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[Having a fruitful meeting with 'B' company by sharing the idea on LNG bunkering system and agreed to collaborate on a feasibility study]

We, ISSAC E&C, have been making efforts to enlarge business area into LNG bunkering field. As a first step, ISSAC is going to conduct a feasibility study on LNG bunkering terminal in the Mediterranean area, the Aegean sea and Marmara sea for 6 months as a government task from Korean Ministry of Maritime Affairs and Fisheries.   

In order to discuss further in details on this business, we went on business trip to Turkey for 6 days (1st of Jan through to 6th of Jan., 2018) and had fruitful meetings with local esteemed companies who will jointly collaborate in a feasibility study. 

An esteemed Turkish company specialized in shipbuilding equipment will lead this project and ‘K’ law firm, an investment consulting company in Oil and Gas industry, will also participate as a partner.

One of the participants, 'B' company, a country owned company in energy field like KOGAS in Korea, has particularly agreed to cooperate conducting feasibility study on LNG bunkering business in Turkey.

ISSAC will conduct this feasibility study with the goal to fabricate FSRU and/or FLBT and apply this new concept of LNG bunkering system in Mediterranean and Black sea area. This new concept of LNG bunkering system is considered as the most efficient alternative to global air pollution and is expected to be in much demand globally in the near future.

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[A simple MOU signing ceremony was held at the headquarter of ‘K’ law firm in Istanbul on the 3rd of Jan., 2018]

Through this opportunity, we will be able to boost domestic shipbuilding and relevant equipment business and accumulate new technology relevant to LNG bunkering by fabrication and operation & maintenance of world first FLBT and/or FSRU.

 

 

 

 

 

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List of Articles
No. Subject Date Views
73 The license of Information and Communications construction business has been issued file 2020.08.26 553324
72 FEED Engineering contract 2020.06.04 18062
» Business trip to Turkey to discuss LNG bunkering business including its feasibility study in Turkey file 2018.01.10 15949
70 ISSAC 3rd years anniversary! file 2016.09.08 14071
69 Valuable time with Gurdesan from Turkey file 2018.07.27 12414
68 The de-stacking activity has been completed(TCO-DSME) file 2020.06.29 10333
67 Staff profile test documents... file 2016.09.08 9138
66 Honorable our FSO Commissioning Team file 2016.09.08 7579
65 Participated in the forum to discuss on the cooperation between big and small-medium sized companies in shipbuilding and offshore plant industry file 2017.11.27 6730
64 Urgent repairing activity for an offshore supply vessel had been completed 2020.12.23 5828
63 [Excerpt from a newspaper] ISSAC E&C aggressively enlarges their business into BWTS & SOx Scrubber Retrofit fields file 2018.10.22 5731
62 Floating Dock Purchase file 2016.12.27 5187
61 Wind Energy Project file 2021.09.08 4455
60 Sports event for ISSAC Shinhan TCO piping team file 2018.05.21 4093
59 Partnership Agreement with a major partner in China and 3 Chinese shipyards for SOx scrubber and BWMS retrofit 2019.01.18 3923
58 Awarded One Million USD Export Tower file 2016.12.22 3270
57 MOU With KIMFT & SPIE file 2016.09.08 3257
56 Sail away Floating dock 2022.04.27 2641
55 ISO/IEC 17020 Certificate for Noise & Vibration Inspection on Ships file 2016.12.30 2535
54 Agreement of Technical Consultancy Service for WTIV 2022.12.21 2286
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