South Korea
- Shipyards
DSME diversifies into offshore substations
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has entered into an agreement with compatriot power plant builder Kepco…
Read More » - Dry Cargo
Polaris completes clear-out of controversial converted ore carrier fleet
Polaris Shipping has completed its clear-out of its controversial vintage converted ore carriers. Cash buyer Best Oasis reports that the…
Read More » - Gas
Pan Ocean confirms LNG carrier order at Samsung Heavy
South Korea owner Pan Ocean has confirmed an order at Samsung Heavy Industries for the construction of a large LNG…
Read More » - Middle East
Korean naval forces arrive as tanker shipping faces up to the threat of more Iranian seizures
Korean naval forces have arrived near the Strait of Hormuz as dialogue gets underway to free the and its 20…
Read More » - Ports and Logistics
Daewoo E&C secures $2.6bn port construction deal in Iraq
South Korea’s Daewoo Engineering & Construction has signed a deal to build the first phase of the Faw commercial port…
Read More » - Shipyards
China approves Hyundai Heavy’s merger with DSME
China’s anti-trust authority has given the greenlight to the merger between two major South Korean shipbuilders Hyundai Heavy Industries Holdings (HHI)…
Read More » - Gas
Pan Ocean orders LNG carrier
South Korean owner Pan Ocean has announced that the company is investing KRW204bn ($190m) in the construction of an LNG…
Read More » - Containers
South Korea to launch K-Alliance liner alliance
Five South Korean container shipping companies will team up on Southeast Asia services next year according to a request by…
Read More » - Environment
South Korea allocates $869m to promote green ship tech
South Korea is going to allocate around KRW960bn ($869m) to support eco-friendly ship technology development projects as part of its…
Read More » - Containers
Hapag-Lloyd confirms order for six megamax boxships at DSME
Germany’s Hapag-Lloyd has finally signed on the dotted line for six 23,500+ teu ultra large container vessels at South Korea’s…
Read More » - Shipyards
VLCC and LNG carrier orders flood in to Hyundai Heavy
Hyundai Heavy Industries is having a fine end to a tough year, hauling in a host of new orders. Hyundai…
Read More » - Offshore Wind
South Korea to build world’s largest floating wind farm off Ulsan
Korea Hydro & Nuclear Power (KHNP) has signed a memorandum of understanding (MOU) with OW Offshore, a Spanish offshore wind…
Read More » - Shipyards
SM Line launches bid to take over Hanjin Heavy
SM Line, the four-year-old Asian containerline, is one of three local bidders keen to acquire South Korea’s oldest shipbuilder, Hanjin…
Read More » - Shipyards
Samsung Heavy introduces infectious disease prevention ship design
South Korean shipyard Samsung Heavy Industries has introduced the world’s first vessel design featuring infectious disease mitigation facilities. The shipbuilder has…
Read More » - Finance and Insurance
Korea Ocean Business Corporation to enter ship leasing
The Korea Ocean Business Corporation (KOBC), a state-run entity aimed at supporting the local shipping and shipbuilding industry, is looking…
Read More » - Environment
Standards being developed for methanol-powered tankers
A coalition of Hyundai Mipo Dockyard, MAN Energy Solutions and the Methanol Institute have commenced a project that will enable…
Read More » - Tankers
ADNOC orders VLCC trio at DSME
Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW282bn ($257m) order to build three VLCCs for Abu Dhabi National…
Read More » - Ports and Logistics
Odfjell takes Lindsay Goldberg stake in Korean terminal
Norway’s Odfjell has reached an agreement with American private equity firm Lindsay Goldberg (LG) to acquire its indirect 24.5% shareholding…
Read More » - Shipyards
DSME cops $14m fine over mistreatment of subcontractors
Daewoo Shipbuilding & Marine Engineering (DSME) was been fined KRW15.3bn ($13.8m) in the latest instance of Korean yards mistreating subcontractors.…
Read More » - Tech
ABS and DSME partner up on solid oxide fuel cell development
Classification society ABS and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have signed a joint development project (JDP)…
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