South Korea
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Europe
Knutsen NYK Offshore Tankers orders aframax pair at DSME
Knutsen NYK Offshore Tankers (KNOT) has entered into shipbuilding contracts with South Korean shipyard DSME for the construction of two…
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Asia
South Korea allocates $693m for domestic owners to modernise fleet
South Korea’s Financial Services Commission has announced that it would allocate KRW820bn ($693m) to help domestic owners to modernise their…
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Asia
MOL in for Hyundai Heavy VLGC trio
Japan’s largest shipping company by fleet size has decided to go to South Korea for its next ship order. Mitsui…
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Asia
Japan renews shipbuilding spat with Korea at the WTO
Japan has reignited its shipbuilding beef with neighbour South Korea, filing dispute proceedings at the World Trade Organisation (WTO) over…
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Asia
Stellar Daisy’s sister ships sent for demo
Two months ahead of the third anniversary since the sinking of the Stellar Daisy with the loss of 22 lives,…
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Asia
Pan Ocean orders chemical tanker quartet at Hyundai Mipo
South Korean shipowner Pan Ocean has placed an order at Hyundai Mipo Dockyard for the construction of four chemical tankers.…
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Asia
South Korea readies 0.1% ECA
South Korea is taking steps to green its coastline with the introduction of voluntary speed limits and an impending emission…
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Asia
KSS Line adds another VLGC at Hyundai Heavy
South Korean owner KSS Line has placed an order at Hyundai Heavy Industries (HHI) for the construction of another VLGC,…
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Asia
Korean heavylift firms fined for collusion
Local heavylift players in Korea have received fines for colluding in bidding for projects for the nation’s largest shipbuilder, Hyundai…
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Americas
Knutsen, JP Morgan and Korea Line order dual-fuel LNG carriers for Shell charters
International energy giant Shell has selected three owners for the long-term charter of a total of eight dual-fuel 174,000 cu…
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Asia
HMM boss sets out 2020 goals
In his first new year’s address to employees since becoming president and CEO of Korea’s largest shipping line, Jae Hoon…
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Europe
Avance Gas orders VLGC pair at DSME
Norwegian pure-play VLGC owner Avance Gas Holding has ordered two 91,000 cu m LPG dual-fuel VLGCs at South Korea’s DSME.…
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Asia
DSME wins first offshore plant contract since 2014
Daewoo Shipbuilding & Marine Engineering (DSME) is celebrating its first offshore plant order since 2014. The Korean yard has won…
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Asia
Joong Ang Shipping looks for panamax exit
South Korean dry bulk owner Joong Ang Shipping appears to be heading for an exit of the panamax sector. Brokers…
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Asia
Europe puts Hyundai Heavy’s merger with DSME in jeopardy
Hyundai Heavy Industries’ (HHI) planned takeover of compatriot Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea is now in…
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Asia
Sungdong finds new owners, returns to hull block assembly
Sungdong Shipbuilding & Marine Corp, a Korean shipbuilder that was once among the 10 largest in the world, finally has…
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Asia
Singapore voices concern on Hyundai Heavy’s DSME takeover
Hyundai Heavy Industries’s planned takeover of compatriot Daewoo Shipbuilding & Marine Engineering (DSME) has hit a speed bump in Southeast…
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Asia
HMM continues to stand out as box shipping’s biggest loser
The main container carriers’ average operating margin improved to 3.6% in the third quarter of 2019, largely due to lower…
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Asia
Samsung Heavy cops $75m Petrobras bribery fine
South Korean shipyard Samsung Heavy Industries has agreed to pay $75m in penalties to avoid prosecution in the United States…
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Asia
Hyundai Heavy develops new multi-power grid system for big boxships
South Korea’s Hyundai Heavy Industries has developed a multi-power grid system for 15,000+ teu ships, which will slash emissions. The…
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