Hyundai Glovis and Liberty Global Logistics (LGL) have signed an agreement to explore the commercial operationalization of a nuclear car carrier between South Korea and the United States.
Details of the Agreement
This agreement includes the development and operation of a car and truck carrier that will operate with a small modular reactor (SMR). This collaboration allows Hyundai Glovis to advance its plans from conceptual design to regulatory assessment, infrastructure, and commercial viability.
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Analysis and Assessment in the United States and South Korea
Liberty Global Logistics will study the U.S. aspects of this project, initially focusing on West Coast ports, federal and state approvals, and infrastructure and operational requirements. Hyundai Glovis will conduct a similar assessment in South Korea. The two companies will also examine the needs for ship construction, registration flags, and classification requirements.
David Minty, President of Liberty Global Logistics, stated that this collaboration represents a significant step towards exploring not only the feasibility of building a nuclear-powered ship but also addressing its safety, efficiency, and commercial viability needs.
Technical Developments and Future Steps
Hyundai Glovis has made advancements in the technical aspects of this concept. At the Posidonia exhibition in June, Lloyd's Register provided an in-principle approval for a nuclear car carrier developed in collaboration with Hyundai Heavy Industries, HD Korea Shipbuilding & Offshore Engineering, G-Marine Service, and the Korea Atomic Energy Research Institute. This study examined the integration of a molten salt reactor and factors such as shielding, stability, and propulsion configurations.
The new agreement takes the project towards more challenging questions, including whether commercial nuclear transport can overcome regulatory and port barriers and operate on a large scale.
Hyundai Glovis has stated that this collaboration will help create the necessary conditions for actual commercial operations and will expand its focus from dual LNG cargoes to next-generation carbon-free propulsion.
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