Korea Joongang Daily
Korea JoongAng Daily

Cutthroat war over the ‘bridge fuel’

Korea must act more aggressively to secure LNG to meet the carbon neutrality goal by 2050.

2024-05-07

Hanwha Ocean bags $1.8 billion contract for 8 LNG carriers

The Korean shipbuilder secured a contract for eight liquefied natural gas carriers for an Oceanian shipper.

2024-03-26

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.

2024-02-06

Samsung Heavy ordered to pay SK $290 million for carrier defects

Samsung Heavy has been ordered to pay $290 million in compensation to SK Shipping for defects in two of its LNG carriers. Issues with the vessels resulted in their operational suspension, though responsibility for those issues remains disputed.

2023-12-18

[INTERVIEW] SK Gas CEO urges gradual shift to renewable energy

Despite rapid growth in the EV market, the world is still heavily reliant on nonrenewable energy. SK Gas CEO Yoon Byung-suk stresses the importance of a gradual move towards environmentally friendly power in an interview with the JoongAng Ilbo.

2023-11-22

Korea's LNG supply is 'stable' amid Israel-Hamas conflict, gov't says

Korea is maintaining a steady supply of liquefied natural gas (LNG) and is preparing contingencies amid geopolitical uncertainties in the Middle East, the Industry Ministry said Tuesday.

2023-11-21

Hanwha Ocean sets green technology standard with LNG carriers

Hanwha Ocean is at the forefront of LNG carrier production, with one in 4 LNG carriers currently in operation being a creation of Hanwha. The Geoje Shipyard has found itself busier than ever, driven by heightened environmental regulations.

2023-10-30

Samsung Heavy Industries secures $260M LNG carrier order

Samsung Heavy Industries has secured a $260 million order for an LNG carrier from an Asian shipper, helping reach 69 percent of its annual order target.

2023-10-10

Korea's major shipbuilders battle for lucrative LNG deals

Korea's three big shipbuilders will be vying to win a series of liquefied natural gas (LNG) carrier orders scheduled for the latter half of the year, including an approximately $10 billion contract from Qatar.

2023-09-11

Samsung Heavy Industries faces contract cancellation due to Russian sanctions

Samsung Heavy Industries is facing a potential contract cancellation regarding the construction of icebreaking LNG carriers for Russia, due to sanctions imposed on Russia in response to the Ukraine conflict.

2023-08-29