Parker Bestobell Marine has secured a nine vessel order with Daewoo Shipbuilding & Marine Engineering (DSME) worth $5m – its single biggest order to date.
The UK-based business has been contracted by DSME in South Korea to supply the remaining nine vessels in the Yamal series with its tried and tested cryogenic globe and check valves, having already been contracted to supply the first six vessels in the Arc7 ice-class series.
The vessels are part of a series of 15 LNG carriers being built for three different owners – Mitsui O.S.K Lines (Japan), Teekay (Canada) and Dynagas (Greece) – which are all destined for the Yamal gas field in Russian Siberia.
The order marks a milestone in the company’s history as Duncan Gaskin, Market Development Manager at Parker Bestobell Marine, highlighted, “The fact that our valves have been specified for such a large and prestigious project is testament to the quality of manufacture and design, as well as the long-term, reliable performance in the field.”
The Arc7 ice-class gas carriers will operate in Arctic temperatures as low as -54°C, with Gaskin adding, “As these valves will have to operate in extreme environments, we have to take some innovative steps to modify the design of the valves to suit the conditions.”
“We have to take some innovative steps to modify the design of the valves to suit the conditions”
Duncan Gaskin, Market Development Manager, Parker Bestobell Marine
DSME first contracted Bestobell to supply valves for vessels on the Yamal project three years ago, with this new record-breaking contract extending the relationship between the companies for another five years.
Bestobell launched its new range of high-pressure, cryogenic valves in May 2016. The devices can withstand pressures of up to 625 bar with the set including manual, gearbox operation, single actuator and tandem actuator valves.
The company already boasts an extensive list of projects to which it has supplied cryogenic valves for fuel gas systems, including the eight Teekay LNG carriers being built at DSME shipyard, the two Knutsen LNG carriers being built at Hyundai Heavy Industries’ shipyard, and the three LEG carriers to be built in China for Ocean Yield of Norway, which are also the first to use ethane as a fuel.
News of the new contract follows Bestobell recently obtaining full Type Approval from the Korean Register of Shipping (KR) for its range of cryogenic globe and check valves for use on ships, as the use of KR to Class LNG carriers being built in Asian shipyards continues to gain momentum.
Bestobell, part of Parker Hannifin Corporation, has seen a tenfold increase in sales over the five years in the marine sector, with its market share rising from less than 10% to over 30% in the same period.