South Korea
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Asia
Samsung hit by another drillship delay
Samsung Heavy Industries has been hit by another owner delaying delivery of a pricey drillship. Sources tell Splash the owner…
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Asia
The world’s largest shipowner revealed
Who’s the world’s largest shipowner? That was the question posed to 100 people by Professor Stavros Tsolakis at the International…
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Asia
Samsung Heavy comes to Sungdong’s rescue
A rescue path has officially been laid out for Sungdong Shipbuilding & Marine Engineering. Samsung Heavy Industries and the Export-Import…
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Asia
DSME drives down debt with golf course sale
As financially struggling Daewoo Shipbuilding & Marine Engineering (DSME) tries to engineer a turnaround, vast swathes of the conglomerate have…
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Asia
Busan strengthens ship finance claims
In a further sign of Busan’s bid to stamp its place on the world maritime map a lavish ceremony was…
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Asia
Korean loans for Container Carriers
The Export-Import Bank of Korea and Busan Bank have provided American joint venture Container Carriers with $87m in ship finance.…
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Asia
DSME death toll rises to two
Two workers have been confirmed dead after a fire ripped through Daewoo Shipbuilding & Marine Engineering’s (DSME) Okpo Shipyard on Geoje…
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Asia
Fire rips through DSME
Seven people were injured this morning when a serious fire broke out at a drydock in South Korea. A pair…
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Asia
Thousands ready to strike at Korea’s top yards
Up to 28,000 workers will go an indefinite strike from September 9 at South Korea’s top three shipyards, protesting a…
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Asia
Samsung Heavy’s takeover of Sungdong nears
Samsung Heavy Industries looks set to take over management of fellow Korean yard, Sungdong Shipbuilding & Marine Engineering for a…
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Operations
‘Locked in hatches on a starvation diet’: ITF unearths another shocking case of seafarer abuse in Australia
A foreign crew in Australia’s Mackay port has been denied basic rights such as access to food and has been…
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Asia
Other Korean yards look on anxiously as HHI braces for strikes
The world’s largest shipbuilder faces a partial strike next week, something that could spread to other yards. South Korea’s Hyundai…
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Europe
Vitol takes two LR2 product tankers on long-term timecharter
Vitol has fixed two of Dong A Tanker’s LR2 product tanker newbuildings on six-year timecharters. The as yet unnamed 115,000-dwt…
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Offshore
Vantage cancels order with DSME for Cobalt Explorer drillship
Vantage Drilling has cancelled its order with Daewoo Shipbuilding Marine Engineering (DSME) for the Cobalt Explorer, the ultra-deepwater drillship it…
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Asia
13 senior DSME execs offer to resign
In trouble Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) has said 13 senior executives have offered to resign following…
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Europe
Unisea declares options on aframax tanker order
Greece’s Unisea Shipping has exercised its option to add two further aframax tankers to its two-vessel order with Samsung Heavy…
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Asia
GAIL tipped to have picked Hyundai Heavy for 9 LNG carriers
Hyundai Heavy Industries is being tipped in both Korean and Indian media circles as the winner of a very lucrative…
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Asia
Top 3 Korean shipyards post massive losses due to offshore downturn
South Korea’s top three shipbuilders Hyundai Heavy Industries (HHI), Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) have…
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Europe
DSME files complaint to sue Songa, investors kept in the dark
Daewoo Shipbuilding & Marine Engineering (DSME) has filed a complaint with the London Maritime Arbitrators Association (LMAA) against Norway’s Songa…
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Asia
Pan Ocean to become ‘Korean Cargill’
Seoul: Pan Ocean could become South Korea’s version of global commodities giant, Cargill, says its new boss. Speaking at an…
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