Newly South Korean-stocklisted HD Hyundai Marine Solution has secured its first job to convert a 20-year-old LNG carrier believed to be controlled by Norway’s Knutsen OAS Shipping into a floating storage unit in a $30m deal.

Hyundai Marine said it was awarded the work by a European shipping company to convert a 138,000-cbm, 2004-built LNG carrier into an FSU that will be located in Central America and used to supply LNG to power plants.