Hyundai Heavy, Nigeria to Set up LNG Shipping Firm

Thursday, April 26, 2007
Hyundai Heavy Industries Co., the world's biggest shipbuilder, said on Wednesday it will set up a shipping firm with Nigeria's state-run Nigerian National Petroleum Corp. (NNPC) to deliver liquefied natural gas. Hyundai will own 49 percent stake in the liquefied natural gas (LNG) joint venture shipping company, to be named Nigeria Korea Marine (NIKORMA) Transport Ltd., while NNPC will own 51 percent.

The shipbuilder will eventually deliver crude and oil products after initially focusing on LNG, Hyundai said. Earlier this year, Daewoo Shipbuilding and Marine Engineering Co. Ltd. said it will set up a similar shipping firm with NNPC, a joint venture called Nigeria Daewoo Shipping Ltd., which will transport merchant goods, crude oil and petroleum products. Source: Reuters

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Seaspan Acquires 7th SAVER Boxship

Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the MOL Beacon. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co.

OOCL Orders Six Ultra-Large Container Ships

Orient Overseas (International) Ltd. has placed a new order for six mega 20,000 teu container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.

Shipping Confidence Hits 2.5 Year Low

Overall confidence levels in the shipping industry fell to their lowest level for two-and-a-half years in February 2015, according to the latest Shipping Confidence

Naval Architecture

All American Marine Delivers Ferry to Seattle

All American Marine, Inc. (AAM) today announced the delivery of a new passenger ferry that will serve the city of Seattle.    The vessel, MV Sally Fox, was dedicated

SCI takes Delivery of VLCC "Desh Vibhor"

The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Very Large Crude Oil Carrier (VLCC) on 28 March, 2015. The vessel has been named “Desh Vibhor”.

VIKING LifeCraft Presented at IMO

This week, VIKING Life-Saving Equipment took a step towards gaining approval for the VIKING LifeCraft, its alternative life-saving appliance (LSA) for passenger ships.

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1338 sec (7 req/sec)