Posco targets LNG cargo tank market with Hanwha Ocean

What happened: Posco signed a memorandum of understanding with Hanwha Ocean to develop and test LNG carrier cargo tanks made from Posco's high-manganese steel, with a demonstration vessel to be built. Key numbers: An LNG carrier needs over 10,000 metric tons of cargo tank material versus roughly 1,000 tons for LNG fuel tanks. Why it matters: Posco says the material offers cost and supply advantages over Invar, and expanding into cargo tanks could significantly increase demand. The companies plan to extend use to LNG bunkering vessels and floating storage and regasification units.

Posco targets LNG cargo tank market with Hanwha Ocean.

Posco targets LNG cargo tank market with Hanwha Ocean. — impact context not separately stored; see What changed.