Tag: South Korea

Global LNG trade increased to 360 million tonnes in 2020 despite the unprecedented volatility caused by the COVID-19 pandemic, says oil major Shell in its latest annual LNG Outlook published Thursday. The report also predicts that global LNG demand is expected to reach 700 million tonnes by 2040.

Following the seizure of the South Korean-flagged MT Hankuk Chemi by Iranian authorities in the waters off Oman, its 20-member crew are now released, making their way home.

In an effort to enhance an environmentally-friendly recovery from the COVID-19 oubreak, South Korea unveiled a 48.5 trillion plan to develop the world’s largest wind power plant by 2030.

Following the detention of the South Korean "Hankuk Chemi" tanker by Iranian authorities off Oman, a senior Iranian lawmaker reported that a move by South Korea towards releasing $7 billion in frozen Iranian funds may help the situation.

ABB along with South Korea's Haemin Heavy Industries shipyard, shake their hands in order to develop region's first domestic zero-emissions ferry.

Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of the world's largest shipbuilder, Hyundai Heavy Industries Group, has developed a digital twin ship technology that allows it to test operate a vessel in a virtual environment.

Following the recent detention of "Hankuk Chemi" by Iranian authorities off Oman, Iran reported that South Korea should avoid politicising the seizure of the tanker, while presses Seoul to release $7 billion in funds frozen amid U.S. sanctions.

Following the seizure of the South Korean-flagged MT Hankuk Chemi by Iranian authorities in the waters off Oman, South Korea will send a government delegation to Iran, in order to negotiate the release of the tanker.

In response to the unconfirmed seizure of a South Korean chemical tanker by Iranian authorities in the waters off Oman, Seoul confirmed the vessel's detention and demanded its immediate release.

The Ministry of Maritime Affairs and Fisheries of South Korea recently announced a ten-year investing plan of more than $6 billion, for the redevelopment of ports around the country.