South Korea
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Tankers
Tsakos concludes suezmax order switch in South Korea
Brokers report that Greek owner Tsakos has successfully negotiated the conversion of two 2,782 teu container vessels in South Korea…
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Renewables
Marco Polo Marine forges South Korean offshore wind pact with Namsung Shipping and HA-Energy
Marco Polo Marine has joinded forces with Namsung Shipping and HA-Energy to pursue offshore wind vessel operations in South Korea.…
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Europe
Tsakos negotiates contract switch from boxships to tankers with Korean yard
Illustrative of where pundits think the markets will go in 2023, Alphaliner is reporting Greece’s Tsakos Shipping and Trading is…
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Tech
ABS and HD Hyundai seek to further advance autonomous vessel tech
US class society ABS and South Korea’s HD Hyundai, formerly known as Hyundai Heavy Industries, have penned a comprehensive memorandum…
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Gas
JGC confirms Petronas FLNG deal
Japanese engineering firm JGC as the leader of a consortium with South Korea’s Samsung Heavy Industries (SHI), has confirmed the…
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Shipyards
Samsung Heavy presses ahead with floating nuclear power plants
South Korean shipbuilder Samsung Heavy Industries has developed a conceptual design for a floating nuclear power plant based on compact…
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Shipyards
Korean yards bring in foreign talent
Seoul has eased visa requirements for foreign shipyard workers as the nation embarks on a very busy couple of years…
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Shipyards
Hanwha seals DSME takeover
The Korea Development Bank (KDB) has announced that Hanwha Group officially acquired Daewoo Shipbuilding & Marine Engineering (DSME) in a…
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Containers
HMM readies methanol-fuelled newbuilds
2022 is rapidly shaping up as the year methanol went global in the shipping industry. South Korea’s flagship carrier HMM…
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Ports and Logistics
South Korean trucker strike comes to an end
The majority of striking South Korean truckers returned to work today after a damaging 16-day walkout came to an end.…
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Renewables
DEME consortium completes Norfolk double
Belgium-based DEME Offshore and its South Korean consortium partner LS Cable & System have secured an export cable contract for…
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Asia
Pan Ocean invests in Korea’s top airline
Another shipping line is showing an interest in airlines. South Korea’s Pan Ocean has bought a 5% stake in Hanjin…
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Gas
Hyundai Heavy to develop ammonia FSRU
Hyundai Heavy Industries has begun to develop a floating storage re-gasification unit (FSRU) for ammonia in cooperation with Korea National…
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Offshore
Saipem exercises purchase option on Samsung drillship
Italy’s Saipem has exercised its purchase option on drillship currently on charter from Samsung Heavy Industries. The Milan-headquartered firm is…
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Shipyards
Hyundai Heavy creates chief artificial intelligence officer position
Hyundai Heavy Industries has created the position of chief artificial intelligence officer (CAIO) in another marker about how South Korea’s…
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Shipyards
Strikes proliferate across Korean yards
Unionised workers at the three yards of Hyundai Heavy Industries Group – Hyundai Heavy Industries, Hyundai Samho Heavy Industries and…
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Gas
Celsius adds to Samsung Heavy LNG carrier orderbook
Celsius Tankers, a unit of Danish owner Celsius Shipping, has ordered an additional 180,000 cu m LNG carrier at Samsung…
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Asia
Seoul issues jail threat in bid to end trucker strike
South Korea’s government issued an order Tuesday for some of the thousands of truck drivers who have been on strike…
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Gas
DSME cancels last of three Sovcomflot LNG carriers
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has cancelled a third and final order for a specialised icebreaking LNG…
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Operations
South Korea’s striking truckers face back-to-work order if talks fail
South Korea’s government failed to reach a deal with thousands of unionised truckers in the first round of talks on…
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