South Korean dry bulk operator, Korea Line in early March announced the division of its LNG transportation business into an independent entity called: Korea Line LNG.
Korean Line stated the purpose for the division is to enhance efficiency by establishing a focused decision-making system, and to be a specialist in the LNG market by responding promptly to market needs.
Korea Line LNG is to focus on LNG transport and LNG bunkering with eight vessels and three new buildings. The new company will be operational from 1 May 2020.
At present, the company is building a 18,000 cbm LNG bunkering vessel at Hyundai Mipo Dockyard that will be chartered by Shell when delivered by the end of 2020.
Related: Wärtsilä to supply cargo handling system to LNG Bunkering vessel
Related: Hyundai Mipo Dockyard secures $61 million order for LNG bunkering vessel
Related: Korea Line Corporation charters LNG bunkering tanker to Shell Western LNG
Photo credit: Wärtsilä
Published: 19 March, 2020
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