South Korean conglomerate Hanwha has signed a memorandum of understanding with Fermeuse Energy to jointly develop the latter’s planned LNG export project in the Canadian province of Newfoundland and Labrador.
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Hanwha Power, part of South Korean conglomerate Hanwha, has secured approval in principle from the American Bureau of Shipping (ABS) for the concept design of a 22,000-cbm LNG bunkering vessel.
South Korean shipbuilder Hanwha Ocean has launched MOL’s floating storage and regasification unit (FSRU), which will serve Singapore’s second LNG import terminal.
Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.