South Korea
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Asia
Dirty Korean bulker allowed back into New Zealand
The , a bulk carrier controlled by South Korea’s Dae Lim, is back in New Zealand after an embarrassing expulsion…
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Asia
Marinakis pays $155m for Hanjin boxship quintet
The carve up of the defunct Hanjin Shipping fleet is now just about complete with news Evangelos Marinakis’s Capital Ship…
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Europe
Solvang confirms ethylene carrier pair at Hyundai Mipo Dockyard
Norway’s Solvang has confirmed an order with South Korea’s Hyundai Mipo Dockyard for the construction of two firm 21,000 cu…
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Asia
Seoul fines DSME accountant for ‘turning a blind eye’ to huge accounting fraud
South Korea’s financial regulator has banned accounting firm Deloitte Anjin from conducting new audits for 12 months as punishment for…
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Asia
DSME to receive $2.6bn rescue package
South Korea’s financial regulator, Financial Services Commission, announced today a KRW2.9 trillion ($2.6bn) debt restructuring plan for shipbuilder Daewoo Shipbuilding…
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Asia
Struggling Hyundai Heavy suspends work at another dock
Hyundai Heavy Industries, the world’s largest shipbuilder, has announced it will shutter another dock at its Ulsan flagship facility. Dock…
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Asia
SM Group eyes more takeovers at home and abroad
South Korea’s Samra Midas Group (SM Group) is looking to acquire more shipping assets to further expand its business, Korean…
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Asia
Hyundai Samho to build LNG-fuelled aframaxes for Sovcomflot and Shell
Hyundai Samho Heavy Industries will be build four LNG-fuelled ice-class aframaxes for Russia’s Sovcomflot. The 114,000 dwt quartet are thought…
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Asia
Pan Ocean beats keen interest for Hanjin kamsarmax pair
The last remains of South Korea’s Hanjin Shipping bulker segment that have been under the wings of lead creditor Korean…
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Asia
World gets a glimpse of the largest boxship ever built
The world got a glimpse of the world’s largest containership yesterday at the naming cermomy of the 20,150 teu .…
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Asia
HMM signs up with 2M
Yesterday, Hyundai Merchant Marine (HMM) officially signed up to a strategic cooperation deal with the members of 2M, MSC and…
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Asia
Three Hanjin capes sold
State-run Korea Development Bank (KDB) has sold three capesizes that were part of defunct Hanjin Shipping’s fleet. The sales were…
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Asia
Endangered Sungdong workers urge Korean authorities to fix refund guarantee situation
Workers at struggling Sungdong Shipbuilding & Marine Engineering are begging state banks to help out and issue refund guarantees. A…
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Europe
Struggling DSME close to securing triple Angelicoussis VLCC order
Daewoo Shipbuilding & Marine Engineering’s CEO Jung Sung-Leep is in Europe holding discussions with key clients and is expected to…
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Asia
Doriko takes first panamax in a decade
The low profile Korean outfit Doriko, best known for its involvement in the larger handysize segment, has taken its first…
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Asia
Dae Sun wins Shokuyu Tanker order
Dae Sun Shipbuilding & Engineering has won an order from Japan’s Shokuyu Tanker to build a 3,500 dwt stainless steel…
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Asia
SM Group picked to take over STX Corp
A Samra Midas Group-led consortium was picked today as the preferred bidder for STX Corp. SM Group, best known as…
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Asia
Prime spunks nearly $11m for Dong-A Peneus
Prime Shipping of Vietnam has continued its S&P relationship with South Korea’s Dong-A Tankers. The active Vietnamese owner has paid…
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Asia
SM Line eyes US east coast and 10,000 teu ships
SM Line, the world’s newest container shipping company, has eyes on the US east coast. The South Korean offshoot of…
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Asia
SM Group in pole to buy STX
Samra Midas Group (SM Group), the fast emerging white knight among South Korea’s hard hit maritime industries, is being linked…
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