South Korea
Al Seer Marine unveils orders for two additional MR tankers, VLGC
Al Seer Marine, a unit of Abu Dhabi-based International Holding Company, confirmed an order for two additional MR tankers at Korea’s shipbuilder K Shipbuilding. The order was disclosed in a stock exchange filing, a month after K Shipbuilding announced the deal without disclosing the name of the ship
International Seaways welcomes first dual-fuel LNG VLCC for charter with Shell
New York-based tanker company International Seaways has taken delivery of the first dual-fuel LNG very large crude carrier (VLCC) Seaways Endeavor. Seaways Endeavor is the first of three dual-fuel LNG VLCCs ordered by the company at South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSM
KSOE nets $765 million deal for LNG carrier trio
South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has received an order for three liquefied natural gas (LNG) carriers.
CF Industries and Lotte to assess US-based clean ammonia production and long-term offtake into South Korea
Chicago-based ammonia producer CF Industries Holdings has signed a memorandum of understanding (MoU) with South Korean chemical company Lotte Chemical Corporation for a joint exploration of clean ammonia production and its long-term offtake into South Korea. The MoU will serve as a framework for the
HMM joins forces with Foresys to recycle worn-out mooring lines
Korean shipping company HMM has signed a business agreement with marine waste management company Foresys to establish a circular economy system using discarded mooring ropes. Mooring lines are thick ropes used to moor ships in ports, and HMM generates about 20 tons of waste from worn-out mooring lin
South Korea invites bids to support eco-friendly conversion of ships as it lays out strategy to decarbonize shipping by 2050
In response to the expected strengthening of decarbonization goals for the shipping industry, South Korea has released a strategy aiming to decarbonize its shipping industry by 2050. The strategy is being released ahead of the anticipated 80th meeting of the Marine Environment Protection Committee (
PCL welcomes 1st eco-friendly MR tanker from K Shipbuilding
Singapore-based shipowner Pacific Carriers has taken delivery of the first environmentally friendly MR tanker from South Korean shipbuilder K Shipbuilding.
SK Materials and ExxonMobil team up for blue ammonia
SK Holdings Materials, a South Korea-based company specialising in material technology, has signed an agreement with ExxonMobil, a US energy and petrochemical company, with the main aim of introducing blue ammonia to SK Materials in Korea. The company noted that ExxonMobil plans to build a facility
KSOE piles up newbuild orders with new VLGC deal
South Korean shipping major Korea Shipbuilding & Offshore Engineering Co. (KSOE) has signed a deal to construct two very large gas carriers for an undisclosed shipowner.
South Korea’s shipbuilding orderbook surges to over $7 bln amid strong demand for high-end dual-fuel ships
South Korean shipbuilders are resuming their winning streak from last year as they reap fruit from the growing demand for high-end ships featuring dual-fuel propulsion and advanced technology. The country’s key ship manufacturers have secured over $7 billion in new orders since the beginning of this
Capital Product Partners welcomes 7th LNG carrier into the fleet
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has delivered the LNG carrier Asterix I to the Greece-based shipowner Capital Product Partners (CPLP). The shipping company bought the 174,000 cbm LNG carrier Asterix I in June 2022 while the vessel was still under construction at the Ko
Seaspan names 1st LNG-fueled 15,000 TEU boxship for charter with ZIM
Hong Kong-based shipping company Seaspan has held a naming ceremony for the first liquefied natural gas (LNG)-powered 15,000 TEU boxship scheduled for charter with Israel-based shipowner ZIM Integrated Shipping Services.