South Korea
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Tech
HMM to deploy AI onboard to boost safety
HMM, South Korea’s flagship line, is installing Deep Eyes, an artificial intelligence video analysis solution on one of its biggest…
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Renewables
Maersk sets sights on offshore wind logistics in South Korea
Danish shipping and logistics group Maersk has partnered up with compatriot wind turbine maker Vestas to set up a nacelle…
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Asia
Seoul studies nuclear potential for ships
The state-run Korea Research Institute of Ships and Ocean Engineering (KRISO) is studying developing core technologies for small modular reactor…
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Renewables
HD Hyundai backs Scottish offshore wind sector
South Korea’s HD Hyundai Heavy Industries has signed a memorandum of understanding (MOU) with Scottish Enterprise (SE) and Highlands and…
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Asia
HMM lays out plans to double fleet size by 2030
HMM, South Korea’s flagship carrier, laid out mid-term expansion plans yesterday which will see its container fleet nearly double in…
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Gas
Korean LCO2 storage tanks unveiled
A South Korean manufacturer has unveiled how the world’s largest liquefied carbon dioxide (LCO2) storage tanks will look like. Sejin…
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Operations
CY Shipping and BigLift Shipping order two ships in China
Partners CY Shipping and BigLift Shipping have increased their fleet of heavylift vessels to six vessels, by adding two ships…
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Tankers
Pan Ocean behind pricey tanker order at Hyundai Mipo
Pan Ocean has been named as the owner of high-priced product tanker newbuilds at a competitor yard in South Korea.…
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Gas
HD Hyundai unveils novel gas containment material
HD Hyundai is developing a plastic rival gas containment system to today’s dominant supplier, Gaztransport & Technigaz (GTT). South Korea’s…
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Ports and Logistics
HMM inks deal to bunker methanol and LNG at Shanghai Port
South Korea’s flagship carrier HMM has signed a memorandum of understanding (MoU) with Shanghai International Port Group (SIPG) to cooperate…
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Offshore
Hanwha Ocean taps SBM veteran to head up its offshore business
Hanwha Ocean has appointed Philippe Levy, the former president of SBM Offshore Americas, as president of its offshore business. The…
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Shipyards
Austal knocks back takeover bid from Hanwha Ocean
Top management at Australian shipbuilding group Austal has rejected a $662m bid from South Korea’s Hanwha Ocean, citing regulatory worries. …
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Offshore
Northern Drilling refused permission to appeal Hanwha ruling in cancelled drillships case
John Fredriksen-backed rig investment company, Northern Drilling, has been denied the right to appeal an arbitration decision that favoured Daewoo…
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Shipyards
Korea’s top shipbuilder teams with Germany’s largest semiconductor manufacturer
HD Korea Shipbuilding & Offshore Engineering (KSOE), which oversees South Korean shipbuilding giant Hyundai, is looking at every form of…
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Tankers
Sinokor takes Euronav VLCCs
South Korea’s Sinokor Merchant Marine is staying active in the secondhand market with another play in the VLCC sector. The…
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Tech
Pan Ocean VLOC slashes fuel bill via use of autonomous navigation
Avikus, the autonomous navigation in-house start-up developed by South Korea’s largest shipbuilder, HD Hyundai, unveiled results from further recent trials,…
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Dry Cargo
Sinokor takes huge profit from newcastlemax sales
Sinokor Merchant Marine of South Korea has sold three newcastlemaxes to compatriot Pan Ocean. Sinokor has pocketed $213m from the…
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Renewables
Marco Polo Marine lands CTV deal with Siemens Gamesa
Singapore offshore vessel owner and operator Marco Polo Marine has, through its Taiwanese business PKR Offshore (PKRO), struck a deal…
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Dry Cargo
Sinokor pockets $3m from swift cape play
In a rare asset play for Sinokor Merchant Marine, the Korean company has pocketed a swift $3m from a cape…
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Shipyards
3,000 Thais drafted to help churn out South Korea’s bumper ship backlog
South Korea’s bumper orderbook, tricky production schedule and difficult domestic demographics have been partially resolved with an agreement hatched with…
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