POSCO, Hanwha Ocean team up on high-manganese steel LNG cargo tanks

POSCO, a Korean steelmaker, and Hanwha Ocean, a shipbuilder, have partnered to develop a demonstration liquified natural gas (LNG) carrier with high-manganese steel cargo tanks. This collaboration aims to enhance Korea's technological competitiveness in the LNG market, which has been dominated by foreign technology. The development of high-manganese steel cargo tanks could improve the efficiency and safety of LNG transportation, potentially benefiting the global economy and trade. This partnership could also boost Korea's position in the global LNG industry.

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POSCO and Hanwha Ocean are teaming up to build a demonstration liquified natural gas carrier. This partnership could lead to increased demand for Korean shipbuilding services.

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