South Korea
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Asia
IACS ‘anxious’ about Stellar Daisy loss
The head of the International Association of Classification Societies says he’s ready to learn from any defects or mistakes made…
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Asia
Repair work on Polaris VLOC taking longer than planned
When the Polaris Shipping-controlled broke its course and made for Cape Town seeking repairs at the start of the month…
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Asia
Stellar Cosmo alarm monitoring system defect fixed
As first reported by Splash, the has suffered a defect, but it has since been fixed and the Polaris Shipping-controlled…
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Asia
Salvation for DSME
Daewoo Shipbuilding & Marine Engineering (DSME), one of the world’s largest shipbuilders, has been saved from financial oblivion. Key bondholder,…
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Asia
Kogas selects Korea Line and Samsung Heavy for Jeju LNG project
Korea Gas Corporation (Kogas) has selected Korea Line Corporation and Samsung Heavy Industries to build and operate a pair of…
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Asia
DSME’s top bondholder and creditor finally find common ground to save the yard
A deal has been reached to save one of the world’s largest shipbuilders. Doubts had been growing this month that…
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Asia
Another defect found on a Polaris VLOC
The hunt for the has been plunged into chaos with another converted VLOC that had been leading the search and…
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Asia
KMTC sells last bulker to focus on boxships
Korea Marine Transport (KMTC) has sold the last bulk carrier in its fleet and will focus on container shipping business.…
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Asia
Could Stellar Daisy spark an end to the converted VLOC?
Could a significant chunk of the global dry bulk fleet be set for accelerated scrapping? With a third elderly Polaris…
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Asia
South Korea’s foreign minister vows to mobilise all resources to track down missing Stellar Daisy
South Korea’s foreign minister visited the headquarters of Polaris Shipping in Busan yesterday and vowed to up resources in the…
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Asia
Polaris Shipping inspecting entire fleet in wake of Stellar Daisy sinking
Polaris Shipping, the world’s largest VLOC owner, is now carrying out inspections on all its fleet in the wake of…
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Asia
SM Line takes another feeder
SM Line, the brand new containerline, continues its dramatically fast fleet build up. Brokers report the Korean company, an offshoot…
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Asia
HMM in for up to 10 DSME VLCCs
Hyundai Merchant Marine (HMM) has signed a letter of intent with Daewoo Shipbuilding & Marine Engineering (DSME) to build five…
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Asia
Three more ships join search for missing Stellar Daisy
According to the Uruguayan navy, which has been coordinating the search for the missing , the number of vessels scouring…
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Asia
Rule changes could happen in wake of Stellar Daisy sinking: Korean Register
The Korean Register of Shipping, the classification society under fire from last Friday’s likely sinking of the VLOC, has admitted…
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Asia
Attention turns to Polaris’s 19 converted bulkers
A Korean seafarers union has questioned whether Polaris Shipping’s fleet is fit for purpose and suggested tankers that have been…
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Asia
SM Group eyes takeover of Korea Ship Finance
South Korea’s Samra Midas (SM) Group is looking to take control of Korea Ship Finance through acquiring major stakes in…
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Asia
Stellar Daisy: Contagion rather than containment
I woke on Saturday to the terrible news coming from Uruguay that the giant 266,000 dwt bulker had disappeared in…
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Asia
Polaris suffers another VLOC mishap
Splash has learnt that another very large ore carrier (VLOC) belonging to Polaris Shipping has run into difficulty off South…
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Americas
Polaris under fire for slow response to VLOC’s disappearance
The search for the missing VLOC and 22 out of its 24 crew continues with more ships drafted in to…
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