Tag: lng carrier

lng carrier

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Another Korea-operated vessel transits through Strait of Hormuz

A Korea-operated LNG carrier passed through the Strait of Hormuz, reducing the number of stranded Korean vessels and crew in the waterway.

2026.6.11

A large crane stands at Hanwha Ocean’s headquarters in Geoje, South Gyeongsang, on July 28, four days ahead of the deadline for Korea-U.S. tariff negotiations. [YONHAP]

Korean shipbuilders post strong Q2 earnings amid rising sales, operating profits

Korea’s major shipbuilders are reporting strong second-quarter earnings, with rising sales and operating profits adding momentum to an industry seen as a key leverage point in ongoing trade negotiations with the United States.

2025.7.29

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A ship ordered by the U.S. government is being built at the dock of Hanwha Philly Shipyard in Philadelphia on July 16. [KANG TAE-HWA]

Philly Shipyard gets 1st LNG order from Hanwha Shipping

Philly Shipyard, a U.S. shipbuilder owned by Hanwha Ocean, has received its first-ever order for a liquefied natural gas (LNG) carrier from Hanwha Shipping, a shipping affiliate of Hanwha Group.

2025.7.22

An LNG carrier constructed by Samsung Heavy Industries [SAMSUNG HEAVY INDUSTRIES]

Samsung Heavy Industries lands largest-ever contract of $3.44 billion

Samsung Heavy Industries secured a $3.44 billion contract to build 15 LNG carriers for a shipper rumored to be Qatar's state-run QatarEnergy.

2024.2.6

Samsung Heavy Industries remains in black with $46M profit

Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its focus on high-profit vessels including liquefied natural gas (LNG) carriers.

2023.7.27

Korean shipbuilders rank No. 2 for second straight year in 2022

Korean shipbuilders lagged behind their Chinese rivals in terms of new global orders in 2022 to take the No. 2 spot in the world for the second straight year, industry data showed Thursday

2022.12.29

A liquefied natural gas carrier built by Samsung Heavy Industries [SAMSUNG HEAVY INDUSTRIES]

Samsung Heavy wins 331.3 billion-won order for 1 LNG carrier

Korean shipyard Samsung Heavy Industries said Wednesday it has bagged a 331.3 billion-won ($250 million) order to build one liquefied natural gas (LNG) carrier for an Oceanian shipper.

2022.11.30

Daewoo Shipbuilding & Marine Engineering’s very large crude-oil carrier. [DSME]

DSME signs letter of intent for 10 dual-fuel VLCCs

Daewoo Shipbuilding & Marine Engineering (DSME) signed a letter of intent to build 10 very large crude-oil carriers (VLCCs) that run on liquefied natural gas (LNG).

2020.12.7

Daewoo Marine and Shipbuilding (DSME) LNG carriers. [DSME]

LNG tech monopoly fined by FTC for abusing dominant position

The Fair Trade Commission (FTC) on Wednesday said Saint-Rémy-lès-Chevreuse, France-based Gaztransport & Technigaz (GTT) was fined 12.5 billion won ($11.3 million) for the violation.

2020.11.25