South Korea
Hanwha sets up new division to build eco-friendly fuel engines
South Korean conglomerate Hanwha Group has launched a new affiliate, Hanwha Engine, after acquiring marine engine company HSD Engine.
CIP and LOTTE agree to bolster clean ammonia collaboration
Denmark’s Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, has signed a memorandum of understanding (MoU) with Korea’s LOTTE Chemical Corporation to strengthen collaboration on clean ammonia projects. Under the MoU, the two companies will discuss and finalize agreements
Topsoe’s ammonia technology picked for new hydrogen project in South Korea
Danish technology company Topsoe has signed an engineering agreement with the South Korean industrial supplier of hydrogen Approtium to convert low-carbon ammonia into hydrogen using its H2RETAKE technology. Specifically, Topsoe said the company will deliver its technology to Approtium’s project in
DHT Holdings behind order for four VLCCs at South Korean yards
Bermuda-based crude oil tanker company DHT Holdings placed orders for four very large crude carriers (VLCCs) at South Korean shipyards Hyundai Samho Heavy Industries, part o fHD Korea Shipbuilding & Marine Engineering (HD KSOE), and Hanwha Ocean.
HD KSOE nets deals to build two PCTCs and two oil tankers
South Korea’s shipbuilding major HD Korea Shipbuilding & Marine Engineering (HD KSOE) has signed contracts for the construction of two crude oil carriers and two PCTCs.
Woodside concludes long-term LNG supply deal with KOGAS
Australian energy major Woodside has signed a sale and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of liquefied natural gas (LNG) to Korea. Specifically, the SPA provides for the supply of approximately 0.5 million tons per annum of LNG for a period of 10.5 y
New South Korean project eyes development of onboard CCS
South Korean boiler specialist Hyundai Heavy Industries Power Systems (HPS), shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE), CO2 capture technology firm CE-TEK and classification society DNV have signed a joint development program agreement for the research and development of onb
Samsung Heavy Industries taps GTT for tank design of 15 new LNGCs
French LNG containment specialist GTT has received an order from its partner, the Korean shipyard Samsung Heavy Industries (SHI), for the tank design of 15 new liquefied natural gas carriers (LNGCs). According to GTT, the order was received in early 2024 on behalf of a “leading” LNG player. GTT will
HD KSOE clinches $1.08 billion deal for LNG carrier quartet
South Korean shipbuilding heavyweight HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured an order for the construction of four LNG carriers.
Korea Eximbank, KfW IPEX to cooperate on financing eco-friendly ship, renewable energy projects
The Export-Import Bank of Korea (Korea Eximbank) has signed a Memorandum of Understanding with Germany’s KfW IPEX-Bank in Frankfurt to boost high-tech innovation and fortify supply chains.
Hanwha Ocean seals $256 million deal to build VLCC pair
South Korean shipbuilding major Hanwha Ocean has received an order to build two very large crude carriers (VLCCs) for a shipping company from Oceania.
HD KSOE secures $129M deal for LPG carrier pair
South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured an order for the construction of two liquified petroleum gas (LPG) carriers.