SEOUL, Oct. 31 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Thursday it has received a liquefied natural gas (LNG) ship order for 358 billion won (US$259 million). Samsung Heavy will build the LNG carrier for an unidentified shipper in Asia by June 2027, the company said in a [...]
SEOUL, Apr. 2 (Korea Bizwire) — Hanwha Ocean Co., the world’s third-largest shipbuilder by order backlog, said Tuesday it has bagged an order worth 1.24 trillion won (US$919.6 million) to build four liquefied natural gas (LNG) carriers for an Asian shipper. Hanwha Ocean said it will build the vessels at its shipyard in Geoje on [...]
SEOUL, May 10 (Korea Bizwire) — POSCO International Corp. said Wednesday it has signed a charter agreement with a South Korean shipping company for the transport of liquefied natural gas (LNG) as it pushes to boost energy business. Under the deal with H-Line Shipping Co., a 174,000-cubic-meter LNG vessel, to be built by Hyundai Samho [...]
SEOUL, June 2 (Korea Bizwire) — South Korea’s three largest shipbuilders agreed to a 23.6 trillion won (US$19.2 billion) deal that commits them to reserve their liquefied natural gas (LNG) ship construction capacity to meet future orders from Qatar, the Middle Eastern country’s state-run petroleum company said Monday. Qatar Petroleum said in a press release, [...]
SEOUL, Feb. 19 (Korea Bizwire) — The proposed merger between Hyundai Heavy Industries (HHI) Co. and Daewoo Shipbuilding and Marine Engineering (DSME) Co. is expected to double the value of their outstanding orders for LNG ships to over US$12 billion, industry data showed on Tuesday. Hyundai Heavy, the world’s largest shipbuilder, is set to formally [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean shipbuilders, which emerged as the world’s No. 1 in terms of new orders in 2018 on increased demand for LNG ships, are anticipating solid demand for vessels this year, industry sources said Wednesday. Local shipyards, led by Hyundai Heavy Industries Co., bagged orders to build a total [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korean shipbuilders have bagged over 80 percent of new orders placed around the globe this year to build liquefied natural gas (LNG) carriers, industry data showed Tuesday. According to the data, Korean shipyards clinched new orders to build 56 LNG carriers in total, which is 86 percent of [...]