South Korea
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Asia
KTB Asset Management funds three Teekay tankers
South Korea’s private equity firm KTB Asset Management has today launched a fund worth around $30m to invest in three…
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Europe
Empire Navigation adds up to 8 product tankers at Hyundai Mipo
Busy Hyundai Mipo Dockyard is celebrating a banner few weeks of orders now filling out available dock space well into…
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Asia
Nissen Kaiun in for four Mipo feeder boxships
South Korea’s Hyundai Mipo Dockyard looks to have finally closed out its available berths for next year. Japan’s Nissen Kaiun,…
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Asia
Japan looks to the WTO to fix shipbuilding row with South Korea
Not for the first time Japan is contemplating turning towards the World Trade Organization (WTO) to resolve a longstanding bitter…
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Asia
Korea Shipping Corporation orders bulker pair at Dae Sun Shipbuilding
Korea Shipping Corporation has signed shipbuilding contract with domestic yard ordered Dae Sun Shipbuilding for the construction of two 19,500…
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Gas
Temile orders LPG carrier at Hyundai Mipo
Temile Development, a Nigerian engineering and transportation company, has placed an order at South Korea’s Hyundai Mipo Dockyard for the…
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Asia
Hyundai Heavy runs out of offshore work
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has announced that it will suspend work at its offshore facility in…
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Asia
Korea’s largest steel mill gets shipping partners to install scrubbers
Korea, Inc has thrown its weight behind scrubbers. In a significant move, POSCO, one of the top five steel mills…
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Asia
Sungdong Shipbuilding seeks new owners
Sungdong Shipbuilding, once one of the world’s ten largest shipbuilders, has set out to seek new owners. The bankruptcy department…
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Asia
HMM denies it is preparing for life without Maersk and MSC
January 1, 2020 marks a date creating headaches for shipowners around the world as they gear up for the introduction…
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Asia
Should HMM stay or go?
On March 16 2017, Hyundai Merchant Marine (HMM) inked a three-year strategic cooperation agreement with Maersk and MSC’s 2M alliance.…
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Asia
DSME boss hints yard could be bought by Samsung or Hyundai
Not for the first time the CEO of Korean shipyard giant Daewoo Shipbuilding & Marine Engineering (DSME) has said there’s…
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Asia
Hyundai Heavy suffers vessel bottleneck thanks to Iran sanctions
The US re-imposing sanctions on Iran has left South Korea’s largest shipbuilder Hyundai Heavy Industries (HHI) with an awkward bottleneck…
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Europe
Maran Gas executes options for LNG carrier and FSRU at DSME
Maran Gas, a unit of Greek owner Angelicoussis Shipping Group, has provided shipyards with some rare cheer at Posidonia this…
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Asia
Korea Ocean Business Corporation allocates $251m to support domestic lines
Korea Ocean Business Corporation (KOTC), South Korea’s state-sponsored ship finance unit, will allocate a first round of around KRW26.8bn ($251m)…
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Asia
Pan Ocean orders boxship pair at Hyundai Mipo
South Korean owner Pan Ocean has placed an order at domestic yard Hyundai Mipo Dockyard for the construction of two…
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Asia
Hyundai Merchant Marine ordering 20 mega boxships at three domestic yards
South Korea’s Hyundai Merchant Marine (HMM) is going to order 20 mega containerships at three domestic yards as part of…
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Asia
Another elderly Polaris VLOC in trouble
South Korean owner Polaris Shipping’s 1994-built very large ore carrier suffered a fire in its engine room off the Brazilian…
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Asia
Seoul creates special industrial crisis response zones to aid ailing shipbuilders
With more than 100,000 Korean shipbuilders out of work in the past two years, and whole towns devastated by the…
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Asia
H-Line takes another modern cape
Hsin Chien Marine is the second Taiwanese owner in the past fortnight to be offloading relative modern bulkers. Over the…
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