LLOYD’S Register (LR), HD Korea Shipbuilding & Offshore Engineering (HD KSOE), and Hyundai Heavy Industries (HHI) have signed a Memorandum of Understanding to develop a high-efficiency hybrid propulsion system for 174,000 cubic metre LNG carriers. The agreement, signed at Norshipping 2025, establishes a Joint Development Project for a hybrid system with significant efficiency, emissions reduction, and operational flexibility compared to conventional systems.

HD KSOE and HHI will lead the design, while LR will provide technical guidance, design review services, and expertise.