South Korea
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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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Asia
KAMCO to take control of 20 Korean ships
South Korea’s debt clearing house Korea Asset Management Corp (KAMCO) will take control of 20 ships worth KRW390bn ($344m) owned…
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Asia
Korea Line chooses Chengxi to build bulker quartet
Korea Line Corporation has revealed where it placed orders recently for a quartet of bulkers, news that will infuriate yards…
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Asia
Cracks surface on another Polaris VLOC
Another ore carrier belonging to under pressure Polaris Shipping from South Korea has a couple of cracks on its deck.…
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Asia
Police raid Samsung Heavy as crane collision investigation gets underway
Local police raided the offices of Samsung Heavy Industries on Thursday as part of investigations into the crane collision accident…
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Asia
Dong Energy settles dispute with Technip and DSME
Dong Energy has announced that the company has entered into a settlement agreement with the supplier consortium consisting of Technip…
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Asia
Hyundai Heavy will shutter giant Gunsan yard in July
Neatly bookending the rise and fall of Korean shipbuilding over the last decade, Hyundai Heavy Industries (HHI) has confirmed that…
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Americas
Polaris restarts hunt for sunken Stellar Daisy
The search for the missing Stellar Daisy VLOC is to restart tomorrow after a number of days of inactivity due…
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Asia
DSME puts local yard up for sale
Troubled Daewoo Shipbuilding & Marine Engineering (DSME) is looking to sell subsidiary Samwoo Heavy Industry. KPMG Samjeong, DSME’s adviser, has…
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