Parker Bestobell Marine, the supplier of cryogenic valves said it has secured the company’s largest order to date to supply its equipment for nine vessels worth US$5 million.
Under a contract with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), Parker Bestobell will supply cryogenic globe and check valves for the vessels that are part of a series of fifteen LNG carriers destined for the Yamal gas field in Russian Siberia, the company said in a statement on Tuesday.
Parker Bestobell Marine has already secured orders for the other six vessels.
The company noted that it has seen tenfold increase in sales over the past five years in the marine sector and its market share has risen from less than 10 percent to over 30 percent over the same period.
The 15 Arc7 ice-class gas carriers are designed specifically for the LNG Yamal project in Russian Siberia and will operate in Arctic conditions, with temperatures as low as -54°C. They will be required to independently navigate ice more than two meters thick in a region that is ice-bound for up to nine months of the year.
Each of the 15 icebreaker vessels has a capacity to transport 170,000 cubic meters of LNG, the statement reads.