South Korea
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Operations
Hyundai Glovis hit with $3m fine over Golden Ray capsizing
Environmental regulators from the American state of Georgia have decided to fine Korean shipowner Hyundai Glovis $3m over the 2019…
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Containers
CMA CGM in for ten 2,000 teu ships at KSOE
French containerline CMA CGM has added to its orderbook, contracting Korea Shipbuilding & Offshore Engineering (KSOE) for ten liquefied natural…
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Renewables
Equinor eyes 3 GW of floating wind in South Korea
Norway’s Equinor has partnered with Korean East-West Power (EWP) on 3 GW of offshore wind projects in South Korea. Equinor…
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Offshore
Turkey picks up deserted drillship at DSME
State-owned Turkish Petroleum (TPAO) has reportedly agreed with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) to purchase the…
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Gas
Celsius signs for two more LNG newbuildings at Samsung Heavy
Celsius Tankers, a unit of Danish owner Celsius Shipping, has ordered two additional 180,000 cu m LNG carriers at Samsung…
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Gas
Maria Angelicoussis upholds strong DSME ties with gas carrier orders
The Angelicoussis family is among Daewoo Shipbuilding & Marine Engineering’s very best clients. With Maria Angelicoussis taking the helm this…
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Containers
SM Line puts IPO on hold
SM Line has put its initial public offering on hold, citing lack of demand from institutional investors. The Korean carrier,…
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Containers
Namsung Shipping orders 2,500 teu pair at Hyundai Mipo
South Korea’s Namsung Shipping has booked two containership newbuildings at domestic Hyundai Mipo Dockyard for an estimated price tag of…
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Tankers
AMPTC returns to Hyundai Heavy for dual-fuel LR2 quartet
Arab Maritime Petroleum Transport Company (AMPTC) has returned to its shipbuilder of choice, Hyundai Heavy Industries (HHI), with an order…
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Gas
Exmar moves to develop new type of CO2 carrier
Belgium’s Exmar has teamed up with South Korea’s Lattice Technology to develop a new type of CO2 carrier, which will…
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Gas
Samsung Heavy develops 160,000 cu m liquefied hydrogen carrier
Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a…
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Shipyards
Samsung Heavy celebrates massive $1.7bn order with delivery dates pushed back to 2027
The busy docks at Samsung Heavy Industries have just got a sizeable extra chunk of business with delivery dates an…
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Offshore
Fredriksen terminates another drillship deal with DSME
John Fredriksen’s Northern Drilling has cancelled another resale contract with Daewoo Shipbuilding & Marine Engineering (DSME), this time for the…
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Gas
Iino Kaiun orders ammonia carrier at Hyundai Mipo for Mitsui charter
Japanese shipping line Iino Kaiun Kaisha has sealed a time charter deal with compatriot trading house Mitsui & Co for…
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Shipyards
Third-generation Chung takes the helm at Hyundai Heavy
There’s a third generation of the Chung family at the helm of Hyundai Heavy Industries, South Korea’s largest shipbuilder. Chung…
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Containers
Daehan Shipbuilding enters boxship segment with Pan Ocean order
South Korea’s Daehan Shipbuilding has sealed a deal with compatriot owner Pan Ocean for up to four 1,000 teu vessels,…
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Tankers
Daehan secures order for up to six LNG-fuelled tankers from TEN
South Korea’s Daehan Shipbuilding has won a contract from Greek owner Tsakos Energy Navigation (TEN) for the construction of four…
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Renewables
LS Cable awarded Taiwanese offshore wind contract
South Korea-based LS Cable & System has been selected by CDWE, a joint venture of CSBC and DEME Offshore, to…
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Shipyards
Hanjin Heavy, South Korea’s oldest shipyard, wins first commercial ship orders in six years
Hanjin Heavy Industries & Construction is back in business, doing what it knows best. South Korea’s oldest shipyard, which has…
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Dry Cargo
South Korea follows China in ditching plans to finance overseas thermal coal-fired power plants
South Korea has followed China’s lead in announcing it will no longer finance the construction of new thermal coal-fired power…
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