South Korea's SK Shipping to become Asia's largest LNG carrier operator in H-Line asset swap

SEOUL, Aug 13 : South Korean shipping companies SK Shipping and H-Line Shipping will swap vessels and long-term contracts in a deal that will make SK Shipping Asia's largest liquefied natural gas (LNG) carrier operator, their owner Hahn & Co. said on Thursday.• SK Shipping will receive 16 LNG vessels and related long-term contracts from H-Line Shipping in exchange for 12 tankers, long-term contracts and about $300 million in cash, Hahn & Co. said in a press release.• After the transaction, SK Shipping will operate 32 LNG carriers and 14 liquefied petroleum gas (LPG) vessels, becoming the third-largest LNG carrier operator globally.• Hahn & Co. plans to rebrand the company as K-LNG. • H-Line Shipping will become a tanker and bulk shipping-focused operator following the asset swap.• The resh