Jun 6, 2026
DNV has granted an Approval in Principle (AiP) to HD Hyundai Heavy Industries (HHI) for a new independent Type B LPG cargo tank design intended for Very Large Gas Carriers (VLGCs), according to a statement from the classification society. The certificate was handed over to HHI Chief Technology Officer Hongryeul Ryu by DNV Regional Manager Vidar Dolonen during the Posidonia trade fair.
The AiP applies to HHI’s design for a 90,000 cubic meter independent Type B containment system for LPG carriers. The use of Type B tanks in VLGCs aims to improve operational safety and maintenance accessibility throughout the vessel’s service life, while also providing shipyards with more flexibility in choosing inner hull materials during the design phase.
Analysis of the new tank design includes crack propagation and fatigue studies, in addition to standard buckling and sloshing analyses typically performed for Type A tanks. The design seeks to maximize structural reliability by preventing surface defects from propagating through the tank wall over its intended lifespan. A partial secondary barrier, configured as a leak path acting as a spray shield over all welded areas, along with four dedicated drip trays per tank, contributes to overall safety. This design package is intended to contain leaks and protect the surrounding hull structure throughout the vessel’s operational life.
HHI’s CTO Hongryeul Ryu commented that the company is advancing safer and more adaptable gas carrier solutions with its first LPG carrier design featuring an independent Type B cargo tank, and that DNV’s AiP builds confidence as the project moves toward practical application.
DNV’s Regional Manager for Korea and Japan, Vidar Dolonen, noted that introducing new containment solutions into established segments requires careful technical scrutiny, and expressed satisfaction that HHI chose to rely on DNV’s engineering insight for the project. He added that the Type B tank opens new design and operating options for the VLGC market as owners seek longer asset lives and aim to meet stricter safety and efficiency requirements, and that DNV looks forward to continuing the cooperation to support the project’s development and realization.
An Approval in Principle is an independent assessment of a concept within a defined framework of requirements, confirming the design’s feasibility and verifying that no significant technical barriers prevent its implementation.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
REPORT DESCRIPTION
RESEARCH METHODOLOGY AND THE AI PLATFORM
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
KEY FINDINGS
MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
BEST-SELLING PRODUCTS
MOST CONSUMED PRODUCTS
MOST TRADED PRODUCTS
MOST PROFITABLE PRODUCTS FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
TOP COUNTRIES TO SOURCE YOUR PRODUCT
TOP PRODUCING COUNTRIES
TOP EXPORTING COUNTRIES
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
TOP CONSUMING MARKETS
UNSATURATED MARKETS
TOP IMPORTING MARKETS
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
8. IMPORTS
The Largest Import Supplying Countries
IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
9. EXPORTS
The Largest Destinations for Exports
EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition
PRO
11.1
United States
Market SizeProductionImportsExports
11.2
China
Market SizeProductionImportsExports
11.3
Japan
Market SizeProductionImportsExports
11.4
Germany
Market SizeProductionImportsExports
11.5
United Kingdom
Market SizeProductionImportsExports
11.6
France
Market SizeProductionImportsExports
11.7
Brazil
Market SizeProductionImportsExports
11.8
Italy
Market SizeProductionImportsExports
11.9
Russian Federation
Market SizeProductionImportsExports
11.10
India
Market SizeProductionImportsExports
11.11
Canada
Market SizeProductionImportsExports
11.12
Australia
Market SizeProductionImportsExports
11.13
Republic of Korea
Market SizeProductionImportsExports
11.14
Spain
Market SizeProductionImportsExports
11.15
Mexico
Market SizeProductionImportsExports
11.16
Indonesia
Market SizeProductionImportsExports
11.17
Netherlands
Market SizeProductionImportsExports
11.18
Turkey
Market SizeProductionImportsExports
11.19
Saudi Arabia
Market SizeProductionImportsExports
11.20
Switzerland
Market SizeProductionImportsExports
11.21
Sweden
Market SizeProductionImportsExports
11.22
Nigeria
Market SizeProductionImportsExports
11.23
Poland
Market SizeProductionImportsExports
11.24
Belgium
Market SizeProductionImportsExports
11.25
Argentina
Market SizeProductionImportsExports
11.26
Norway
Market SizeProductionImportsExports
11.27
Austria
Market SizeProductionImportsExports
11.28
Thailand
Market SizeProductionImportsExports
11.29
United Arab Emirates
Market SizeProductionImportsExports
11.30
Colombia
Market SizeProductionImportsExports
11.31
Denmark
Market SizeProductionImportsExports
11.32
South Africa
Market SizeProductionImportsExports
11.33
Malaysia
Market SizeProductionImportsExports
11.34
Israel
Market SizeProductionImportsExports
11.35
Singapore
Market SizeProductionImportsExports
11.36
Egypt
Market SizeProductionImportsExports
11.37
Philippines
Market SizeProductionImportsExports
11.38
Finland
Market SizeProductionImportsExports
11.39
Chile
Market SizeProductionImportsExports
11.40
Ireland
Market SizeProductionImportsExports
11.41
Pakistan
Market SizeProductionImportsExports
11.42
Greece
Market SizeProductionImportsExports
11.43
Portugal
Market SizeProductionImportsExports
11.44
Kazakhstan
Market SizeProductionImportsExports
11.45
Algeria
Market SizeProductionImportsExports
11.46
Czech Republic
Market SizeProductionImportsExports
11.47
Qatar
Market SizeProductionImportsExports
11.48
Peru
Market SizeProductionImportsExports
11.49
Romania
Market SizeProductionImportsExports
11.50
Vietnam
Market SizeProductionImportsExports
LIST OF TABLES
Key Findings In 2025
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption, by Country, 2022–2025
Production, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
LIST OF FIGURES
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Consumption, by Country, 2025
Market Volume Forecast to 2035
Market Value Forecast to 2035
Market Size and Growth, By Product
Average Per Capita Consumption, By Product
Exports and Growth, By Product
Export Prices and Growth, By Product
Production Volume and Growth
Exports and Growth
Export Prices and Growth
Market Size and Growth
Per Capita Consumption
Imports and Growth
Import Prices
Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Production, by Country, 2025
Production, In Physical Terms, by Country: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2025
Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Physical Terms, By Country, 2025
Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)