South Korea
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Asia
Samsung Heavy to delay Statoil rig project due to construction accident
South Korea’s Samsung Heavy Industries is to delay the construction a jackup rig being built at the shipyard after a…
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Asia
HMM offered slot exchanges with Maersk and MSC
Maersk Line says it and MSC are still trying to find a way to partner with Hyundai Merchant Marine (HMM)…
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Asia
Petronas to delay Samsung FLNG to 2020
Samsung Heavy Industries has suffered another offshore setback, with Malaysian energy giant Petronas delaying delivery of its giant newbuild FLNG…
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Asia
‘Political blundering over economic sense’: Hanjin’s demise attacked
The Korean government bungled the collapse of Hanjin Shipping and should have done away with Hyundai Merchant Marine (HMM) instead,…
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Asia
Korea Line pays $31.4m to enter the transpacific box trades
The transpacific has a new container player from South Korea. Hanjin Shipping said today compatriot Korea Line Corp has paid…
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Asia
HMM denies it has been vetoed from 2M
Hyundai Merchant Marine (HMM) sought to quell customer and investor concern over the weekend, denying reports in the Journal of…
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Asia
Hanjin court verdict delayed to February
Hanjin Shipping’s fate will now be decided in February rather than December as originally planned. The Korean line, which sought…
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Asia
Hyundai Heavy Industries confirms spilt
South Korea’s Hyundai Heavy Industries (HHI) said yesterday that it will split its non-shipbuilding businesses into separate companies to improve…
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Asia
British fund eyes STX yards
Yonhap, South Korea’s official newswire, is reporting an unnamed British investment fund has submitted a letter of intent to a…
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Asia
HMM setback as Korea Line wins latest Hanjin bid
In another setback to Hyundai Merchant Marine’s (HMM) plans to bolster its fleet by picking up parts of the defunct…
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Americas
SK Shipping offloads supramax
SK Shipping of South Korea has sold a Dolphin 57 design bulker to Strategic Bulk Carriers, part of M.T. Maritime…
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Asia
HMM and Korea Line vie for Hanjin’s US assets
It’s come down to a straight shot between Hyundai Merchant Marine (HMM) and Korea Line Corp for the assets of…
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Asia
Court reprieve for STX Offshore & Shipbuilding
STX Offshore & Shipbuilding has got the green light to carry on operations. A Seoul court today approved its rehabilitation…
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Asia
Deloitte reviewing its position in Korea in wake of DSME fraud
The fraud that has rocked Daewoo Shipbuilding & Marine Engineering (DSME) looks set to shake up the local accounting scene.…
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Asia
DSME labour union under pressure to accept restructuring plans
Debt-laden Daewoo Shipbuilding & Marine Engineering (DSME) will get a critically important KRW2.8trn ($2.42bn) injection of cash so long as…
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Asia
Hanjin readies further layoffs as liquidation rumours grow
Hanjin Shipping has handed 560 crew redundancy notices effective December 10 with the remaining 2,000 crew linked to the Korean…
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Asia
Hanjin sliding out of the top 20 liner list fast
Hanjin Shipping, the seventh largest containerline in the world when it filed for bankruptcy at the end of August, will…
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Asia
Sungdong closes in on aframax deal
Sealing a refund guarantee is all that stands in the way of South Korea’s Sungdong Shipbuilding & Marine Engineering from…
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Asia
KDB assembles 4 Hanjin boxships in Hong Kong for sales inspections
Brokers in Hong Kong have been invited to inspect four Hanjin boxships that lead creditor Korea Development Bank has put…
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Asia
Samsung Heavy readies $1bn share sale
South Korean shipbuilding major Samsung Heavy Industries is gearing up for a share sale worth KRW1.14trn ($996m), Yonhap, the nation’s…
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