South Korea
Hyundai Heavy Industries taps GTT for tank design of 17 new LNGCs
French LNG containment specialist GTT has received an order from the South Korean shipyard HD Hyundai Heavy Industries (HD HHI) for the tank design of 17 new liquefied natural gas carriers (LNGCs). According to GTT, the order was made on behalf of a “leading” LNG player. The LNG containment speciali
RWE and Hyundai partner on offshore wind and green hydrogen in South Korea
RWE and Hyundai Engineering & Construction (Hyundai E&C), a subsidiary of South Korea’s Hyundai Motor Group, have signed a memorandum of understanding (MoU) to cooperate in the field of offshore wind and green hydrogen. The partners said they will work together to jointly develop offshore wind proje
South Korea to launch clean hydrogen certification system
South Korean Ministry of Trade, Industry and Energy (MOTIE) has announced that the proposal for an amendment to the ‘Hydrogen Economy Promotion and Hydrogen Safety Management Act’ has passed the 47th Cabinet meeting’s deliberation and resolution process, enabling the government to move forward with
Cedar LNG, SHI and Black & Veatch conclude deal on shipyard capacity
The Haisla Nation and Pembina Pipeline, partners in the development of the proposed Cedar floating LNG export project in Canada, have signed heads of agreement (HoA) with shipbuilding company Samsung Heavy Industries (SHI) and LNG infrastructure solutions company Black & Veatch to secure access to s
South Korea to pump $545M into next-gen shipbuilding tech, carbon-free fuels
South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has revealed its plans to invest KRW 710 billion ($544 million) into next-generation shipbuilding technology and carbon-free fuels.
Australian oil & gas giant and Korean player join forces to decarbonize Asia with carbon capture and storage
Santos and SK E&S will pool resources on cross-border carbon capture and storage (CCS) solutions to assist Asia in lowering its carbon footprint.
Hanwha Ocean bags $498 million order for world’s largest ammonia carriers
South Korean shipbuilding major Hanwha Ocean has secured an order worth KRW 656.2 billion (around $498 million) to construct four very large ammonia carriers (VLACs) for Greek shipowner Naftomar Shipping and Trading. According to Hanwha Ocean, each VLAC will be able to transport 93,000 cubic meters
Hanwha Ocean cuts steel for BW LNG’s next LNG carrier newbuild
South Korean Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering (DSME), has held a steel-cutting ceremony for a new LNG carrier to be built for Norway-based gas shipping company BW LNG. The shipping company shared the update on its social media channels on November 10, 2023,
New clean hydrogen partnership to promote electrolyzers
U.S. Plug Power, South Korean SK E&S and K-water as well as SK Plug Hyverse, a joint venture between SK E&S and Plug Power, have signed a memorandum of understanding (MoU) to “promote the growth of green hydrogen and rejuvenate the industry.” Specifically, the companies will collaborate on advancing
Newbuild LNG carrier joins Capital Gas’ fleet
Capital Gas Ship Management has taken delivery of the newbuild LNG carrier constructed by South Korean shipbuilder Hyundai Heavy Industries. Capital Gas announced the delivery of the vessel named Amore Mio I via social media on November 7, 2023. The LNG carrier has a cargo capacity of 174,000 cubic
International Seaways brings its LNG-ready LR1 newbuild tally to four
New York-based tanker company International Seaways has exercised options for two scrubber-fitted, LNG dual-fuel ready LR1 vessels at Korean shipbuilder K Shipbuilding Co. The options were lifted in October bringing the ordering tally to four LR1 newbuilds at the yard worth approximately $231 millio
HMM bolsters presence in dry bulk sector
South Korean shipping line HMM has concluded time charter contracts for four bulk carrier newbuildings. The charter deal is worth around $954.2 million with an undisclosed company and is set to last from 2026 to 2042. The contract marks a significant move in the company’s expansion strategy into the