LNG

July 23 - Korea Gas Corporation (KOGAS) has teamed up with the country's three major shipbuilders - Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering - to form a specialized company to design LNG carrier tanks. Up to now, the three shipbuilders had to pay royalties of $8.66 million per vessel to GTT, since they don't yet have proprietary tank design technology.