South Korea
- Dry Cargo
H-Line in for five VLOC resales
Allied Shipbroking is reporting five Polaris Shipping VLOCs under construction at Hyundai Heavy Industries have been snapped up by fellow…
Read More » - Ports and Logistics
South Korea looks to lead smart port development
Having recently earmarked $132m to develop and commercialise home grown autonomous technology for ships, the South Korean government is now…
Read More » - Asia
Hyundai Glovis seals five-year transportation contract with Volkswagen
Hyundai Glovis, the auto shipping unit of South Korea’s Hyundai Motor Group, has signed a five-year KRW2bn ($432m) maritime transport…
Read More » - Shipyards
STX to slash workforce as orders dry up
Korean shipyard STX Offshore & Shipbuilding announced yesterday its intention to slash jobs through a voluntary retirement plan as its…
Read More » - Tech
Samsung Heavy goes all in on fuel cells
Bloom Energy and Samsung Heavy Industries (SHI) have signed a joint development agreement (JDA) to design and develop fuel cell-powered…
Read More » - Shipyards
Hyundai Heavy to streamline operations by 20%
With shipowners across the globe putting ordering plans on hold due to the shaky economy and cloudy regulation outlook, the…
Read More » - Asia
Seoul sets aside $132m to commercialise autonomous ship tech
Asian nations are getting their autonomous shipping research and development plans in place. Splash reported yesterday how more than 40…
Read More » - Americas
Polaris VLOC to be scuttled off Brazilian coast
The Brazilian authorities have decided to sink the 2016-built very large ore carrier (VLOC) Stellar Banner off the coast of…
Read More » - Asia
DSME bags $748m Russian LNG barge deal
Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW900bn ($748m) order to build two liquefied natural gas (LNG) barges…
Read More » - Asia
Stellar Banner refloated three months after grounding
The 300,000 dwt very large ore carrier , which had been stranded off Brazil since the end of February, has…
Read More » - Asia
EU resumes HHI-DSME merger investigation
The European Commission, the antitrust regulator of European Union, has resumed screening of the merger between major South Korean shipbuilders…
Read More » - Asia
Qatar Petroleum signs $19bn LNG carrier agreement with South Korean yards
Qatar Petroleum has announced the second batch of agreements for its massive LNG carrier newbuilding programme. The company has entered…
Read More » - Asia
Qatar’s record-breaking ship order: the big picture
The global shipbuilding paradigm has changed dramatically in the space of just 24 hours. Bluechip owners wanting their VLCCs or…
Read More » - Asia
Korea’s ExIm Bank throws another $113m to the nation’s shipyards
The Export-Import Bank of Korea has increased its funding for shipbuilders from KRW3.8trn to KRW5.2trn ($419.45m). “We have increased financing…
Read More » - Asia
Eastern Pacific orders dual-fuel LPG trio at Hyundai Mipo for Equinor charters
Idan Ofer’s Eastern Pacific Shipping (EPS) has placed orders for three medium-size dual-fuel LPG carriers at Hyundai Mipo Dockyard. The…
Read More » - Asia
Eastern Pacific orders dual-fuel LPG trio at Hyundai Mipo for Equinor charters
Idan Ofer’s Eastern Pacific Shipping (EPS) has placed orders for three medium-size dual-fuel LPG carriers at Hyundai Mipo Dockyard. The…
Read More » - Asia
Hyundai Heavy Industries appoints new shipbuilding head
South Korea shipbuilding giant Hyundai Heavy Industries (HHI) has announced a change of top management of its shipbuilding business in…
Read More » - Asia
Hana Financial Group buys into H-Line Shipping
South Korea’s Hana Financial Group is buying into H-Line Shipping, the dry bulk group formerly part of the defunct Hanjin…
Read More » - Asia
Sinokor puts another VLCC up for sale
South Korea’s Sinokor has made headlines in the VLCC segment all through the year, being the most active seller of…
Read More » - Asia
DSME wins $340m LNG-FSRU contract
South Korea’s Daewoo Shipbuilding & Marine Engineering has won a KRW411bn ($340m) deal to build a floating gas storage facility.…
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