April 25, 2024 – BNK is excited to announce the establishment of a commercial agency agreement with Royal IHC, a leading Dutch maritime equipment manufacturer. This partnership underscores our ongoing commitment to excellence and innovation within the maritime and shipbuilding industries.

The agreement marks a significant milestone as BNK and Royal IHC have joined forces to collaborate on the ENI Coral South Project, a prestigious undertaking by Samsung Heavy Industries. Within this project, Royal IHC has supplied the state-of-the-art condensate offloading system, a critical component for the efficient and safe transfer of condensate.

The ENI Coral South Project represents a landmark development in the offshore oil and gas sector, focusing on the Coral South Floating Liquefied Natural Gas (FLNG) facility. This facility is designed to exploit the significant gas resources discovered in Area 4 of the Rovuma Basin, off the coast of Mozambique. The condensate offloading system provided by Royal IHC ensures the seamless and secure offloading of condensate, reinforcing the operational success of the FLNG facility.

"We are thrilled to partner with Royal IHC," said Dave Koo, CEO at BNK. "This collaboration highlights our shared dedication to delivering innovative and reliable solutions to the maritime industry. We look forward to contributing to the success of this significant project and to the continued partnership with Royal IHC."

Royal IHC's condensate offloading system is renowned for its robust design, advanced technology, and reliability, making it an ideal choice for the demanding conditions of the FLNG facility.

Media contact:

maxim@bnk21.com / +82 (0)51 782 62 62