South Korea

MISC takes delivery of its sixth VLEC
Malaysian company MISC has taken delivery of Seri Elbert, its sixth very large ethane carrier (VLEC), from Hyundai Heavy Industries shipyard in Ulsan, South Korea.

Hyundai Heavy setting up hydrogen supply chain by 2030
South Korea’s Hyundai Heavy Industries (HHI) Group plans to go into all areas of hydrogen value chain, from production to transport, storage and use of hydrogen fuel.

Posco procures carbon-neutral LNG from RWE
Korean steel company Posco received a cargo of 64,000 tons of carbon-neutral LNG cargo from Germany’s gas supplier RWE.

INSW to build three dual-fuel LNG VLCCs
International Seaways (INSW) has entered into an agreement to build three dual-fuel LNG very large shipping vessels, expected to be delivered in 2023.

Samsung to pay $411 million to Stena Drilling after losing rig dispute
Samsung Heavy will have to pay $411 million to rig owner Stena Drilling after losing a dispute related to the termination of a rig construction contract.

ABS approves HHI design for Mexico-bound FSO
Maritime and offshore classification society American Bureau of Shipping (ABS) has granted approval in principle to South Korea’s Hyundai Heavy Industries’ (HHI) design of a floating storage and offloading vessel that is planned for operations in Mexican waters.

Gallery: BP’s giant Argos platform heads to Texas
BP’s giant Argos floating production unit, built for the Mad Dog 2 project by Samsung Heavy, last week sailed away from a South Korean yard to Texas.

Maersk drillship lands new gig in South Korea
Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill offshore South Korea.

BP’s Argos platform floated onto Boskalis vessel for transport
BP’s Argos platform, built for the Mad Dog 2 project in the Gulf of Mexico, has been loaded onto a Boskalis vessel for transport to the U.S.

SK selects KBR as technical advisor for hydrogen project
South Korea’s SK E&S, part of SK Group, awarded a technical advisory solutions contract for its hydrogen development project in South Korea to US engineering company KBR.

South Korean pair to develop offshore wind substation
Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Electric Power Corporation Engineering & Construction (KEPCO E&C) have signed a Memorandum of Understanding (MoU) to develop an offshore wind substation. The South Korean companies plan to jointly research and develop the offshore substation

Flex LNG takes delivery of Flex Volunteer
Flex Volunteer, the shipping company’s 12th LNG carrier, was delivered from South Korea ahead of its schedules.