South Korea
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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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Asia
Trucking strike in South Korea hits major industries
A mass strike by South Korean truck drivers has disrupted logistics across the world’s 10th-largest economy, crippling cement, steel and…
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Operations
Korean tanker hit by pirates for second time this year
Two South Koreans and 17 Indonesian sailors kidnapped on international waters in West Africa have been released unharmed. The 4,000…
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Gas
Seapeak splashes $1.1bn on five LNG carrier newbuilds in South Korea
Seapeak has booked five liquefied natural gas (LNG) carriers for construction at South Korea’s Samsung Heavy Industries (SHI). Stonepeak’s gas…
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Offshore
Transocean venture picks up abandoned drillship at DSME
Swiss-based offshore drilling giant Transocean has formed a joint venture with Frederik W. Mohn’s investment vehicle Perestroika and funds managed…
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Operations
Hyundai Glovis inks $790m vehicle shipping deal
South Korea’s Hyundai Glovis has won a two-year vehicle shipping contract worth KRW1.05trn ($789.5m). The deal will see the logistics…
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Gas
Samsung and KSS Line to develop hydrogen and ammonia seaborne trades together
Samsung C&T Corp, the construction and trading arm of South Korea’s Samsung Group, is teaming with compatriot shipping firm KSS…
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Shipyards
Samsung Heavy debuts a liquefied hydrogen fuel cell system
Samsung Heavy Industries has debuted a liquefied hydrogen fuel cell system. The South Korean shipbuilding major has received an approval…
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Containers
Hyundai Heavy’s new hatchless design rekindles memories of Nedlloyd’s ships from the 1990s
News that South Korea’s Hyundai Heavy Industries (HHI) has developed a boxship design which requires no lashings or hatch covers…
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Gas
Maran Gas pays $253m for prized LNG slot at DSME
Maria Angelicoussis-led Maran Gas Maritime is paying top dollar for a prized LNG slot at its favoured yard. The Greek…
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Shipyards
South Korean shipbuilders hit by welder crisis as over 1,000 Vietnamese workers denied entry
More than 1,000 Vietnamese workers have been denied entry to South Korea over forged documents, leaving shipbuilders short of labor…
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Containers
Hyundai Heavy unveils boxship design with no lashings
South Korea’s Hyundai Heavy Industries (HHI) has developed a containership design which requires no lashings. HHI removed the lashing bridge…
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Containers
Another container index launches
Container shipping has another index it can consult. The Korea Ocean Business Corporation (KOBC) Container Composite Index (KCCI) has been…
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Tankers
HMM adds two more VLCCs
South Korea’s HMM is spending some of its box riches bolstering its VLCC arm. Brokers report HMM has bought two…
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Shipyards
DSME unveils its own gas fuel tank
The Koreans have developed their own LNG fuel containment system with a units installed on a giant boxship and two…
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Asia
Namsung Shipping branches out into offshore wind, eyes liquefied hydrogen
South Korea’s oldest private shipping line is branching out from its container base. Namsung Shipping, best know as an intra-Asia…
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Shipyards
Hyundai Heavy’s Gunsan yard reopens
A ceremony to partially reopen Hyundai Heavy Industries’ shipyard in Gunsan, 179 km southwest of Seoul, took place today, with…
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Renewables
DEME teams with LS Cable on Norfolk Boreas wind farm contract
Belgium-based DEME Offshore has secured export cable contract for Vattenfall’s Norfolk Boreas wind farm in a consortium with South Korea’s…
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