South Korea
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Asia
Call to inspect all converted ore carriers
The families of the missing crew of the sunken have called for all converted ore carriers in South Korea to…
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Asia
Korean ports to offer alternative maritime power
South Korea’s main ports are introducing alternative maritime power (AMP) for ships at berth. The systems will be installed at…
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Asia
Korea Line secures $1.15bn LNG contract
Korea Line Corp has won a 20-year LNG shipping deal worth KRW1.27trn ($1.15bn). Korea Gas Corp (Kogas) awarded the Samra…
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Asia
Polaris sends elderly VLOCs into cold layup
Polaris Shipping, the troubled South Korean dry bulk owner, has decided to send some of its vintage ore carriers into…
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Asia
CarVal takes HMM cape for $30.5m
Weeks after Korean owner Hyundai Merchant Marine (HMM) invited offers for the 178,896 dwt old , Splash can finally reveal…
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Asia
Hanjin Heavy sells block manufacturing site
Hanjin Heavy Industries & Construction has sold off a block manufacturing site located in Dadaepo in the southwest of Busan…
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Asia
Hyundai Merchant Marine sells product pair
Hyundai Merchant Marine (HMM) has sold a pair of pump room MR product tankers for $10.5m each. The sister ships…
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Asia
Asian Exim banks throwing good money after bad
Throwing good money after bad – that does seem to be the modus operandi of arguably the two most powerful…
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Asia
Korean government in dialogue with Hyundai Heavy to keep Gunsan yard open
The Korean government is looking into the closure of Hyundai Heavy’s Gunsan yard, trying to find a solution to keep…
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Asia
SM Line takes on one of its largest ships to date
SM Line, part of South Korea’s Samra Midas Group and one of the fastest growing containership owners in the world,…
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Asia
Polaris postpones IPO again
Polaris Shipping has postponed plans for an IPO again. In the wake of severely negative press since its 1993-built ore…
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Asia
DSME seals more bank aid
More aid has been approved by state-run banks for one of South Korea’s largest yards. Korea Development Bank and Export-Import…
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Asia
Korean private equity invests in Hyundai Samho
Korean yard Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries, has attracted a KRW400bn ($355.4m) pre-initial public offering…
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Asia
Polaris orders VLOC trio at Hyundai Heavy
Polaris Shipping has ordered three very large ore carriers at compatriot South Korean yard Hyundai Heavy Industries (HHI) as it…
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Asia
Polaris Shipping takes capesize from TRF Ship Management
South Korean owner Polaris Shipping has acquired a 209,000dwt capesize bulker from Oslo-based TRF Ship Management. According to broking sources,…
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Europe
Trafigura heads to China and South Korea for up to 32 tankers
Swiss commodity trader Trafigura Group has announced its involvement in an order of up to 32 crude oil and product…
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Asia
Posco keen to order LNG-fuelled cape
Korean steel mill Posco is in talks with local shipping lines and shipbuilders to construct an LNG-fuelled capesize. The 180,000…
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Asia
SM Line adds two more boxships
The quickest build up from scratch of any containerline ever continues apace with news that South Korea’s SM Line has…
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Europe
Eni ready to sign FLNG order for Mozambique with Samsung
Italian energy company Eni will complete its long-awaited final investment decision on a large liquefied natural gas (LNG) project offshore…
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Europe
Flex LNG takes orderbook to six
Oslo-listed Flex LNG has revealed its orderbook now stands at six gas carriers. The John Fredriksen-controlled vehicle has four ships…
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