SEOUL, Oct. 2 (Korea Bizwire) — A flurry of new liquefied natural gas (LNG) projects worldwide is fueling expectations of a rebound in orders for LNG carriers, a sector where South Korean shipbuilders hold a commanding lead. Yet analysts warn that years of heavy contracting may leave the market vulnerable to another downturn. According to [...]
SEOUL, May 25, 2025 — POSCO Group announced Sunday that it will begin full operation of its first dedicated liquefied natural gas (LNG) carrier in the second half of 2025, as part of its strategy to secure a stable energy transport system and expand its presence in the global energy market. The 174,000-cubic-meter vessel, named [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korean ship service provider HD Hyundai Marine Solution Co. said Thursday it has won an order for renovating liquefied natural gas (LNG) carriers from global energy giant Chevron. The deal calls for installing environmentally friendly re-liquefaction systems on the two LNG vessels operated by Chevron, HD Hyundai Marine [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has clinched a 698.1 billion-won (US$530 million) order to build two liquefied natural gas (LNG) carriers for an African shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]
SEOUL, July 2 (Korea Bizwire) — South Korea’s leading shipbuilder Samsung Heavy Industries Co. said Thursday that it had developed the world’s first fuel cell-powered liquefied natural gas (LNG) carrier that can operate without engines. The company said that in collaboration with U.S.-based Bloom Energy, it developed a solid oxide fuel cell (SOFC)-powered LNG carrier [...]
SEOUL, Jan. 26 (Korea Bizwire) — Major shipbuilder Korea Shipbuilding & Offshore Engineering Co. said Monday that the world’s first liquefied natural gas (LNG) carrier virtual test drive solution had received preliminary approval by Lloyd’s Register, a British quality assurance and risk management company. Korea Shipbuilding’s solution uses a digital twin platform to build a [...]
SEOUL, June 21 (Korea Bizwire) — Shares in South Korean shipbuilders will get a boost from hopes of more LNG carrier deals after a recent mega deal from Qatar and a rise in global oil prices that will boost demand for new ships, industry sources said Sunday. On June 2, the country’s top three players [...]
London, Nov. 19 (Korea Bizwire) — Avenir LNG Limited (“Avenir”) wishes to announce that it will collaborate with Golar Power Limited (“Golar Power”) in developing the small-scale LNG market in Brazil. Avenir’s second 7,500 cbm LNG Carrier will be used to deliver LNG to various ports across Brazil upon delivery. The vessel will also offer [...]
London, Oct. 1 (Korea Bizwire) — Avenir LNG Limited (“Avenir”) in collaboration with MISC Berhad (“MISC”) wishes to announce that PETRONAS, through its subsidiary, PETRONAS LNG Sdn. Bhd. (“PLSB”) has awarded a time charter party (TCP) for the provision of its first 7,500 cbm liquefied natural gas (LNG) carrier. The vessel will provide bunkering to [...]
SEOUL, Jun. 25 (Korea Bizwire) — South Korea’s major shipbuilders are pinning high hopes on massive liquefied natural gas (LNG) carrier orders to be placed in the second half of this year, industry insiders said Tuesday, as they aim to sweep global orders to cement their status in the sector. As of last week, South [...]