South Korea
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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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Greater China
TCC Group in for VLCC brace
Hong Kong’s TCC Group has ordered a pair of VLCCs at South Korea’s Hyundai Heavy Industries (HHI) for delivery in…
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Asia
Authorities raid Polaris Shipping headquarters
Authorities have raided the Seoul and Busan offices of under fire Polaris Shipping as part of investigations into the sinking of…
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Asia
Reprieve for Sungdong as Kyklades comes knocking for up to seven aframaxes
Sungdong Shipbuilding has won its first order since December 2015, likely sparing it from oblivion. Greece’s Kyklades Maritime is linked…
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Americas
Marshall Islands issues Stellar Daisy statement as repairs continue on another Polaris converted VLOC
More than seven weeks since the Stellar Daisy sank in the South Atlantic with the loss of 22 lives, its…
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Asia
Fire breaks out at Samsung Heavy yard
A fire broke out at Samsung Heavy Industries’s Geoje shipyard on Wednesday morning, only 18 days after a major crane…
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Asia
DSME loses patent suit
South Korea’s Supreme Court closed a three-year-old patent dispute among the nation’s top three major shipbuilders, siding with Hyundai Heavy…
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Asia
Polaris reaches compensation agreement with bereaved families as Stellar Daisy search ends
South Korea’s Polaris Shipping has fixed a compensation agreement with the families of most of the missing crew from the…
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Asia
HMM firms up Algeciras bid
Hyundai Merchant Marine (HMM) has firmed up plans to purchase a terminal in Spain which was operated by compatriot Korean…
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Asia
SM Line builds up fleet in ‘record time’
SM Line, the new Korean box shipping firm, is creating records in the speed of its fleet build up. Analysts…
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