Korea Line secures $1.15bn LNG contract

Korea Line secures $1.15bn LNG contract

Korea Line Corp has won a 20-year LNG shipping deal worth KRW1.27trn ($1.15bn). Korea Gas Corp (Kogas) awarded the Samra Midas (SM) affiliate the contract which will run through to the end of May 2037.

Korea Line is owned by SM, which also this year launched a new container firm, SM Line. As well as LNG, it is best known for dry bulk, while also having some exposure to the car carrier sector.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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