South Korea
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Dry Cargo
Sinokor linked to triple cape sale
South Korea’s Sinokor Merchant Marine has been named as the seller of three 2016-built capesize bulk carriers in two separate…
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Gas
QatarEnergy signs $3.9bn deal for 17 LNG newbuilds in South Korea
Middle Eastern liquefied natural gas producer QatarEnergy has kicked off the second phase of its massive shipbuilding program by signing…
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Offshore
Fredriksen’s Northern Drilling loses arbitration against Hanwha over cancelled drillships
John Fredriksen’s rig investment company, Northern Drilling, has lost a legal battle with Daewoo Shipbuilding & Marine Engineering (DSME), now…
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Renewables
South Korea’s SK ecoplant lines up work on domestic offshore wind project
SK ecoplant has landed a preferred supplier agreement for the transportation and installation of jacket foundations at the Anma offshore…
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Shipyards
Samsung Heavy debuts laser welding robot as it wades through record LNG orderbook
Samsung Heavy Industries has developed a laser high-speed welding robot, aimed at substantially enhancing the productivity of constructing LNG carriers,…
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Containers
CK Line taps Huangpu Wenchong for pair of feeder boxships
South Korea’s CK Line has ordered a pair of feeder containerships at Huangpu Wenchong Shipbuilding in China. The Seoul-based firm…
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Dry Cargo
Polaris Shipping sold to Korean private equity
One of the biggest operators of large bulk carriers in the world will remain in Korean hands with news today…
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Tankers
Pan Ocean sells two product tankers
India’s Great Eastern Shipping has bought an MR2 tanker from South Korea’s Pan Ocean. The 2008-built, 46,197 dwt Grand Ace8…
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Shipyards
Shipyard surprises in latest rankings: Samsung on top, Oshima above Imabari
The Geoje shipyard of Samsung Heavy Industries in the far southeast of South Korea has the largest orderbook backlog of…
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Gas
New hydrogen system for liquified hydrogen carriers gets stamp of approval
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), along with its subsidiaries HD Hyundai Heavy Industry and Hyundai Mipo Dockyard,…
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Bunkering
HMM aims to have up to 10% of its fuel mix coming from biofuels by 2026
HMM, South Korea’s flagship line, intends to have as much as 10% of its fuel mix coming from biofuels by…
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Gas
Capital Gas joins Eastern Pacific in ordering very large ammonia carriers
Evangelos Marinakis-led Capital Gas Ship Management Corp has ordered the world’s largest ammonia carriers, signing for two 88,000 cu m…
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Gas
Samsung Heavy supersizes ammonia carrier designs with 200,000 cu m vessel
South Korean shipbuilder Samsung Heavy Industries (SHI) has developed a 200,000 cu m ammonia carrier. The new design, unveiled at…
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Renewables
Equinor and Posco team up to build world’s largest floating offshore wind farm
Norwegian energy major Equinor has teamed with Posco International to develop the world’s largest floating offshore wind power complex. The…
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Gas
Korean firms developing 12,000 cu m LCO2 carrier design
Class society Korean Register (KR) has signed a memorandum of understanding with K Shipbuilding, Sunbo Industries, and Dongsung Finetec to…
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Containers
HMM stands out when it comes to average boxship sizes among global carriers
HMM, the South Korean flagship carrier being readied for sale, is the only containerline in the world whose average boxship…
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Dry Cargo
Co-CEOs of up-for-sale Polaris Shipping under investigation
Efforts to sell Polaris Shipping, a Korean operator of large bulk carriers, have been dealt a severe blow this week…
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Gas
MISC and Samsung Heavy showcase floating CO2 storage unit concept
Malaysia’s top shipping line, MISC, and South Korean shipbuilder Samsung Heavy Industries (SHI) have completed a conceptual design for a…
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Containers
Hapag-Lloyd excluded from second round of HMM bid process
Hapag-Lloyd has been excluded from the second round of bidding for HMM, South Korea’s flagship carrier. Multiple sources in South…
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Containers
Shareholders agitate for Hapag-Lloyd to take over HMM
State creditors in South Korea have outlined how the sales process of HMM, the nation’s flagship carrier, will proceed with…
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