South Korea
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Gas
Samsung Heavy and Kongsberg Maritime move to develop autonomous LNG ships
South Korean shipbuilder Samsung Heavy Industries (SHI) and Norwegian marine technology firm Kongsberg Maritime have penned an agreement to jointly…
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Renewables
SK oceanplant and Corio forge offshore wind pact
South Korea’s SK oceanplant, the offshore wind power business arm of construction engineering company SK ecoplant, has signed a memorandum…
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Gas
Maran Gas back at DMSE with $520m deal for two LNG newbuilds
Maria Angelicoussis-led Maran Gas Maritime has signed up for two LNG carrier newbuilds at South Korea’s Daewoo Shipbuilding & Marine…
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Asia
Korean shipowning universe in for a shake-up as private equity looks for an exit
The Korean shipowning universe is in for a shake-up with private equity keen to cash out of the sector. Hahn…
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Ports and Logistics
Busan to install high-bay container storage system
DP World has announced the first commercial use of its BOXBAY high-bay storage system at its terminal in Busan, South…
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Offshore
Shearwater returns to South Korea for new contract with KNOC
Norwegian offshore seismic specialist and vessel player Shearwater GeoServices is back in South Korea with a new contract from Korea…
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Tankers
Al Seer Marine ups MR order tally at K Shipbuilding
Al Seer Marine, part of Abu Dhabi’s International Holding Company (IHC), has booked two additional MR tankers for construction at…
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Containers
Privatisation process gets underway at HMM
State-run Korea Development Bank and Korea Ocean Business Corp are now proceeding with the privatisation of HMM, South Korea’s flagship…
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Gas
Latsco books VLGC pair in South Korea
Latsis company Latsco has booked an additional pair of very large gas carriers at Hyundai Heavy Industries’ shipyard in Ulsan…
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Shipyards
DSME’s parent buys engine maker
South Korea’s Hanwha Group is acquiring local ship engine maker HSD Engine following the conglomerate’s takeover late last year of…
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Renewables
BP makes South Korean offshore wind moves
UK oil supermajor BP has struck a deal to buy a 55% stake in Norway-based Deep Wind Offshore’s early-stage portfolio…
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Containers
Hyundai Heavy tipped to have won Yang Ming boxship series
Yang Ming is being tipped by Alphaliner as putting pen to paper for a series of 15,000 teu ships in…
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Offshore
Østensjø Rederi to manage and operate Fredriksen’s flotel
Norway’s Østensjø Rederi has been selected to manage and operate the vessel its floatel unit Edda Accommodation called off at…
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Containers
HMM orders nine methanol-fuelled boxships
South Korean flagship carrier HMM is the latest container line to move for methanol-fuelled tonnage, announcing today orders for nine…
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Asia
Top Korean shipping lines back nuclear power
A host of Korean shipping lines including HMM, Sinokor and H-Line Shipping along with the nation’s class society are pressing…
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Renewables
Siemens Gamesa and Doosan Enerbility join forces
Siemens Gamesa and Doosan Enerbility, formerly Doosan Heavy Industries have signed a binding framework agreement for a strategic partnership for…
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Finance and Insurance
Fredriksen’s Northern Drilling raises $10m for DSME arbitration
John Fredriksen’s rig investment company, Northern Drilling, has raised $10m through a private share offering to cover costs for the…
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Shipyards
Hyundai Samho wins $2.05bn order for 12 methanol-fuelled boxships
February is starting in the shipbuilding world in the same fashion as many months prior – with an avalanche of…
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Tankers
Restis family in for DH Shipbuilding suezmaxes
Greece’s Golden Energy Management has booked up to two suezmax tankers at the South Korean yard DH Shipbuilding. Multiple brokers…
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Operations
Up to 9 feared dead as ship sinks off South Korea
Up to nine crew are feared dead after the Hong Kong-flagged 6,551 dwt general cargo ship sank in icy, windy…
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