May 13th, 20200Greek owner CM Lemos has placed an order through his affiliate Nereus Shipping at Hyundai Heavy Industries for the construction of up to four 158,000 dwt suezmax tankers. The contract is made up of firm order for two vessels and options for another two. The vessels will be built at Hyundai Samho with delivery scheduled in 2022. The...
May 12th, 20200Greek owner Neda Maritime, controlled by the Lykiardopoulos family, has placed an order at South Korean yard Daehan Shipbuilding for the construction of two LR2 tankers. Allied Shipbroking reported that the two 114,000 dwt vessels are scheduled for delivery in 2021. The price of the deal was not disclosed. VesselsValue shows the price...
May 8th, 20200From the start of September, South Korea will demand vessels berthing and anchoring at its major ports such as Incheon, Yeosu, Busan and Ulsan, to burn bunker fuel with a sulphur content no higher than 0.1%. This will eventually be expanded in 2022 as South Korea will become an emission control area which will require all vessels...
April 28th, 20200South Korean owner Sinokor Merchant Marine has sold its 1992-built VLOC for demolition. Shipbroking sources said the 268,000 dwt Mitsubishi-built vintage unit has fetched a price of $310 per ldt, including 2,700 tons of bunker fuel onboard. VesselsValue data shows the vessel will be delivered to Bangladesh and the buyer will...
April 23rd, 20200The South Korean government will provide KRW1.25trn ($1.01bn) in emergency funding to the shipping industry, with $382m earmarked for flagship carrier HMM, the Ministry of Oceans and Fisheries announced today. HMM is about to take delivery of a series of record-breaking ships. The is the first of 12 ships that will become the largest...
April 23rd, 20200The president of South Korea, Moon Jae-in, was on hand today at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering for the naming of the largest containership in the world. The country’s first lady, Kim Jung-sook, served as godmother, cutting the ropes to officially name the 23,964 teu , the first in a series of 12...
April 22nd, 20200South Korean owner KSS Line has placed an order at domestic yard Hyundai Mipo for the construction of a 50,000 dwt methanol-powered MR tanker. The order marks KSS Line's entry into the MR tanker market, and when delivered will be the largest tanker in the company's fleet. The vessel will be chartered to Waterfront Shipping, the...
April 8th, 20200Officials at Busan New Port say that its seventh berth will be out of action for months as cleanup operations get underway to remove shattered crane debris following Monday’s dramatic boxship accident. Captured on video, and seen by more than 300,000 people on Splash’s YouTube channel already, the Japanese controlled 13,900 teu...
April 7th, 202012Yet another gantry crane has been pulverised by a poorly berthed mega boxship. The Japanese controlled 13,900 teu , part of the Ocean Network Express (ONE) fleet, smashed into the quayside at Busan New Port on Monday, bringing down a crane onto the back end of the boxship in the process. Dramatic footage sent to Splash shows the...
April 3rd, 20202The European Commission has suspended screening of the merger between major South Korean shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME). The EU has notified that companies were encouraged to delay merger notifications originally planned until further notice due to the complexities...
