HMM of South Korea to Sell LNG Business

Hyundai Merchant Marine (HMM) of South Korea aims to sell its LNG carrier business to IMM Investment Corp for 1.1 trillion won (US $1.03 billion).

Selling the LNG business is part of parent Hyundai Group’s plan to raise support funds to pay off debt and HMM expects to complete the deal in the first half of this year, Reuters informs.

HMM’s LNG carrier service was launched in 1994 with Korea’s first LNG vessel – the ‘Hyundai Utopia’ to execute a 20-year contract with the Korea Gas Corporation (KOGAS).

The company now operates eight LNG vessels transporting KOGAS cargoes from around the world to South Korea.

LNG World News Staff, February 12, 2014; Image: HMM



Share this article

Follow LNG World News

One thought on “HMM of South Korea to Sell LNG Business”

Comments are closed.


<< Oct 2019 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >