{
  "id": 14639860,
  "title": "POSCO, Hanwha Ocean team up on high-manganese steel LNG cargo tanks",
  "url": "https://urgent.news/2026/10/15/posco-hanwha-ocean-team-up-on-high-manganese-steel-lng-cargo-tanks",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T07:37:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20261015/posco-hanwha-ocean-team-up-on-high-manganese-steel-lng-cargo-tanks"
  },
  "original_language": "en",
  "account": "Korean steelmaker POSCO and shipbuilder Hanwha Ocean have joined forces to construct a demonstration liquefied natural gas (LNG) carrier featuring high-manganese steel cargo tanks. This collaboration aims to bolster Korea's technological prowess in a field traditionally led by foreign firms. LNG fuel tanks hold the fuel necessary to power LNG-fueled vessels, while cargo tanks on LNG carriers serve as substantial storage systems for the LNG itself as it is transported internationally. POSCO announced the formation of this partnership through a memorandum of understanding (MOU) signed at Hanwha Ocean's Geoje shipyard, with senior officials from both firms present, including POSCO President Lee Hee-geun and Hanwha Ocean CEO Kim Hee-cheul. The collaboration comes at a time when there is a growing demand for LNG as nations strive to adopt lower-carbon energy sources, thereby increasing the need for LNG carriers. However, Korean shipbuilders continue to rely on foreign technology for cargo tanks, a crucial element of these vessels. Under the terms of the MOU, POSCO and Hanwha Ocean will collaborate to develop cargo tanks utilizing POSCO's high-manganese steel technology.",
  "summary": "Korean steelmaker POSCO and shipbuilder Hanwha Ocean are teaming up to build a demonstration liquified natural gas (LNG) carrier equipped with high-manganese steel cargo tanks, aiming to strengthen Korea’s technological competitiveness in a market long dominated by foreign technology. LNG fuel tanks store the fuel used to power LNG-fueled vessels, while cargo tanks on LNG carriers are large…",
  "key_points": [
    "POSCO and Hanwha Ocean form partnership for LNG carrier demonstration",
    "Collaboration focuses on high-manganese steel cargo tanks",
    "MOU signed at Hanwha Ocean's Geoje shipyard"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "POSCO, Hanwha Ocean team up on high-manganese steel LNG cargo tanks",
        "url": "https://urgent.news/2026/10/15/posco-hanwha-ocean-team-up-on-high-manganese-steel-lng-cargo-tanks-14643152",
        "published": "2026-10-15T07:57:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}