South Korea
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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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Ports and Logistics
DP World to build logistics centre in Busan
Terminal operator DP World has announced a $50m investment to develop a new logistics centre in Busan New Port, strengthening…
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Tankers
Latsco contracts four LR2s in South Korea
Greece’s Latsco Shipping has booked four LR2 tankers at Hyundai Mipo Dockyard in South Korea. Industry sources have identified the…
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Containers
Yang Ming, HMM and ONE urged to collaborate with MSC
Business consultants at AlixPartners have suggested the remaining members of THE Alliance should attempt to form a vessel sharing agreement…
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Shipyards
New Korean engine brand unveiled
Hanwha Ocean, the Korean yard formerly known as Daewoo Shipbuilding & Marine Engineering, has unveiled a new subsidiary, Hanwha Engine,…
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Tankers
TEN books shuttle tanker newbuild in South Korea
Greek owner Tsakos Energy Navigation (TEN) has returned to Samsung Heavy Industries for more shuttle tankers. Shipbuilding sources have listed…
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Asia
Hanwha Ocean wins Qatari LNG carrier orders
Qatar Energy’s fleet expansion scheme proceeds apace with a contract signed this week for 12 LNG carriers with Hanwha Ocean,…
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Gas
MOL seals charter for Korean LNG newbuild
Mitsui OSK Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker (TLT),…
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Tankers
DHT orders four VLCC newbuilds from South Korea
New York-listed tanker giant DHT Holdings has entered into agreements to build four very large crude carriers (VLCCs) in South Korea with…
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Renewables
Esvagt forges Korean offshore wind partnership with KMC Line
Danish offshore shipping player Esvagt is entering the Korean offshore wind market through a tie-up with domestic shipping company, KMC…
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Gas
Pertamina back at Hyundai Mipo for LPG carriers
Indonesia’s Pertamina International Shipping (PIS) has gone to Hyundai Mipo Dockyard in Ulsan for a pair of 23,000 cu m…
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Gas
Chevron upgrades pair of LNG carriers
Chevron has gone to South Korea to upgrade a pair of LNG carriers. HD Hyundai Marine Solution has been chosen…
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Renewables
Shell and Simply Blue exit floating wind projects
Energy major Shell and Irish offshore renewables developer Simply Blue have opted to exit floating wind joint ventures to better…
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Asia
Evalend pens orders for ammonia carriers in South Korea
Greek broker Intermodal has identified Greek owner Evalend Shipping as the company behind an order for a pair of ammonia…
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Operations
Crew evacuated from sinking general cargo ship off South Korea
A crew of 11 seafarers were evacuated from a Korean general cargo vessel taking on water in rough weather near…
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Containers
CMA CGM unveils new-look boxship
From yards in Asia, new look containerships are emerging from drydocks as the sector ushers in a greener era, spending…
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Renewables
Aker Solutions, Principle Power score work on Korean 1GW floating wind project
Copenhagen Infrastructure Partners (CIP) has awarded a front-end engineering and design (FEED) contract to Aker Solutions and Principle Power for…
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Gas
Top names in shipbuilding, energy and shipowning join forces to develop liquefied hydrogen carriers
The nascent seaborne liquefied hydrogen trades have received a big boost with Japan’s largest shipowner teaming with South Korea’s largest…
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Tankers
ExxonMobil lines up shuttle tanker newbuilds
US supermajor ExxonMobil has reserved up to four slots for shuttle tanker newbuilds in South Korea. Shipbuilding sources report Samsung…
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Dry Cargo
Polaris Shipping CEO jailed as takeover stalls and fleet culled
Polaris Shipping, one of South Korea’s largest shipowners, is enduring turbulent times, its CEO sentenced, a proposed takeover on the…
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