South Korea
Hanwha Ocean bags new LNG carrier order worth $260 million
South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering (DSME), has secured an order for the construction of one LNG carrier. The shipbuilding contract worth 332,2 billion won (around $260 million) was revealed in Hanwha Ocean’s stock exchange filing on 31
Fourth LNG dual-fuel VLCC joins Maran Tankers fleet
Maran Tankers Management (MTM), an oil tanker shipping unit of the Greek Angelicoussis Shipping Group, has welcomed the fourth dual-fuel (DF) very large crude carrier (VLCC), Maran Dione, to its fleet. On its social media, the Angelicoussis Shipping Group stated that the delivery is the last of the
HD HHI’s ammonia-based ship HVAC refrigeration system gets green light from ABS
South Korean HD Hyundai Heavy Industries (HHI) has obtained Approval in Principle (AiP) from classification society ABS for its new ammonia-based ship HVAC refrigeration system. HHI said it developed the system in response to shipowners’ request for refrigeration of HVAC systems using ammonia as a m
Four contenders join the race for HMM’s privatization
Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). After receiving the Investment Memorandum (IM), SM Group, LX Holdings, Dongwon Group, and Har
Hyundai Samho launches LNG carrier Energy Fortitude for Alpha Gas
South Korean shipyard Hyundai Samho Heavy Industries (HSHI) has launched a new liquified natural gas (LNG) carrier for Greek ship management company Alpha Gas.
HD KSOE scores $140mln deal to build product carrier duo
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has secured a contract for the construction of two product carriers.
HMM’s vessels cruise comfortably within CII regulation
South Korea’s shipping major HMM said that 99% of its owned vessels are well-placed to keep their voyage under the Carbon Intensity Indicator (CII) regulation. The outcome resulted from the verification of ‘KR GEARs’, a Greenhouse Gas (GHG) Emission Authentic Reporting system launched by the Korean
HMM Privatization: Bidding kicks off for South Korea’s flagship carrier
The bidding process for the privatization of South Korea’s flagship carrier HMM was officially launched on Thursday in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development Bank (KDB), and Korean Ocea
HMD to build world’s largest ammonia-ready LCO2 multi-gas carriers
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has secured a contract for the construction of two liquified CO2 (LCO2) carriers from Greek shipowner Capital Ship Management.
KOGAS, JERA to reduce methane emissions in LNG value chain
South Korea’s state-owned natural gas importer and transporter Korea Gas Corporation (KOGAS) and Japan’s energy major JERA have launched an initiative of the Coalition for LNG Emission Abatement toward Net-Zero (CLEAN). The initiative is taken by LNG buyers, together with LNG producers, to reduce me
Hyundai Samho orders GTT tank designs for two new LNGCs
French LNG containment specialist GTT has received an order from its partner, the South Korean shipyard Hyundai Samho Heavy Industries, for the tank design of two new LNG carriers (LNGCs). The order was placed in the second quarter of 2023 on behalf of an Asian ship-owner, GTT informed. The containm
EU and global partners reinforce efforts to reduce methane emissions across LNG value chain
The European Commission (EC), Japan, the United States (U.S.), the Republic of Korea and Australia have signed a joint statement which reinforces their efforts towards the reduction of methane emissions arising across the values chain of LNG, from production to consumption. The joint statement by EC