South Korea
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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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Asia
South Korea’s HMM sets sail as a ‘true flag carrier for the nation’
After what has been a traumatic year at Hyundai Merchant Marine (HMM) the line is now ready for a “new…
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Asia
DSME will make more cuts as order slump worse than anticipated
Admitting it will fall well short of its annual sales target, under pressure Korean yard Daewoo Shipbuilding & Marine Engineering…
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Asia
Seoul rallies to push HMM up the rankings with massive buying blitz
The South Korean government will do all it can to push Hyundai Merchant Marine (HMM) up the container rankings –…
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Asia
Seoul earmarks billions to save shipyards
Seoul has moved to right the ship of its dire maritime sector announcing today a new KRW1trn ($871.73m) state-backed ship…
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Asia
HMM front-runner to take over Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM), Korea Line Corp and three unidentified other parties are in the mix to take over the…
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Asia
Hanjin seeks to close Europe operations
Embattled Hanjin Shipping’s move to try and forge a future as an intra-Asia operator moves ahead with news the Korean…
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