South Korea
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Asia
HMM signs off on mega boxship project
Today South Korea’s flagship line HMM signed formal contracts for its 20 mega containerships with three the nation’s top three…
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Asia
Advantage Hanjin Subic as it closes out 2020 slots with aframaxes
Geneva-based Advantage Tankers has gone to Hanjin Heavy’s increasingly busy yard at Subic Bay in the Philippines and ordered four…
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Asia
STX Offshore & Shipbuilding sells R&D building
South Korean shipyard STX Offshore & Shipbuilding has sold its research and development building to auto parts manufacturer Korea Central…
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Asia
SM Line to buy into Vinalines
SM Line, the new container player from South Korea, is in discussions to buy a 5% or 6% stake in…
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Asia
Hyundai Heavy debuts new regasification system at Gastech
South Korea’s Hyundai Heavy Industries (HHI) is debuting a compact regasification system called New Hi-ReGAS at this week’s massive Gastech…
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Europe
Marinakis orders aframax tanker pair at Daehan
Greek owner Evangelos Marinakis’ Capital Maritime and Trading has placed an order at South Korean yard Daehan Shipbuilding for the…
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Asia
STX given refund guarantee boost for Oceangold Tankers order
South Korean yard STX Offshore & Shipbuilding has secured a refund guarantee from Korea Development Bank (KDB) for an order…
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Asia
Korean government approves mission to retrieve Stellar Daisy VDR
The Korean government has approved funding to launch a mission to retrieve the voyage data recorder (VDR) of the sunken…
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Asia
Hyundai Heavy debuts reliquefaction system for LNG carriers
The world’s largest shipbuilder, Hyundai Heavy Industries (HHI), unveiled today a new reliquefaction system for LNG carriers. HHI said that…
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Americas
Families of Stellar Daisy crew go after the CEO of Vale
The bereaved families of the 22 dead crew from the sunken Stellar Daisy have hit out at Vale, the world’s…
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Greater China
AFC Mercury completes takeover of STX Corporation
AFC Mercury, a fund jointly launched by the Chinese Academy of Agricultural Sciences and a number of Chinese banks, has…
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Europe
Enesel orders aframax pair at Daehan
Greek owner Andonis and Filippos Lemos-led Enesel has placed an order at South Korean yard Daehan for the construction of…
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Asia
12,000 workers at Hyundai Heavy down tools
Some 12,000 unionised workers at the world’s largest shipbuilder downed tools today, in a strike that will likely last through…
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Asia
Hyundai Heavy completes shift to holding structure
South Korea’s largest shipbuilding group Hyundai Heavy Industries (HHI) has completed a significant corporate regrouping whereby it has moved to…
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Asia
Celsius makes $376m entry into LNG
Celsius Tankers, a unit of Danish owner Celsius Shipping, has placed an order at South Korean yard Samsung Heavy Industries…
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Asia
Seoul to provide financial support for Sinokor Heung-A merger
South Korea’s Ministry of Oceans and Fisheries has made plans to financially support the merger between two domestic containership operators…
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Asia
HMM continues to report the worst results of all the major carriers
Hyundai Merchant Marine (HMM), South Korea’s flagship carrier, continues to post the worst results of all the major carriers around…
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Asia
Pan Ocean back at New Times for more bulkers
South Korea’s Pan Ocean, in the midst of a significant fleet rejuvenation programme, has eschewed local shipbuilders and headed to…
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Asia
Samsung Heavy considers compulsory leave plan for employees
South Korean shipbuilding major Samsung Heavy Industries is considering a compulsory unpaid leave plan for its employees amid the ongoing…
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Asia
HMM jettisons Hyundai heritage in rebrand
South Korean shipping major Hyundai Merchant Marine (HMM) is now undergoing a rebranding process which will change the company’s official…
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