South Korea
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Asia
SM in for Hanjin’s Korean terminals
SM Line, South Korea’s newest containerline, owned by Samra Midas Group, continues to make waves. SM, which also owns dry…
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Asia
Korean yards ready another 4,000 layoffs
South Korea’s top three shipyards – Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering…
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Asia
HMM takes on Hanjin staff
Hyundai Merchant Marine (HMM) has committed to take on 220 staff from bust compatriot Hanjin Shipping. The staff will come…
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Europe
Pleiades Shipping takes two at Hyundai Mipo
After a dreadful 2016 South Korean yards have won more orders in the first 10 days of 2017 than it…
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Containers
SM Line starts fleet buildup in earnest with feeder buy
Samra Midas Group (SM Group), the new name in container shipping, has got its fleet buildup plans underway. Having recently…
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Asia
Hyundai Heavy Industries to close down Gunsan shipyard
South Korean shipyard Hyundai Heavy Industries has offered voluntary redundancy packages to all 650 employees at its Gunsan shipyard as part…
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Europe
Ship Finance International back at Daehan for more product tankers
John Fredriksen’s Ship Finance International has extended its series at Daehan Shipbuilding by ordering two plus two options 114,000 dwt…
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Asia
Seoul readies billions to aid local lines and yards
Seoul will launch a state-backed ship financing firm this month with initial capital of KRW1trn ($845m) to help the nation’s…
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Asia
SM pushes ahead with plans to become a top 20 liner
Samra Midas Group (SM Group) has prodded brokers to source up to 21 ships as it ploughs ahead with transpacific…
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Asia
Japanese yards overtake Korean rivals
For the first time since the dawn of the new millennium Japanese yards have overtaken their Korean rivals in terms…
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Asia
Samsung Heavy wins $1.27bn contract from BP
Samsung Heavy Industries (SHI) has won the first South Korean vessel order of the year, concluding a lengthy contract with…
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Asia
Korean shipyards brace for another tough year
The CEOs of South Korea’s top three shipyards have given their new year’s addresses to employees and have warned of…
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Asia
Korea Line’s transpacific entrance barred
Korea Line Corp might not be entering the transpacific container trades after all. The board at the dry bulk line’s…
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Asia
HMM teams up with Heung-A and Sinokor
Hyundai Merchant Marine (HMM) has teamed up with fellow Korean lines Heung-A and Sinokor to form an intra-Asia container alliance.…
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Asia
KDB ups stake in DSME
The ongoing restructuring at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has seen lead creditor Korea Development Bank (KDB)…
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Asia
Former Hanjin boss charged with insider trading
The former chairman of Hanjin Shipping was indicted on Friday on charges of insider trading. Choi Eun-young stands accused of…
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Asia
DP World lifts stake in Pusan terminal
DP World has acquired an additional 23.94% stake in South Korea’s Pusan Newport Company (PNC) from Samsung Corporation. DP World…
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Middle East
DSME to build yard in Iran
Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) is to build a shipyard in Iran in partnership with the the…
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Asia
Evalend secures Hanjin tanker quartet
In a busy final few days of the year Kriton Lentoudis’s Evalend Shipping has finally nailed down the sale of…
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Asia
HMM’s 5% global box market share target ‘unrealistic’
Growth plans unveiled recently by top management at South Korea’s Hyundai Merchant Marine (HMM) have been slammed as “unrealistic” and…
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