South Korean shipbuilder Hanwha Ocean expects the recovery in the LNG newbuilding market to be led by US export projects and the phase-out of steam LNG carriers.
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French energy giant TotalEnergies said on Monday that Papua LNG has achieved "major" contractual and commercial milestones, marking "decisive" steps towards a final investment decision. These include completing the EPC tendering process and transferring Papua LNG operatorship to US energy giant ExxonMobil, operator of the PNG LNG project.
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.
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.
Taiwan’s Yang Ming Marine Transport has signed a shipbuilding deal with South Korea’s Hanwha Ocean for the construction of six LNG-powered containerships.
South Korean shipbuilder Hanwha Ocean said on Monday that mid- to long-term demand for LNG carrier newbuildings is driven by higher ton-mile demand from stronger energy security policies and LNG supply diversification toward the US and other exporters amid Middle East disruptions.