South Korea
HMM seals massive deal with CSSC for dual-fuel PCTC behemoths backed by Hyundai Glovis charter
South Korean shipping giant HMM has inked a landmark contract with China State Shipbuilding Corporation (CSSC) for the construction of up to ten 10,800 CEU LNG dual fuel car carriers. The vessels are set to be constructed at CSSC’s Guangzhou Shipyard International (GSI) for a price of $732 million.
Seaspan ventures into PCTC sector with Hyundai Glovis-backed deal for up to 10 ammonia-ready newbuilds
Hong Kong-based containership owner Seaspan Corporation is entering a new market segment with a pivotal order for up to ten dual-fuel LNG Pure Car and Truck Carrier (PCTC) vessels in partnership with South Korean shipping company Hyundai Glovis. Seaspan has signed the construction contract with Chin
SK E&S and partners aim to build Korea’s largest low-carbon hydrogen plant
SK E&S, a part of South Korean conglomerate SK Group, has partnered with GE Vernova, Air Liquide Engineering & Construction, Chungcheongnam-do Government, and Korea Midland Power (KOMIPO) for the construction of the largest low-carbon hydrogen plant in Korea. To this end, SK E&S and its global partn
IEEFA warns of overbuild of LNG import infrastructure in South Korea
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu
Fugro on survey duty offshore South Korea
Dutch geo-data specialist company, Fugro, has been picked by KREDO Offshore to support its offshore wind development in South Korea. Fugro will carry out a metocean and wind resource measurement campaign on the west coast of South Korea, offshore Yeonggwang County. The project site is currently in t
HD Hyundai Heavy Industries orders GTT’s tank design for new LNG carriers
French LNG containment specialist GTT has secured a new order from South Korean shipyard HD Hyundai Heavy Industries (HHI) for the tank design of two new LNG carriers. The order is related to two LNG carriers being built for an undisclosed European shipowner. Each vessel will offer a capacity of 174
Hanwha Ocean to build ammonia carrier under $125 million deal
South Korean shipbuilding major Hanwha Ocean has secured an order to construct an ultra-large ammonia carrier for an undisclosed shipowner from Oceania.
FEED work begins on green hydrogen and ammonia project in Malaysia
South Korean Samsung Engineering has started front-end engineering design (FEED) work on the Sarawak H2biscus green hydrogen and ammonia project in Malaysia. Together with Lotte Chemical, Korea National Oil Corporation and Malaysia’s Sarawak Economic Development Corporation Energy (SEDC Energy), the
Report: Dongwon and Harim dueling for dominance in HMM bidding race
In the ongoing contest for control of South Korean shipping line HMM, Dongwon Group and Harim Group have emerged as the primary contenders, narrowing down the field in this maritime competition. Previous reports indicated that four companies from South Korea were in the bidding race including, SM Gr
ABS and Hanwha Ocean support shipbuilding’s digitalization
Classification society ABS and South Korean shipbuilder Hanwha Ocean have signed a landmark strategic framework agreement to advance the digital transformation of shipbuilding.
Purus Marine behind order for dual-fuel VLEC pair at HD KSOE
UK-based shipping company Purus Marine has placed an order for two dual-fuel very large ethane carriers (VLECs) at South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE).
HD KSOE nets $340 million deal for two ethane carriers
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has inked a contract for the construction of two very large ethane carriers (VLECs).