11/15/2016

SHEFFIELD, UK — Parker Bestobell Marine, a supplier of cryogenic valves and part of Parker, has secured a nine-vessel order, worth $5 million, making it the company’s single largest order, to date.

The contract is with Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea to supply cryogenic globe and the vessels are part of a series of 15 liquid natural gas (LNG) carriers destined for the Yamal gas field in Russian Siberia. Parker Bestobell Marine has already secured orders for the other six vessels.

The order marks a milestone in the company’s history that has seen a tenfold increase in marine sector sales over the past five years, and its market share has risen from less than 10% to over 30% over the same period.

The ships are designed specifically for the LNG Yamal project‘>project in Russian Siberia. The 15 Arc7 ice-class gas carriers will operate in Arctic conditions, with temperatures as low as -54°C. They will be required to independently navigate ice more than 2 m thick, in a region that is ice-bound for up to nine months of the year. Here, more than 200 wells will be drilled to extract LNG, which offers an annual capacity of 5.5m tonnes, in the largest and most complex project of its type. Each of the 15 icebreaker vessels has a capacity of 170,000 cubic metres and will ship LNG to the international markets.

Parker Bestobell Marine is a world leader in the manufacture of LNG cryogenic valves and supplies its cryogenic globe and check valves for many applications, including cargo handling, re-gasification, re-liquefaction, compression, storage, transfer and in fuel gas systems. The company–based in Sheffield, England–has supplied its valves to over 250 ships over a 16-year period.

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