Five South Korean shipping companies - Korea Line, Pan Ocean, SK Shipping, Hyundai LNG Shipping and H-Line Shipping - could partner up to secure liquefied natural gas transportation services for Qatar’s LNG production capacity expansion project.Qatar Petroleum is expected to put up shipping contracts for at least 40 LNG carriers by the end of the year for its North Field Expansion project
The tanker Maran Gas Vergina has arrived in China with the first delivery of U.S. liquefied natural gas (LNG) in 13 months, shipping data showed on Monday.This is the first shipment since March 2019 after a long-standing trade war in which China raised tariffs on LNG imports from the United States to 25% last year.
A liquefied natural gas (LNG) tanker which loaded a cargo from the United States is currently heading to China, the first shipment since March 2019, according to shiptracking data from Refinitiv Eikon and Kpler on Monday.The tanker SK Resolute loaded the cargo from the Cameron LNG terminal on March 22 and was originally headed to Cristobal, Panama
Powered by growth on the Rostock and Trelleborg route, Stena Line announced plans to invest $5.5m in a refit and renovation of the cabins and public spaces onboard the two ships, FS Mecklenburg-Vorpommern and M/S Skåne.The refit will start in the end of December and take place both during the planned yard visits and during operation.
South Korean shipbuilder Samsung Heavy Industries (SHI) and compatriot telecommunications operator SK Telecom (SKT) have developed a 5G-based autonomous navigation platform that will allow ships to move to set destinations on their own.The trial was conducted using a 3.3m craft developed by SHI and equipped with 5G-based LiDAR, cloud-based IoT platform and T Live Caster
At SK Energy's largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels before new marine fuel standards take effect in just one month.In Japan, the country's second-biggest refiner Idemitsu Kosan Co is taking a more cautious stance, increasing capacity for low sulphur fuel oil (LSFO)
Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said.South Korea's top refiner, SK Energy, tentatively chartered the supertanker Maxim to ship U.S.
Stena Line will permanently suspend operations on its ferry route between Trelleborg, Sweden and Sassnitz, Germany due to the coronavirus pandemic, the European operator announced on Wednesday.The cancellation comes after Stena Line announced in March it would temporarily suspend operations on the route.Stena Line has initiated discussions with the workers' council Betriebsrat in Germany.
Tankers carrying U.S. liquefied natural gas (LNG) are on their way to China after Beijing started granting tax waivers to some importers, according to shipping and trade sources.This is the first time since March 2019 that shipments have resumed after a long-standing trade war that saw China raise tariffs on LNG imports from the United States to 25% last year.
French multinational naval engineering company Gaztransport & Technigaz (GTT) has received two orders from the Korean shipyards, one from Hyundai Samho Heavy Industries (HSHI) and the other one from Hyundai Heavy Industries (HHI) for the tank design of two Liquefied Natural Gas Carrier (LNGC).Each vessel will offer a capacity of 174,000 m3.
The NGO Shipbreaking Platform said that there were a total of 193 ships broken in the second quarter of 2019 and the 146 of these were sold to South Asian scrapping beaches. South Asian working conditions are known to be dire and breaking practices cause irreparable damage to the coastal environment, it added.
South Korea's SK Chemicals Co has introduced a project to use bio heavy oil as vessel fuel amid rising demand for cleaner energy sources.The chemical and pharmaceutical unit under South Korean conglomerate SK Group has started safety and feasibility tests on bio heavy oil for powering large vessels like container ships, said a report in Pulse News.