The world's largest ship is the "Prelude", owned by Shell. It is being built on Geoje Island, South Korea. It is 488m long and has the internal capacity greater than the total volume of four large aircraft carriers. What it will do is collect natural gas off the coast of Australia, and liquify it. When liquified, the hydrocarbon takes up 600 times less space than its gas. Smaller tankers will take the liquid gas to its buyers. The ship will do liquifying and temporary storage, which is usually done on land. Shell believes this justifies the cost of the ship.