South Korea
Hyundai Mipo wins deal for two more product carriers
Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding & Offshore Engineering’s three affiliates, has secured an order worth KRW 120.6 billion ($92.8 million) to construct two product carriers for an unnamed Asian shipping company. The product carriers are set to be delivered to the undisclosed shi
GTT receives new LNGC tank design order from Samsung Heavy
French LNG containment specialist GTT has secured a new order from its partner the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two new liquefied natural gas carriers (LNGCs), on behalf of an Asian ship-owner. GTT will design the tanks of the two vessels, which will each off
Milestone: Maersk launches methanol-powered feeder in bold move toward carbon neutrality
Container shipping heavyweight Maersk has achieved a major milestone in its efforts to reduce carbon emissions with the successful launching of its first methanol-powered feeder vessel at the Hyundai Mipo Dockyard. “The launching was successfully completed at Hyundai Mipo Dockyard and the constructi
GTT-KFTC update: Supreme Court rejects GTT’s December appeal
The Supreme Court of Korea has rejected GTT’s appeal filed in December 2022 against the decision of the Seoul High Court, confirming the company’s obligation to separate, in whole or in part, the technology license and the technical assistance if requested by the Korean shipyards. GTT acknowledged t
HMD nets $174.3 million deal for product carrier quartet
South Korean shipbuilding company Hyundai Mipo Dockyard (HMD) has received a contract to build four midsize product carriers.
KSOE scores $170.5 million order to build crude carrier duo
South Korean shipbuilding heavyweight HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) has received an order to build two crude carriers.
HMM slashes carbon emissions by half in a decade
South Korea’s flagship carrier HMM announced that it has cut its carbon emissions by half over the past decade. Namely, the shipping major’s data shows that the CO2 emissions generated when transporting 1 TEU of container for 1 km decreased from 68.7g in 2010 to 29.05g in 2021, representing a reduct
GTT bags another LNGC tank design order from Hyundai Samho
French LNG containment specialist GTT has received a new order from the South Korean shipyard Hyundai Samho Heavy Industries for the tank design of two new liquefied natural gas carriers (LNGCs). It will design the tanks of the two vessels, which will each offer a total cargo capacity of 174,000 m3
Sonangol’s Suezmax tanker named at Hyundai Samho
South Korean shipbuilder Hyundai Samho Shipyard hosted a naming ceremony today for Sonangol Kulumbimbi, a Suezmax tanker built for Sonangol Shipping Holding Limited, part of Angola’s state-controlled oil company Sonangol EP. The vessel is the first of two crude oil tankers Hyundai Samho is building
DSME bags another LNG carrier deal on the back of EU approval of Hanwha takeover
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has secured a construction order for an LNG carrier from an unidentified shipowner from Oceania. The order is worth KRW 339.6 billion ($ 257 million), according to DSME’s stock exchange filing. Under the contract, DSME i
JERA and KOGAS strengthen LNG ties amid uncertain global energy supply
Japanese energy giant JERA has signed a memorandum of understanding (MoU) with South Korea’s state-owned natural gas importer and transporter Korea Gas Corporation (KOGAS) for cooperation in the LNG business. Pursuant to the MoU which seeks to secure the stability of LNG supplies, JERA and KOGAS agr
GTT wins DSME LNG carrier tank design order
French LNG containment specialist GTT has received two orders from its partner the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of new liquefied natural gas carriers (LNGCs). According to GTT, the orders were made in the first quarter of 2023 for a total