South Korea
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Asia
HMM’s 5% global box market share target ‘unrealistic’
Growth plans unveiled recently by top management at South Korea’s Hyundai Merchant Marine (HMM) have been slammed as “unrealistic” and…
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Americas
Hanjin Shipping tells bankruptcy court its US assets are far less than its liabilities
Failed South Korean giant Hanjin Shipping told a New Jersey bankruptcy court on Tuesday that its liabilities in the US…
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Asia
STX’s Goseong Offshore & Shipbuilding auction fails
South Korea’s Goseong Offshore & Shipbuilding, a subsidiary yard of bankrupt STX Offshore & Shipbuilding, has failed to attract bidders…
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Asia
DSME pockets $58m from sale of ship design firm
Daewoo Shipbuilding & Marine Engineering (DSME), a major Korean yard that is going through restructuring, announced on Friday that is…
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Asia
Korean Register appoints new chairman
The Korean Register of Shipping (KR) has appointed Lee Jung-Gee, former executive vice president, as its new chairman. Lee has…
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Asia
Hanjin Shipping sells Long Beach terminal stake to MSC
Bankrupt Hanjin Shipping has signed a deal with MSC to sell its 54% stake in Total Terminals International, an operator…
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Asia
Seoul ditches debt ratio stipulation to access shipbuilding fund
Korean shipowners will only need to show a charter contract of five years or more to get state-run banks to…
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Asia
HMM boss outlines 2017 newbuild orders
At a quarterly briefing in Seoul yesterday Yoo Chang-Geun, president of Hyundai Merchant Marine (HMM), outlined plans to order up…
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Asia
Polaris Shipping enters tanker trades
Polaris Shipping of South Korea, fresh from sealing a deal to buy four capesizes from Brazilian miner Vale, has now…
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Europe
Maran Gas Maritime orders FSRU at DSME
Maran Gas Maritime, a unit of Greek owner Angelicoussis Shipping Group, has signed a shipbuilding contract with financially troubled South…
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Asia
BC groups club together to provide some Xmas cheer for stranded Hanjin crew
Various bodies have clubbed together in British Columbia to try and make Christmas more bearable for 13 crewmembers stranded on…
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Asia
Koreans rally to help yards
Korea, Inc has rallied to club together to save the nation’s hard-pressed maritime sector. At a government convened meeting yesterday…
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Asia
HMM eyes new ships
South Korea’s Hyundai Merchant Marine (HMM) has set up a team to start assessing where to place new ship orders…
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Asia
Korea Line reveals transpac routes
Korea Line Corporation (KLC), which became a surprise new entrant on the transpacific box trades last month, has revealed details…
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Asia
HMM paying ‘heavy price’ for 2M deal
Hyundai Merchant Marine (HMM) will pay a “heavy price” for access to the 2M services offered by Maersk and MSC,…
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Americas
Seaspan commits panamax volte-face
Having earlier this year hit the headlines for sending youthful panamax boxships for scrap, Gerry Wang’s Seaspan has changed tack,…
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Asia
KMTC takes Hanjin quartet
Creditors are having some success at selling off Hanjin Shipping ships – even unfavoured panamax boxships have found buyers. South…
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Asia
Hanjin liquidation one step closer
Samil PricewaterhouseCoopers (PwC) is recommending Hanjin Shipping be liquidated, likely marking the end of what was once South Korea’s largest…
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Asia
HMM boss puts brave face on 2M decision
Putting a brave face on the disappointment of not getting full membership to a key container alliance, the head of…
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Asia
HMM jilted at the altar by Maersk and MSC
Not for the first time the world’s two largest containerlines have jilted a box peer at the alter. MSC and…
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