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Commodities

South Korean Fleet Reshuffle Creates Asia’s Largest LNG Carrier Operator

Oilprice.com · 1h ago · 🇰🇷 South Korea

South Korean Fleet Reshuffle Creates Asia’s Largest LNG Carrier Operator

South Korean private equity firm Hahn & Co plans to reshuffle the liquefied natural gas tanker fleets of its shipping companies SK Shipping and H-Line Shipping to create Asia’s biggest and the world’s third-largest operator of LNG carriers. Under the agreement announced by the shipping firms’ owner Hahn & Co on Thursday, SK Shipping will receive 16 LNG carriers and their related long-term contracts from H-Line Shipping in exchange for 12 tankers, long-term contracts, and about $300 million in cash. …

Read the full story at Oilprice.com →

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