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Kogas to order two LNG carriers, possibly at Korean yards

State-run Korea Gas Corp (Kogas) has said it will order two new LNG carriers next year, possibly at domestic yard, according to a Yonhap report.

Kogas president Lee Seung-hoon told the news agency that plans to order the vessels had been brought forward in order to help South Korea’s shipbuilding industry through its worst-ever slump.

“At the moment, demand for global LNG is waning, which works to reduce demand for new LNG carriers,” he told Yonhap. “As new shipbuilding orders are declining, we are looking at an option to assign maintenance work to local shipbuilders as well.”

Kogas is the world’s largest LNG importer by volume.

 

 

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Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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