South Korea
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Regulatory
Master and first officer of Korean bulker fined for sailing through Great Barrier Reef
A master and the first officer of SW Shipping’s capesize bulk carrier have been fined for exiting a designated shipping…
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Offshore
BW Energy buys Petrobras deepwater assets for up to $75m
Norway’s BW Energy has reached an agreement with Petrobras to acquire the Golfinho and Camarupim deepwater oil fields for up…
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Containers
Yang Ming and HMM hit by collusion charges in the US
At the end of May America’s official maritime regulator concluded there was no sign of collusion or price gauging by…
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Shipyards
Samsung Heavy rakes in orders for 14 LNG carriers worth $3bn
South Korea’s Samsung Heavy Industries has landed orders for the construction of 14 liquefied natural gas (LNG) carriers worth around…
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Containers
HMM takeover speculation resurfaces as SM Line ups stake
SM Line has spent $646m bolstering its stake in fellow Korean liner HMM, sparking further conjecture of a takeover. HMM,…
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Dry Cargo
JP Morgan picks up cape from H Line Shipping
US investment firm JP Morgan has added another bulker to its fleet according to brokers, snapping up the 2016-built capesize…
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Ports and Logistics
Trucking strike in South Korea costing billions of dollars
There’s no end in sight for the South Korean truckers strike, which has now stretched into its eighth day, costing…
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Containers
HMM unveils digital booking platform Hi Quote
HMM from South Korea is the latest liner to unveil a digital container booking platform. Hi Quote, short for HMM…
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Ports and Logistics
Korean trucker strike escalates, port throughput numbers slide
An escalating strike by truckers belonging to the Cargo Truckers Solidarity union in South Korea is having a very significant…
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Gas
GasLog to outfit LNG carrier newbuilds with carbon capture tech
Greek liquefied natural gas (LNG) shipping player GasLog has teamed up with South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME)…
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Gas
Maran Gas in for more DSME LNG carriers
Maria Angelicoussis-led Maran Gas, a gas shipping unit of Greece’s Angelicoussis Shipping Group, has placed a new order at South…
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Ports and Logistics
South Korean ports impacted as thousands of truckers go on strike
Unionised truck drivers in South Korea have gone on strike at some ports and container depots amidst soaring fuel prices…
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Gas
Hyundai Glovis to develop world’s largest CO2 carrier
Shipyard Hyundai Heavy Industries is working with compatriot owner Hyundai Glovis to develop the world’s largest carbon dioxide carrier. Class…
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Tech
Samsung Heavy presses ahead on its autonomous journey
Lloyd’s Register (LR) and Samsung Heavy Industries (SHI) signed a memorandum of understanding (MOU) at Posidonia on Tuesday to develop…
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Gas
QatarEnergy advances LNG carrier newbuilding project at South Korean yards
QatarEnergy, the world’s top liquefied natural gas (LNG) supplier, is pressing ahead with its North Field expansion project with new…
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Operations
South Korea marks landmark autonomous transoceanic voyage with LNG carrier
Hyundai Heavy Industries’s maritime autonomous pioneer Avikus has carried out what it claims is the world’s first transoceanic voyage of…
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Maritime CEO
Korean Register: Towards a new breed of ships
Hyung-chul Lee, in charge of class society Korean Register since December 2019, is gearing up for a busy Posidonia next…
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Shipyards
Yards brace for Sovcomflot order cancellations
As well as selling a chunk of its existing fleet, Russia’s Sovcomflot is starting to jettison some of its orderbook…
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Containers
Euroseas in for two more eco feeder boxships at Hyundai Mipo
Greek boxship owner Euroseas has exercised its option at South Korea’s Hyundai Mipo Dockyard for the construction of two additional…
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Containers
Seaspan orders eight LNG-fuelled boxships in South Korea
Seaspan Corporation has placed an order at South Korea’s K Shipbuilding for eight 8,000 teu newbuild containerships powered by liquified…
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