Korea Joongang Daily
Korea JoongAng Daily

HD KSOE secures $230.5 million gas carrier deal for European shipper

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) inked a contract with a European shipping company for two very large gas carriers (VLGC) at 303.2 billion won ($230.5 million), marking the first contract of the year 2024.

2024-01-05

[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

Maritime industry fears foreign purchase of Hyundai LNG

The potential sale of Hyundai LNG Shipping to a foreign company has sparked concerns in Korea's maritime industry due to the potential impact on the nation's energy security.

2023-05-09

HD KSOE wins multiple contracts worth $2.1 billion for gas carriers

HD Korea Shipbuilding & Offshore Engineering (KSOE) won 2.79 trillion won ($2.3 billion) worth of orders from multiple clients in Europe, Oceania and Asia to build 12 gas carriers.

2023-05-02

Dual-fuel plant in Ulsan the bridge to future of SK gas

SK gas will pour about 2 trillion won ($1.5 billion) into shifting its focus from its previous LPG business to LNG and hydrogen until 2026, according to Yoon Byung-suk, SK gas CEO, on Wednesday.

2023-04-28

Disaster in Daegu

An explosion at an LPG station in Seo District, Daegu, nearly 240 kilometers (150 miles) southeast of Seoul, on Wednesday afternoon injured at least eight people.

2022-11-16

KSOE announces 391.7 billion won order for three LPG carriers from Liberian shipper

Korea Shipbuilding & Offshore Engineering (KSOE) announced Monday that it had received an order for three liquefied petroleum gas (LPG) carriers worth 391.7 billion won ($285 million) from a shipper in Liberia.

2022-09-05

Ripples of war

Since Russia's invasion of Ukraine, global liquefied petroleum gas (LPG) prices have soared, also affecting local prices. LPG distributors E1 and SK Gas announced they will both increase LPG prices by 60 won (5 cent) per kilogram starting Tuesday.

2022-03-01

Energy prices cheer refiners, hammer petrochemical firms

A recent spike in energy prices is dividing the fortunes of Korean refiners and petrochemical companies.

2021-10-10

Hyundai Glovis to begin transporting LPG, ammonia

Logistics company Hyundai Glovis will start shipping liquefied petroleum gas (LPG) and ammonia by sea from 2024 thanks to a transportation contract it has signed with Swiss commodity trading company Trafigura, the company said Sunday. According ...

2021-09-05