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South Korean shipbuilders have secured fresh orders for 10 liquefied natural gas (LNG) carriers valued at nearly $1.8 billion, reinforcing the country’s leadership in the global LNG vessel construction market. The latest contracts highlight growing demand for energy transportation capacity as nations diversify fuel supply chains and invest heavily in cleaner marine fuels.
Industry leaders including HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean continue to dominate the high-value LNG carrier segment, supported by advanced shipbuilding technology and strong global demand for eco-friendly vessels. According to industry reports, the three companies collectively captured the majority of LNG carrier orders placed worldwide this year.
The latest round of orders comes amid heightened geopolitical uncertainty and a global push to strengthen energy security. Rising LNG trade volumes, particularly in Asia and Europe, are driving long-term investments in modern LNG fleets capable of transporting cleaner-burning fuel across global markets. Analysts note that LNG carriers remain among the most technologically sophisticated and profitable vessels in commercial shipbuilding.
HD Korea Shipbuilding & Offshore Engineering has emerged as a major beneficiary of the surge, securing multiple LNG carrier contracts in recent weeks. The company recently announced orders for two LNG carriers from a North American shipping company, adding to a growing order backlog for eco-friendly vessels.
Meanwhile, Samsung Heavy Industries has also expanded its LNG carrier portfolio with new contracts from international shipping firms. The company said steady LNG demand and selective bidding on high-value vessels are helping improve profitability and long-term order visibility.
South Korea’s shipbuilders currently command a dominant share of the global LNG carrier market, supported by expertise in membrane containment systems, fuel efficiency technologies, and compliance with tightening environmental regulations. Industry estimates suggest global LNG carrier demand could remain robust through the decade as energy companies increase LNG exports and replace aging fleets.
The strong order momentum is also expected to benefit the broader maritime supply chain, including steel manufacturers, marine equipment suppliers, logistics providers, and port infrastructure developers. As global shipping transitions toward lower-emission fuels, Korean shipyards appear well-positioned to capitalize on the next phase of the maritime energy transition.
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Tuticorin Container Terminal handled a record 33,771 twenty-foot equivalent units (TEUs) in September 2026, marking a significant milestone in its operational performance and reinforcing its focus on efficiency, reliability and service quality. The achievement reflects the collective efforts of the terminal’s workforce across operational, technical and support functions. Their dedication, resilience and coordination have played a key role in ensuring smooth cargo movement and maintaining operational continuity. The terminal also highlighted the contributions of women across its operational, technical and support teams, underscoring the growing importance of gender diversity and inclusive workforce practices in the maritime sector. Tuticorin Container Terminal expressed its gratitude to vessel operators, container lines and other stakeholders for their continued trust and partnership. It also acknowledged the support and cooperation of the V.O. Chidambaranar Port Authority in facilitating efficient terminal operations. The record monthly throughput marks another step in the terminal’s efforts to strengthen operational excellence and stakeholder collaboration. With a continued focus on dependable services, workforce engagement, and operational efficiency, the terminal aims to support growing cargo movement and enhance regional container logistics capabilities. The handling of 33,771 TEUs in a single month highlights the role of coordinated teamwork and industry partnerships in strengthening Tuticorin’s position in India’s container logistics network. Follow CARGOCONNECT for more such updates
India has taken a landmark step towards establishing itself as a global supplier of green maritime fuel with the foundation stone laid for the country’s first port-based e-methanol production facility at Deendayal Port Authority (DPA) in Kandla, Gujarat. The ₹2,300-crore project is being jointly developed by DPA and Namrup-based Assam Petro-Chemicals Ltd (APCL) and is designed to support the decarbonisation of international shipping. The foundation stone was laid on September 26 by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, Gujarat Chief Minister Bhupendra Patel and Assam Chief Minister Himanta Biswa Sarma. The facility will have a total production capacity of 150 tonnes of e-methanol per day. It will use renewable power, water and biogenic