South Korea
-
Asia
IRISL discusses renewing 2008 bulker contract with SPP
Korean shipbuilding news site Asiasis reports that Islamic Republic of Iran Shipping Lines (IRISL) and South Korea’s SPP Shipbuilding are…
Read More » -
Asia
SPP sale sees Korea Line parent in pole position
The parents of two South Korean shipping lines have been linked with adding a shipyard to their sprawling business empires.…
Read More » -
Asia
Hanjin Heavy asks creditors for breathing space
Facing a liquidity crisis Hanjin Heavy Industries & Construction (HHIC), once the world’s fourth largest shipbuilder, has asked for help…
Read More » -
Asia
Marmaras Navigation says it will take disputed pair of Sungdong capes
A widely reported cape newbuilding sale from South Korea’s Sungdong Shipbuilding has failed, according to sources. The 180,000 dwt Maria…
Read More » -
Asia
Korea’s big three yards brace for another tumultuous year
The heads of South Korea’s big three shipbuilders have delivered their New Year’s addresses, warning of another very difficult 12…
Read More » -
Asia
Creditor banks cut ties with ailing STX Offshore & Shipuilding
A number of creditor banks to South Korea’s STX Offshore & Shipbuilding have decided to stop supporting the yard, saying…
Read More » -
Asia
Seoul launches $1.2bn ship investment scheme
The government of South Korea has come to the aid of the nation’s struggling shipping lines, launching a $1.2bn ship…
Read More » -
Asia
Korea Line sells VLGC hit by explosion to Chinese buyers
A VLGC onboard which an explosion killed two crew during 2014 has been sold by Korea Line to Chinese interests…
Read More » -
Asia
Creditors oppose financial aid for STX Offshore & Shipbuilding
Some creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook…
Read More » -
Asia
Hyundai Heavy preferred bidder for series of SK LNG ships
Hyundai Heavy Industries has been selected as preferred bidder to build a series of LNG ships for compatriot energy developer…
Read More » -
Asia
KSS Line in for another VLGC newbuild
South Korea’s KSS Line is back for another VLGC newbuild. The line has signed a contract with compatriot Hyundai Heavy…
Read More » -
Asia
DSME to issue $353m of new shares
Shareholders of struggling Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) have approved a plan to increase the ceiling of…
Read More » -
Asia
Asian banks near the top of the ship finance charts
Asian banks continue to rise to the top of the ship finance charts. Research from Petrofin shows DNB Bank still…
Read More » -
Asia
Sinokor makes fast buck on VLCC pair
Sinokor looks to have made the most of the spike in tanker rates with a swift sale of a pair…
Read More » -
Asia
STX yard slashes 30% of workforce
Ailing STX Offshore & Shipbuilding, whose restructuring plan is thought to have won it KRW450bn in new breathing space from…
Read More » -
Asia
Seoul debt restructuring vehicle anticipates plenty more ship buys in 2016
Korea Asset Management Corp (KAMCO) anticipates it will continue to buy up plenty of ships from locally distressed lines next…
Read More » -
Asia
Hanjin Aqua aground on the Sundra Strait
The 4,500 teu remains hard aground in Indonesia’s Sundra Strait. The Korean vessel ran aground off Sangiang island on Friday.…
Read More » -
Europe
Navig8 Chemical exercises option for another chemical tanker
Navig8 Chemical has exercised its contractual option to order another 49,000-dwt IMO II chemical tanker from STX Offshore & Shipbuilding,…
Read More » -
Asia
Daiichi Chuo could be broken up as part of rehab plan
Senior management at bankrupt Daiichi Chuo Kisen Kaisha is debating whether to seek support for its rehabilitation as a group…
Read More » -
Asia
Dae Sun wins another 1,800 teu boxship order
South Korea’s Dae Sun Shipbuilding & Engineering has won another order for an 1,800 teu containership. Pan Continental Shipping, also…
Read More »