gas recovery lng vessel
Scope
Date
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Shipping & Shipbuilding
Hyundai eyes LNG ship-to-floating storage unit conversion market
The ongoing war in Ukraine and tougher emission standards are creating a new market for shipbuilders: converting aged liquefied natural gas (LNG) ca...
Mar 15, 2022 (Gmt+09:00)
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Airlines
Global airlines raise flights to pre-COVID levels on border reopening
Global airlines are increasing flights to pre-pandemic levels as countries worldwide are opening up their borders to support the tourism sector, ram...
Mar 14, 2022 (Gmt+09:00)
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Steel
Poongsan, Korea Zinc to benefit from rising raw material prices
South Korea’s non-ferrous metal smelters such as Korea Zinc Co. and Poongsan Corp. are set to benefit from rising prices of raw materials in t...
Mar 14, 2022 (Gmt+09:00)
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War in Ukraine
Korea jittery over oil, gas, commodity weaponization
South Korea’s energy and raw materials imports have surged to all-time highs in value terms in the wake of Russia’s invasion of Ukraine,...
Mar 13, 2022 (Gmt+09:00)
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Carbon neutrality
SK E&S to start business of carbon storage in depleted gas fields
South Korea’s SK E&S Co. is set to enter the business of carbon storage in depleted gas fields.The natural gas business unit of SK Group s...
Mar 10, 2022 (Gmt+09:00)
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EV Charging
Hyundai to set up EV chargers at Shell gas stations
Hyundai Motor Co. plans to set up chargers for electric vehicles at gas stations of Shell Inc. worldwide as South Korea’s top automaker aims t...
Feb 25, 2022 (Gmt+09:00)
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War in Ukraine
Korean shipbuilders set for more orders on Ukraine crisis
South Korea’s shipbuilders are expected to get more orders on the escalating crisis in Ukraine as Europe is diversifying natural gas suppliers...
Feb 23, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai, Daewoo race for ship orders after merger fails
The world’s two largest shipbuilders Hyundai Heavy Industries Group and Daewoo Shipbuilding & Marine Engineering Co. are battling it out t...
Feb 04, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE bags $1.4 billion ship orders in first 2022 deals
Korea Shipbuilding & Offshore Engineering Co. (KSOE), Hyundai Heavy Industries Group’s intermediate holding company, has kicked off 2022 w...
Jan 04, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn
South Korean refiner Hyundai Oilbank Co. plans to build an eco-friendly power plant fueled with liquefied natural gas (LNG) and blue hydrogen to mee...
Dec 22, 2021 (Gmt+09:00)
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Hydrogen economy
SK Gas invests in Bill Gates-backed hydrogen tech startup
SK Gas Co., the top liquefied petroleum gas (LPG) company in South Korea, has invested in Series B funding for C-Zero Inc., a California-based start...
Dec 08, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders win record LNG carrier orders; 2022 outlook bright
South Korea’s three major shipbuilders have swept global orders for LNG carriers, more profitable than oil tankers and container ships, amid s...
Dec 08, 2021 (Gmt+09:00)
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Carbon neutrality
Hyundai Oilbank to make building, paper materials with carbon
South Korean refiner Hyundai Oilbank Co. is set to produce eco-friendly materials for construction and paper with by-products of refining as it seek...
Dec 06, 2021 (Gmt+09:00)
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Retail
End of No-Japanese boycott? Uniqlo Korea turns to black
Japanese companies operating in South Korea are making a comeback after being hit hard by a campaign that began in mid-2019 to boycott Japanese prod...
Dec 05, 2021 (Gmt+09:00)
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Energy
Hyundai wins $1.7 bn natural gas field project order from Aramco
South Korea’s Hyundai Engineering Co. and Hyundai Engineering & Construction Co. (Hyundai E&C), both carmaker giant Hyundai Motor Gr...
Nov 30, 2021 (Gmt+09:00)
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Supply chain
Urea crisis lays bare South Korea’s heavy dependence on China
The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...
Nov 14, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo Shipbuilding, Samsung Heavy win LNG carriers order from Qatar
South Korea’s major shipbuilders Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. won orders for six liquefie...
Nov 08, 2021 (Gmt+09:00)
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Energy
POSCO International, Petronas sign PSC for Malaysian gas development
POSCO International Co., the trading unit of South Korean steelmaker POSCO, has signed a production sharing contract (PSC) for the development of an...
Nov 02, 2021 (Gmt+09:00)
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Energy
POSCO International seeks to buy Australian gas producer Senex
POSCO International Co. is seeking to acquire Australian coal seam gas producer Senex Energy Ltd., as the trading unit of South Korean steelmaker PO...
Oct 18, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders turn focus to high-value vessels
South Korean shipbuilders, brimming with heavy order backlogs, are turning their focus to high-value and eco-friendly vessels for new orders as the ...
Oct 14, 2021 (Gmt+09:00)
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Airlines
Korean LCCs rush to stock market for fund on travel recovery hopes
Cash-strapped South Korean budget airlines are rushing to raise money in the local stock market on growing hopes for a travel recovery as government...
Oct 08, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Hanjin Heavy wins $270 mn container ship order, first deal in 6 years
Hanjin Heavy Industries & Construction Co. said on Tuesday it has won a $270 million deal to build four 5,500 TEU container ships for a European...
Oct 05, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delayed EU approval puts Hyundai-Daewoo shipbuilding deal at risk
The deal to combine the world's largest shipbuilder Hyundai Heavy Industries Co. with second-ranked Daewoo Shipbuilding & Marine Engineering Co....
Oct 03, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC advised to invest in Europe's residential market
Europe's residential real estate market has stronger growth potential than the US housing facilities, given the growing preference among millennials...
Sep 29, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders await improved earnings as LNG carrier price hit all-time high
South Korean shipbuilders, which have secured almost 97% of the orders placed for liquefied natural gas (LNG) carriers this year, expect to see thei...
Sep 19, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo Shipbuilding tops 2021 order target
Daewoo Shipbuilding & Marine Engineering Co. exceeded its order target for this year with a $846 million contract for liquefied natural gas (LNG...
Sep 14, 2021 (Gmt+09:00)
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Energy
Korea refiners' recovery accelerates on strong margins
South Korean refiners are gathering recovery momentum as refining margins hit a two-year high on falling petroleum product supply from China and r...
Sep 13, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Glovis inks gas shipping deal with Trafigura
South Korea’s Hyundai Glovis Co. has inked a deal with global commodities trader Trafigura to transport gas and ammonia as part of its longer-...
Sep 06, 2021 (Gmt+09:00)
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Energy
KOGAS, Hanwha-led group to build Vietnam LNG power plant
Korea Gas Corp. (KOGAS) and Hanwha Energy Corp.-led group was set to build a $4.8 billion liquefied natural gas (LNG) power plant in Vietnam that is...
Sep 06, 2021 (Gmt+09:00)
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Economy
Korea proposes record budget for 2022 to speed up recovery
South Korea’s government proposed a record high spending for 2022 to reinforce a recovery in Asia’s fourth-largest economy despite a wid...
Aug 31, 2021 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess