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Hyundai Samho Delivers World’s First LNG-powered Container Ship

Hyundai Samho Delivers World’s First LNG-powered Container Ship

SEOUL, Sept. 16 (Korea Bizwire) — South Korean shipbuilder Hyundai Samho Heavy Industries Co. said Wednesday it has delivered the world’s first container ship powered by liquefied natural gas (LNG) to a Singaporean shipping company. The LNG-powered container ship with a capacity of 14,800 twenty-foot equivalent units (TEUs) is one of six ships to be [...]

Nikkiso Cryogenic Industries Group Expands in Russia and Wins Project for LNG Liquefaction Terminal

Nikkiso Cryogenic Industries Group Expands in Russia and Wins Project for LNG Liquefaction Terminal

TEMECULA, Calif., Aug. 5 (Korea Bizwire) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (“Group”), a subsidiary of Nikkiso Co., Ltd (Japan), announces the establishment of their new office in Moscow, Russia, managed by Ayman Zeitoun, Vice President, Russia. The facility will allow us to support LNG and Petrochemical customers in the Russian [...]

Gov’t to Ease Entry Barriers and Regulations to Boost LNG Bunkering Industry

Gov’t to Ease Entry Barriers and Regulations to Boost LNG Bunkering Industry

SEOUL, Aug. 5 (Korea Bizwire) — South Korea will promote the liquefied natural gas (LNG) bunkering industry, which is expected to gain strong growth momentum thanks to tougher international environmental regulations. The Ministry of Trade, Industry and Energy announced that a revised Urban Gas Business Act which includes a newly-created category for LNG bunkering businesses, [...]

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 [...]