V.Group bags International Seaways contract to manage dual-fuel LNG VLCC

International Seaways has contracted V.Group to manage three of its dual-fuel very large crude carriers (VLCCs) currently under construction in South Korea. The LNG-fuelled VLCC trio, which is being built by Daewoo Shipbuilding & Marine Engineering (DSME), will join V.Group’s fleet management and will be employed on long-term charters with supermajor Shell. In addition to

Europe receives marine fuel from Dansuk

Dansuk, a South Korean biodiesel producer, supplied 3,000t of sustainable marine fuel (SMF) to the Netherlands this month. It is the company’s first export to Europe. The company produces 50,000 t/yr of SMF at its Pyeongtaek and Siheung factories in Gyeonggi province. The SMF is a blend of fatty acid pitch and acid oil pitch

Samsung bags orders for 14 LNG carriers construction

South Korea’s Samsung Heavy Industries has bagged orders worth $3bn for the construction of 14 liquefied natural gas (LNG) carriers. The shipbuilder said it would build twelve 174,000 cu m units for an undisclosed Bermuda-based shipowner, who is paying $2.57bn to have the vessels delivered by July 2026. In a separate order the shipbuilder received

Air Liquide sets up hydrogen joint venture with Lotte Chemical

Air Liquide, a French supplier of industrial gases and services, set up a joint venture with Lotte Chemical, a major chemical company based in South Korea, to establish a supply chain by utilizing by-product hydrogen for hydrogen vehicles. It is the first step of cooperation following an agreement on their strategic alliance in May 2021.

South Korea chided for declaring gas a sustainable investment

South Korea’s government is being criticized for including natural gas in a category of activities that it deems will help cut emissions. Liquefied natural gas was included in a taxonomy to accelerate green goals released by the Environment Ministry on Dec. 30, while nuclear energy was left out. LNG is in the transition section, so