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S. Korea to Power Public Ships with Clean Energy

S. Korea to Power Public Ships with Clean Energy

SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s ocean ministry said Monday it will gradually replace 140 government ships with those utilizing clean energy sources by 2030 to meet tighter regulations. “The project will help South Korea to reduce fine dust, greenhouse gas and air pollution, and contribute in developing technologies in the field of [...]

Korean Shippers Set to Join Hands to Win Huge LNG Shipping Orders from Qatar

Korean Shippers Set to Join Hands to Win Huge LNG Shipping Orders from Qatar

SEOUL, Oct. 13 (Korea Bizwire) — South Korean shippers are considering joining hands to win massive liquefied natural gas (LNG) transportation orders to be placed by Qatar, industry sources said Sunday. Five bulkers — reportedly Korea Line Corp., Pan Ocean Co., SK Shipping Co., Hyundai LNG Shipping Co. and H-Line Shipping Co. — are set [...]

S. Korean Shipbuilders Striving to Break GTT Monopoly in LNG Containment Systems

S. Korean Shipbuilders Striving to Break GTT Monopoly in LNG Containment Systems

SEOUL, Jul. 9 (Korea Bizwire) — It’s no secret that South Korean shipbuilders are flying high in the liquefied natural gas (LNG) carrier market, having bagged more than 80 percent of global orders in recent years. But the real winner in the global LNG carrier market is Gaztransport & Technigaz (GTT) S.A., the world’s No. [...]

POSCO to Reorganize LNG Processing Operations to Enhance Efficiency

POSCO to Reorganize LNG Processing Operations to Enhance Efficiency

SEOUL, Apr. 15 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Monday that it will reorganize its liquefied natural gas (LNG) operations as part of its efforts to enhance its business efficiency. The company said in a regulatory filing that its board of directors last week approved the transfer of its LNG terminal in [...]

S. Korea to Cut Import Surcharge on LNG for Power Generation

S. Korea to Cut Import Surcharge on LNG for Power Generation

SEOUL, Mar. 19 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it will sharply reduce the import surcharge imposed on liquefied natural gas (LNG) in line with the government’s efforts to control fine dust pollution. The Ministry of Trade, Industry and Energy said the new rules will cut the levy on the more environment-friendly [...]

Government Limits Coal Power Plant Operation on Days with Extreme Fine Dust

Government Limits Coal Power Plant Operation on Days with Extreme Fine Dust

SEOUL, Jan. 22 (Korea Bizwire) — The Ministry of Trade, Industry and Energy announced on Monday that it will include additional fine dust reduction measures in the 9th Basic Plan on Electricity Demand and Supply, which is to be established this year. The government plans to expand its policy to limit coal power plant output [...]