South Korea
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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.…
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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,…
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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…
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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…
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Asia
Reprieve for STX
While other Korean yards have gone to the wall this year, STX Offshore & Shipbuilding looks set for a reprieve.…
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Asia
Shina SB bankrupt, assets to be sold
Korean yard ShinaSB, long on life support, has finally filed for bankruptcy. The shipbuilder has been under court receivership since…
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Asia
Sungdong sells cape to Zodiac
Zodiac Maritime Agencies stays active in sniffing out opportunities. This time, brokers report that the Eyal Ofer-chaired outfit has been…
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Asia
SPP urges South Korean president to save yard
Since imperiled SPP Shipbuilding’s urgent plea to its creditor to issue refund guarantees has fallen on deaf ears, management have…
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Asia
800 staff face the axe at troubled STX yard
Financially troubled STX Offshore & Shipbuilding (STX O&S) will slash 800 staff, roughly 30% of its approximate 2,600 workforce, as…
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Europe
Dong A Tanker sells two brand-new MRs
South Korea’s Dong A Tanker has sold two of its newly delivered MR product tankers to Greek buyers for $69.6m…
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Asia
DSME suing Songa Offshore for $179m
Daewoo Shipbuilding and Marine Engineering (DSME) has filed a claim submission for $179m against Songa Offshore, regarding the construction contract…
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Asia
STX Offshore & Shipbuilding on the brink
STX Offshore & Shipbuilding is on the verge of liquidation unless a large amount of money can be pumped into…
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Asia
South Korea to check profitability of all ship orders
The South Korean government has announced that the state-run financial institutions will commence profitability checks on shipbuilding orders and large…
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Middle East
Saudi Aramco eyes JV yard with Hyundai Heavy
Having just put one planned yard with Singapore’s Sembcorp Marine on the backburner, Saudi Aramco is eyeing up Hyundai Heavy…
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Asia
Navigator orders midsize LPG carrier at Hyundai Mipo
Navigator Holdings has announced today that it has entered into a contract with Korea’s Hyundai Mipo Shipyard for the construction…
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Asia
Another fire at DSME kills one, injures seven
A fire broke out at Daewoo Shipbuilding & Marine Engineering’s Okpo Shipyard today, which has killed one worker. Another seven…
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Asia
Seoul denies it its trying to force Hanjin and HMM to merge
Following a local media report this morning that the government is set to discuss the merger of the nation’s top…
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Asia
Merger rumours send HMM and Hanjin share prices into a tailspin
Rumours on plans to merge South Korea’s top two shipping lines simply refuse to die down, the uncertainty plaguing the…
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Asia
DSME selling Seoul headquarters
As is common among struggling shipping-related firms in South Korea, the extremely centrally-located Seoul headquarters of Daewoo Shipbuilding & Marine…
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Asia
DSME to slash order intake by 20%
Daewoo Shipbuilding & Marine Engineering (DSME), one of the largest shipyards in the world, will cut the amount of orders…
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