LNG

South Korean private equity firm, Hahn & Company is restructuring its two shipping companies to create a large standalone gas carrier company. Around 16 LNGCs will be switched from H Line Haeun to SK Haeun and in return, H Line Haeun will transfer 12 tankers, plus around $300 million in cash. By adding its existing 14 LPG carriers, SK Haeun plans to concentrate on the gas carrier market and will change its name to ‘K-LNG’.

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