The labor union of Daewoo Shipbuilding and Marine Engineering (DSME) is considering withdrawing from the Korean Metal Workers’ Federation (KMWF) amid intensifying labor-labor conflicts due to a prolonged strike by unionized workers at subcontractors in Geoje, Tongyeong, and Goseong.The DSME branch o
Korea Gas Corp. (Kogas) announced on Dec. 29 that it plans to establish a hydrogen platform that encompasses hydrogen production bases, hydrogen charging stations, and overseas hydrogen production facilities. As a first step toward realizing the plan, it broke ground for the construction of a hydrog
Korea Gas Corp. (KOGAS) announced on July 14 that it has launched a two-week test run before the commercial operation of Al-Jur Liquefied Natural Gas (LNG) Production Base in Kuwait.The base is the world’s fifth-largest facility after LNG production bases in Incheon, Pyeongtaek and Tongyeong of Kore
Korea Gas Corp. (KOGAS) has succeeded in transferring LNG between LNG carriers in the middle of the sea. KOGAS has become the first company in the world to conduct LNG bunkering at sea using a ship to ship (STS) method.KOGAS said on Nov. 26 that it has completed an "STS LNG shipment test" for trial
Skyline Luge Tongyeong has been named as one of Korea’s "100 Must-visit Tourist Spots (100 MVTS)." The top 100 list is compiled every two years by the Ministry of Tourism in collaboration with the Korea Tourism Organization, who select and honor the 100 best tourist spots in Korea.The 100 MVTS accol
Korea Gas Corporation (KOGAS) is accelerating the expansion of its LNG bunkering business. LNG bunkering, which is to supply LNG to ships on the sea, is regarded as a future growth driver of the global maritime industry as it can help gas companies to effectively respond to regulations.KOGAS announc
US shale gas will be imported to Korea for the first time next month.KOGAS, holding a ceremony in honor of receiving LNG at Sabine Pass LNG Terminal in Louisiana on June 25 (local time), announced that the state-run energy company will introduce 2.8 million tons of American shale gas per year for 20
As individual investors made an appeal against the court’s decision to approve the assembly of bondholders of Daewoo Shipbuilding & Marine Engineering (DSME), there are growing concerns that DSME’s debt readjustment can be delayed. Not only creditors, including commercial banks, but also bondholders
In order to support the domestic shipbuilding and shipping businesses, which have been under severe restructurings, Korea Gas Corporation (KOGAS) is planning to place an order for liquefied natural gas (LNG) carriers and promote domestic major ports as a LNG hub in Northeast Asia by establishing LNG
The Korea Gas Corporation (KOGAS, CEO Lee Seung-hoon) held a ceremony to celebrate the completion of the first stage of their new liquefied natural gas (LNG) production base in Samcheok on Dec. 15.In a bid to actively deal with the demand for natural gas, the construction plan of the Samcheok LNG pr
Small Korean shipbuilders are withdrawing from the offshore plant industry one after another due to their deteriorating profitability.According to sources in the industry on Dec. 3, small shipbuilders such as Sungdong Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding stopped receivin
POSCO Energy announced on September 16 that it will move forward with the world's first fuel cell project by using boil-off gas (BOG) that comes from LNG production facilities. The energy affiliate of POSCO signed a contract for a 300-kW fuel cell power plant with Korea Gas Corporation (KOGAS). The
Sungdong Shipbuilding & Marine Engineering (SSME) announced on August 29 that it won an order for eight 115,000 dwt LR2 tankers (four options included) from Singapore’s Navig 8, and another contract for four 50,000 dwt MR tankers (two options included) from Horizon Tankers, an affiliate of Greece’s