Shipbuilders in South Korea are examining opportunities to convert older liquefied natural gas (LNG) carriers into floating storage and regasification units (FSRUs), according to a report by Hellenic Shipping News Worldwide.
An FSRU functions as an offshore receiving terminal, storing LNG offshore before regasifying the fuel for onshore delivery.
The conversion market is attracting sector interest as an ageing global fleet of LNG carriers prompts owners and yards to explore secondary operational roles for older tonnage.