Advertisement

LNG VESSELS: Hyundai to sell LNG business

South Korea’s Hyundai Merchant Marine has indicated it plans to sell its liquefied natural gas (LNG) transport business to a compatriot investment firm, IMM Investment Corp, for approximately$1.03 billion as it continues to search for funds to pay off debts. Thefinancially troubledshipping company expects to post its third straight year of losses because of weak freight rates, particularly in the container trades. JS

Ships Montly - January 2024

CO2 carrier Carbon Destroyer launched

INEOS and Royal Wagenborg have launched and named the first European-built offshore CO2 carrier, marking a significant milestone for carbon capture and storage (CCS)...
Advertisement

Related articles

CO2 carrier Carbon Destroyer launched

INEOS and Royal Wagenborg have launched and named the first European-built offshore CO2 carrier, marking a significant milestone...

FPSO BW Opal delivered by Seatrium

On 28 May 2025 Seatrium Limited announced the successful delivery of the Floating Production Storage and Offloading vessel...

Delayed return of the Dunkirk Little Ships

The Mayor of Dunkirk and his experienced team organsied many commemorative events against a background of ever-changing weather,...

Damen launches fully electric-ready ferry for BC Ferries

On 22 May Damen Shipyards Galati in Romania launched the latest Island Class Ferry for BC Ferries. The...