Hanwha Ocean: steam LNG carrier scrapping driving replacement newbuilding demand

South Korean shipbuilder Hanwha Ocean said on Monday that accelerated scrapping of inefficient steam LNG carriers is driving replacement newbuilding demand.

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

Atlantic LNG shipping rates decrease this week

Atlantic spot LNG shipping rates dropped this week, while Pacific rates were flat compared to the week before, according to Spark Commodities.

Stabilis secures new approval for Galveston LNG project

Houston-based small-scale LNG player Stabilis Solutions has received a letter of recommendation (LOR) from the US Coast Guard for its planned Galveston liquefaction facility.

Russian LNG production up 10.7 percent in January-June

Russian liquefied natural gas (LNG) production rose 10.7 percent in the first six months of this year, according to the Russian statistics agency Rosstat.
spot_img

More News Like This

Yang Ming to spend up to $1.22 billion on new LNG-powered containership order

Taiwan’s Yang Ming Marine Transport will spend up to $1.22 billion on an order for six LNG dual-fuel container vessels at South Korea's Hanwha Ocean.

Hanwha Ocean inks MoU with Kanata for Canadian FLNG project

South Korea's Hanwha Ocean has entered into a non-binding memorandum of understanding with Canada's Kanata Clean Power & Climate Technologies to cooperate on a 12 mtpa floating liquefied natural gas export project planned for Prince Rupert, British Columbia. The project is expected to cost $15.7 billion.

Adnoc L&S eyes more LNG carrier orders in China and South Korea

UAE’s Adnoc L&S, a unit of state-owned energy giant Adnoc, is expected to order more liquefied natural gas (LNG) carriers in China and South Korea soon, according to shipbuilding sources.

Knutsen orders another LNG carrier at Hanwha Ocean

Norwegian owner Knutsen has ordered another liquefied natural gas (LNG) carrier from South Korea's Hanwha Ocean, according to shipbuilding sources.