converters, two propulsion motors, four distribution transformers, main and cargo switchboards and remote control. GE also will provide project management, system and equipment engineering, commissioning and assistance for sea and gas trials.
Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) chose GE’s power and propulsion technology for two new LNG carriers to be built for Maran Gas Maritime, the gas shipping unit of the Angelicoussis Shipping Group. This is the 11th time that Maran Gas has chosen GE’s Power Conversion business for its LNG carriers. GE will supply a complete system comprising four generators, two propulsion converters, two propulsion motors, four distribution transformers, main and cargo switchboards and remote control. GE also will provide project management, system and equipment engineering, commissioning and assistance for sea and gas trials.
Induction motors for the marine industry were developed 15 years ago by GE’s Power Conversion business for the U.S., English and French navies. Today, GE remains the only company with marine applications that combine high-powered induction motors with PWM. GE’s Power Conversion unit was the first company to equip a full-size LNG carrier with electric propulsion, Gaz de France Energy, in 2002.
