South Korea
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Containers
Pan Ocean parent lodges bid for HMM
A second suitor has emerged lining up bids for HMM, South Korea’s flagship carrier. Harim Group, which controls local owner…
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Renewables
Hyundai Mipo to spearhead Korean CSOV development
Hyundai Mipo Dockyard is pressing ahead with plans to develop ships for the burgeoning offshore wind sector. South Korean yard…
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Tankers
Prices for older VLCCs falling fast
For older VLCCs, prices are falling fast. The latest rusty tanker deal filling up broking reports is a sale by…
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Tankers
Atlas Maritime switches to suezmax newbuilds
Greece’s Atlas Maritime has put its recent strong tanker earnings to good use, having invested in up to four suezmax…
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Containers
SM Group boss sets HMM purchase price
SM Group is ready to bid up to $3.5bn to take over compatriot liner HMM, but will walk away from…
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Shipyards
Capital Maritime orders world’s largest LCO2 carriers from Hyundai
HD Korea Shipbuilding & Marine Engineering, a subsidiary of HD Hyundai, has won an order for two world’s largest liquefied…
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Gas
Solvang orders VLGC trio in South Korea
Norwegian gas shipowner Solvang has placed an order at HD Hyundai Heavy Industries for the construction of three 88,000 cu…
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Gas
NYK linked to Hyundai Samho LNG orders
Nippon Yusen Kaisha (NYK) has been named as the owner behind a recent big-ticket LNG order in South Korea. Clarksons…
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Tech
Autonomous navigation voyage between Korea and Taiwan completed
South Korean shipbuilder Samsung Heavy Industries has successfully demonstrated autonomous vessel navigation from South Korea to Taiwan, marking an industry…
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Containers
MSC bags Sinokor resales
Mediterranean Shipping Co (MSC), the world’s largest containerline, has pounced for a pair of boxship resales in South Korea. Alphaliner…
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Offshore
HD Hyundai wins construction deal for Mexican offshore FPU
South Korea’s HD Hyundai, formerly known as Hyundai Heavy Industries, has won a deal to build a floating production unit…
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Renewables
CIP to invest $350m in South Korean offshore wind
Copenhagen Infrastructure Partners will invest $350m into offshore wind projects in South Korea. The investments will support the development and…
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Offshore
Kim Heng inks MoU for development of South Korean offshore wind projects
Kim Heng has inked a non-binding memorandum of understanding with KOMS Co. Ltd. to cooperate on offshore wind farm projects…
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Gas
HMM makes $233m bid to buy back Hyundai LNG Shipping
HMM, South Korea’s flagship carrier, has made a bid to reenter the gas trades, tabling KWN300bn ($233m) to take over…
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Finance and Insurance
Wilhelmsen moves to take full control of Hyundai Glovis investment vehicle
Norway’s Wilh. Wilhelmsen Holding has moved to take full control of its majority-owned investment vehicle Treasure, which holds a major…
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Environment
Landmark lifecycle assessment set to be carried out on Knutsen LNG carrier
An important study, long called for by environmentalists, will get underway shortly – shipping’s first-ever full cradle-to-grave lifecycle assessment of…
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Gas
Revolutionary multi-gas carrier design revealed
More ships in the future are primed to carry multiple cargoes. At the Nor-Shipping trade fair yesterday, Lloyd’s Register (LR)…
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Shipyards
Labour-starved Korean shipyards spread recruitment net to landlocked Nepal
An acute labour shortage is leading to project delays at Korean shipyards and the nation is looking further and further…
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Tankers
Simatech books Mipo MRs
In the tanker sector, Simatech has declared options for a pair of 52,000 dwt MR tankers at Korean yard Hyundai…
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Containers
Renault switches from pricey car carriers to containers for shipments out of Busan
Contrasting ship sector fortunes have been reflected in South Korea where French automotive giant Renault has started shipping brand new…
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