South Korea
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Asia
SM Line pays $24m for 2006-built post-panamax
SM Line, the new South Korean carrier, continues its rapid fleet expansion. Founded by the Samra Midas Group last December,…
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Asia
Hyundai Glovis acquires Eusu Ship Management
Hyundai Glovis, the logistics unit of Hyundai Motor Group, has signed an agreement with South Korea’s Eusu Holding to take…
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Europe
Angelicoussis returns to DSME for more VLCCs
Daewoo Shipbuilding & Marine Engineering has won an order for four new 318,000 dwt VLCCs from regular customer Maran Tankers…
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Asia
DSME to complete debt-for-equity swap with bondholders next month
Financially troubled South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) is expected to secure at least KRW800bn ($692m) in…
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Asia
Total details delays resulting from tragic Samsung Heavy crane accident
Two significant projects underway for Total at Samsung Heavy Industries are facing delays in the wake of the tragic crane…
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Asia
STX Engine up for sale
State-run Korea Development Bank has put STX Engine up for sale. The marine engine manufacturer has been in restructuring for…
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Asia
Hyundai Heavy at loggerheads with trade union, braces for more strikes
Just as it is getting back on track, nailing new orders, the world’s largest shipbuilder finds itself at a risky…
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Asia
Damen closes in on Mangalia
Romania’s largest shipbuilder could be bought by Damen Shipyards. Mangalia, owned by restructuring Daewoo Shipbuilding & Marine Engineering, has been…
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Asia
STX comes out of restructuring early
The court-led restructuring of STX Offshore & Shipbuilding has come to an early end with the Korean yard now able…
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Asia
Korean Register HQ raided as Stellar Daisy investigation heats up
The Busan headquarters of class society Korean Register (KR) were raided yesterday in the ongoing investigation into the sinking of…
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Asia
Busan pushes for ECA status
South Korea’s top port is planning an emissions control area (ECA) ahead of the 2020 mandated sulphur regulations coming into…
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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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