LNG

Hyundai Marine Solution Co., the South Korean ship services provider, has been awarded an order for re-liquefaction upgrades on some of the LNG carriers operated by the shipping unit of Chevron Corp.

Awilco LNG, the small Norwegian-based shipping provider with two vessels, managed to swing back to profit in the third quarter as the ships returned from dry dock and said that overall LNG shipping market rates were still at healthy levels though vessels may soon be used for storing LNG with land-based facilities full in the European Union.