South Korea
KSOE bags $197 million order for LPG carrier pair
South Korean shipbuilder Korea Shipbuilding & Offshore Engineering Co. (KSOE) has inked a deal with an undisclosed shipowner for the construction of two liquefied petroleum gas (LPG) carriers.
Sixth LNG carrier for charter with Shell joins Knutsen’s fleet
Norwegian shipping company Knutsen Group has taken delivery of a newbuild 174,000 cbm liquefied natural gas (LNG) carrier at South Korean Hyundai Samho Heavy Industries (HSHI) shipyard. According to Knutsen’s social media update, the vessel named Extremadura Knutsen was delivered to the shipping co
Wan Hai names new eco-friendly 13,100 TEU containership
Taiwanese shipping company Wan Hai Lines has hosted a naming ceremony for a new eco-friendly 13,100 containership at Samsung Heavy Industries’ (SHI) Geoje shipyard.
DSME nets $248 million from first LNG carrier order in 2023
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured a contract to build one liquefied natural gas (LNG) carrier which represents the shipbuilder’s first order in 2023. Under the contract worth 314.5 billion won (around $248 million), DSME will build the LNG carrier f
Hyundai Heavy orders GTT tank designs for three 200,000 cbm LNG carriers
South Korean shipyard Hyundai Heavy Industries (HHI) has ordered the tank design of three new LNG carriers from French LNG containment specialist GTT. HHI placed the order on behalf of an undisclosed European shipowner for three LNG carriers which will offer a total cargo capacity of 200,000 m3 each
DNV to evaluate possibility of blending hydrogen into South Korea’s pipeline network
DNV, an independent expert in assurance and risk management, has been selected by South Korea’s state-owned natural gas importer and transporter Korea Gas Corporation (KOGAS) to assess the viability of blending hydrogen into the nation’s gas transmission network. According to DNV, the two-year proje
$10 million raised to cover ongoing arbitration costs regarding two cancelled drillships
Northern Drilling has raised $10 million for litigation costs arising from the ongoing arbitration pertaining to cancelled orders for two drillships with the South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME).
DSME selects TMC compressors for BW LNG’s newbuild carriers
Daewoo Shipbuilding and Marine Engineering (DSME) has contracted TMC Compressors to provide a marine compressed air system to four LNG carriers the shipbuilder is constructing for BW LNG. Norway-headquartered TMC, which manufactures marine compressors solely for marine and offshore use, will manufac
WA and South Korea sign ‘historic’ energy transition deal
Western Australia (WA) and South Korea have signed a letter of intent (LoI) to collaborate on energy transition and downstream processing of resources. In what was described as a historic LoI, the WA Government and the Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) agreed to coop
GTT nets new LNGC tank design order from Hyundai Samho
French LNG containment specialist GTT has received a new order from its partner the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the tank design of two new LNG carriers (LNGCs). The order was received at the beginning of 2023 on behalf of a European shipowner. GTT will design the tanks
Samsung Heavy kicks off 2023 with $2bln in FLNG and LNG carrier orders
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured a new order for the construction of two LNG carriers worth $500 million, which increased its earnings in orders to $2 billion in the first month of 2023. SHI received the order for two LNG carriers from an undisclosed Oceanian shipp
Sakhalin Energy exceeds its 2022 targets
Russian LNG producer Sakhalin Energy has surpassed its 2022 targets, producing about 11.5 million tonnes of LNG and 3.7 million tonnes of Sakhalin blend oil. According to the company, all products were delivered to the buyers on time in full compliance with the SPA terms. The major LNG markets inclu