carbon dioxide (CO₂) to produce e-methanol, which is intended to be supplied to vessels operating along the Asia-Europe International Trade Corridor, one of the world’s busiest maritime routes. The e-methanol plant will be established through scalable modules in two phases. Phase I will add 50 tonnes per day of production capacity at an investment of ₹1,200 crore and is targeted for completion by January 2027. Phase II, involving a further 100 tonnes per day, will require an investment of ₹1,100 crore and is scheduled for completion by March 2027. Together, the two phases will take the project’s total investment to ₹2,300 crore. The capital contribution between DPA and APCL will be in a 76:24 ratio. DPA’s contribution includes ₹567.32 crore in equity capital, 75 acres of land, desalinated water and renewable energy in the form of green hydrogen. The facility is expected to rank among India’s largest e-methanol production plants and generate more than 3,500 direct and indirect jobs. According to the Ministry of Ports, Shipping and Waterways, the plant is expected to produce green methanol at around US$750 per tonne, compared with a global rate of about US$1,300 per tonne. This cost advantage could strengthen India’s position as a competitive producer and supplier of green fuel for international shipping. Beyond fuel production, the project is expected to stimulate a wider green-energy value chain around Kandla, covering transportation, storage, supply and other ancillary activities associated with green molecule production. It also aligns with India’s broader maritime decarbonisation objectives and its Net Zero emissions target for 2070. The government aims to add 100 ships to the Indian merchant fleet over the next five years and make India one of the world’s top five ship-owning nations by 2047. Therefore, the Kandla facility represents more than a new green-fuel production asset; it marks an effort to integrate port infrastructure, renewable energy and maritime fuel supply into a single ecosystem, potentially positioning Kandla as an emerging green-fuel hub for global shipping. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
The Captain of Ports (CoP) Department, Government of Goa, has invited bids under a public-private partnership (PPP) model for the operation and maintenance of the Captain of Ports Terminal at Panaji, along with associated jetty facilities and the development of a new yacht docking station. The project, estimated at ₹27.04 crore, is aimed at strengthening Goa’s passenger and maritime infrastructure while creating a more integrated waterfront facility. Under the proposed PPP arrangement, the selected private operator will be responsible for operating and maintaining the newly developed Captain of Ports Terminal and six existing jetties located across Panaji, Old Goa and Betim. The project also envisages the integration of three additional floating jetties near Kala Academy, Mahaveer Garden and the Parshuram statue. According to the tender details, bids for the project can be submitted until October 23, 2026. A key component of the project is the proposed yacht docking station near Divja Circle, adjacent to the Santa Monica Tourism Jetty. The facility is planned as a floating concrete jetty with an associated mini-terminal building and yacht docking infrastructure. The proposed docking station will measure approximately 200 metres by six metres and is designed to accommodate at least 40 vessels, including three berths earmarked for government use. The private concessionaire will be permitted to generate revenues through passenger and user charges, as well as commercial activities at the terminal. For the yacht docking facility, the operator can charge up to ₹30,000 per vessel per month. Where Central Government financial assistance is utilised, the permitted monthly charge would be capped at ₹15,000 per vessel. The concession period is proposed at 30 years, with a possible extension of another 10 years. The model is expected to bring private-sector operational capabilities into the management of Goa’s maritime passenger infrastructure while supporting investment in allied waterfront facilities. The tender also provides an opportunity to develop commercial services around the terminal and associated jetties. Located along Dayanand Bandodkar Marg on the Mandovi River, the Captain of Ports Terminal has been developed as an integrated administrative, passenger and maritime services facility. The proposed PPP structure is intended to consolidate its operations while expanding the network of passenger and recreational maritime facilities around Panaji. The initiative comes as Goa continues to strengthen its maritime and tourism infrastructure. By combining terminal operations, existing and proposed jetties and yacht berthing facilities under a single concession, the project could improve coordination across passenger movement, vessel berthing and waterfront services. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
