South Korea
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Shipyards
Daehan and K Shipbuilding to join forces
The redrawn Korean shipbuilding map is set for more changes with two mid-sized names joining forces. After a local steel…
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Containers
Lines hit with collusion charges in South Korea
In a landmark ruling that will be watched carefully by other jurisdictions around the world, South Korean authorities today slapped…
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Containers
MPC secures prized 2023 box delivery slots
Hamburg-based MPC Capital has found a rare yard in South Korea able to offer boxship slots in just over a…
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Shipyards
EU blocks Korean shipbuilding mega-merger
The European Commission has ruled against a merger between South Korean shipbuilding giants Daewoo Shipbuilding & Marine Engineering (DSME) and…
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Offshore
DSME lands $554m Chevron contract in Australia
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has secured a contract worth KRW656.1bn ($554m) from Chevron to build a…
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Containers
Maersk firms up methanol-fuelled quartet at Hyundai Heavy
A.P. Moller – Maersk has declared options with South Korean shipbuilder Hyundai Heavy Industries (HHI) to build four additional 16,000…
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Gas
Maran Gas Maritime declares option on LNG carriers at DSME
Maria Angelicoussis-led Maran Gas Maritime, a gas shipping unit of Greece’s Angelicoussis Shipping Group, has exercised an option to build…
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Shipyards
Hyundai Heavy pitches itself as a tech leader at CES in Las Vegas
With shipping shows cancelling en masse because of Covid-19, South Korea’s Hyundai Heavy Industries (HHI) has taken a different marketing…
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Operations
Suspect bunkers put SM Line boxship out of action for up to a month
South Korean containership the 6,622 teu is at dock in Victoria, British Columbia for emergency repairs that are expected to…
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Asia
SM Line buys into HMM
With the government revealing it is keen to offload its stake in flagship carrier HMM, a smaller Korean boxline has…
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Renewables
G8 and Holim Tech team up for 1.5 GW South Korean offshore wind
Singapore-based renewable energy developer G8 and South Korea’s Holim Tech have joined forces to develop a 1.5 GW offshore wind…
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Containers
South Korean bulker owner set to enter liner trades
South Korean bulk carrier owner SW Shipping will enter the liner trades next year, connecting Donghae with Vietnam’s Ho Chi…
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Tech
Daewoo E&C and Monobase Wind collaborate on wind floater tech
South Korea’s Daewoo Engineering & Construction has signed a joint technology development agreement for the MSPAR floater with Dutch-based Monobase…
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Dry Cargo
H-Line pays firm $22m for Japanese cape
The first cape sale in December has been sealed with brokers reporting a further swathe of tonnage will likely change…
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Containers
OM Maritime lines up newbuildings at Hyundai Heavy
Fast-growing OM Maritime is looking to further expand with an order for the largest containerships in its fleet to date.…
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Offshore
Stena Drilling emerges behind Samsung drillship buy
Stena Drilling, a subsidiary of Sweden’s Stena, has emerged as the European owner behind last week’s stock market announcement from…
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Renewables
Eneti doubles wind turbine installation vessel order at DSME
Monaco-based offshore wind construction player Eneti has added another wind turbine installation vessel (WTIV) to its orderbook at South Korean…
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Offshore
Samsung Heavy sells cancelled drillship for $245m
South Korea’s Samsung Heavy Industries has sold one of its stranded drillships that were originally ordered by Ocean Rig to…
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Gas
GasLog in for LNG carrier quartet at DSME
Greek liquefied natural gas (LNG) shipping player GasLog has placed an order with South Korean shipbuilder Daewoo Shipbuilding & Marine…
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Renewables
RWE eyes 1.5 GW of floating wind in South Korea
German energy firm RWE and the Ulsan Metropolitan City will work together to develop floating offshore wind projects off the…
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