South Korea
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Asia
Hanjin share price trading at just 1 US cent ahead of tomorrow’s delisting
South Korea’s Hanjin Shipping will be delisted in Seoul tomorrow. The company was declared bankrupt last month and all its…
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Asia
Korean tech firm eyes bust yards
NK, a Korean maritime tech firm best known for ballast water management systems, is looking to branch out into the…
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Europe
DSME wins up to four LNG carriers
John Fredriksen’s Flex LNG is being widely tipped as the mystery European owner behind an order at Daewoo Shipbuilding & Marine…
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Asia
New intra-Asia alliance launches tomorrow
Hyundai Merchant Marine (HMM) has said it will dip into state-backed ship financing funds in the coming couple of months…
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Asia
SK Shipping becomes latest Korean line to restructure
SK Shipping has become the latest Korean line to announce a major restructuring. South Korea’s fourth largest shipping firm will…
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Asia
Pan Ocean orders five wood pulp carriers
South Korean owner Pan Ocean has announced that it has signed a consecutive voyage contracts with Brazilian forestry company Fibria.…
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Asia
Hyundai Heavy to be split up
Shareholders of Hyundai Heavy Industries (HHI), South Korea’s top shipyard, have approved a restructuring plan whereby the conglomerate will be…
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Asia
Hanjin slides to 100th spot in Alphaliner’s rankings
Once the seventh largest containerline in the world, South Korea’s Hanjin Shipping now stands in 100th position on Alphaliner’s list…
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Asia
Hyundai Heavy staff in three-day strike
15,000 workers at the world’s largest shipbuilder downed tools yesterday for what will be a three-day strike in protest at…
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Asia
SPP to hand over final ship tomorrow and face liquidation
Tomorrow SPP Shipbuilding will deliver its final vessel and then face liquidation. Once the world’s foremost chemical carrier manufacturer, the…
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Europe
Enesel leads the Greek charge for cheap Korean VLCC newbuilds
Greek shipowners are hurrying to South Korea to take advantage of incredibly low prices for VLCC newbuildings. Enesel is leading…
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Europe
Hanjin-linked vessel sales continue apace
JP Morgan has bought Hanjin capesize that had earlier been linked to Greece’s Chartworld. Creditor KEB Hana Bank was believed…
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Asia
Bondholders brace for $1bn losses from Hanjin’s collapse
Plenty of companies and individuals are set to suffer large losses from their investments in South Korea’s Hanjin Shipping, a…
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Asia
SM Line to start sailing on March 8
While Friday, February 17 marked the end of one household name in Korean container shipping, March 8 is set to…
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Asia
Downturn brings shipping closer to the general public
A picture paints a thousand words so the saying goes. I was indebted earlier this week to lawyer Lars-Erik Østerbø who…
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Asia
Hanjin Shipping finally declared bankrupt
Hanjin Shipping was declared bankrupt today at a court in Seoul, bringing final closure to one of the most high…
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Asia
Obituary: Hanjin Shipping
Hanjin Shipping, a global container carrier of note, was born in 1977 and passed away on 17 February 2017, a…
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Asia
Solvang orders ethylene carriers
Solvang and partners have today signed a letter of intent with South Korea’s Hyundai Mipo Dockyard for the construction of…
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Asia
HMM secures more Hanjin terminals
A day before Hanjin Shipping is expected to be declared bankrupt by a court in Seoul compatriot Hyundai Merchant Marine…
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Asia
Samsung C&T orders four deck carriers at Hubei Offshore Engineering
South Korea’s Samsung C&T has signed shipbuilding contracts with Hubei Offshore Engineering Equipment, a unit of Wuchang Shipbuilding Industry, for…
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