LNG

May 17 (LNGJ) - Korea Shipbuilding & Offshore Engineering (KSOE), the country’s largest shipyard group, said it won $910 million of orders to build four LNG carriers. Two KSOE affiliates, Hyundai Heavy Industries and Hyundai Samho Heavy Industries, will construct two 174,000 cubic metres capacity vessels each and deliver them to an Asian buyer from the first half of 2025.

South Korea said it would start replacing 140 government-owned coastal ships with newbuild vessels using clean fuel and with the largest having propulsion systems powered by liquefied natural gas.