South Korea
-
Asia
Hyundai Glovis wins $500m COA from Qatar
Qatar Primary Materials Co (QPMC) has contracted Hyundai Glovis to carry 50m tons of aggregates from the UAE and Oman…
Read More » -
Asia
Navibulgar tipped to take on two more handy bulk carriers
Samsun Logix Corporation is trimming its smallest bulkers from its fleet list. Brokers report the Korean company, which is going…
Read More » -
Asia
Hanjin Shipping ready to sever non-container links in liquidity drive
Hanjin Shipping is looking to sever its non-container links to raise much needed cash. South Korea’s top containerline is looking…
Read More » -
Asia
BW back at DSME for LNG pair
South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) has confirmed that Singapore’s BW Group has signed for two 173,400…
Read More » -
Asia
Namsung takes two more boxships at Hyundai Mipo
Hyundai Mipo Dockyard will build two feeder boxships for fellow South Korean firm Namsung Shipping. The 1,600 teu ships will…
Read More » -
Asia
Parliament investigates corruption at cash strapped DSME
South Korea’s parliament has started an investigation into how one of the nation’s largest shipbuilders has suffered such a swift…
Read More » -
Asia
Sale of shipbuilder SPP to start in earnest next month
The main creditor of South Korea’s SPP Shipbuilding will look to offload the yard next month. Woori Bank will send…
Read More » -
Asia
DSME lends $114.5m to SBM Shipyard
Daewoo Shipbuilding & Marine Engineering (DSME) is to lend a total of KRW 133bn ($114.5m) to SBM Shipyard to extend repayment…
Read More » -
Asia
Two LPG carriers ordered at DSME
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for two large LPG carriers from an undisclosed…
Read More » -
Asia
Samsung merger back on the cards
An on/off merger between two parts of the Samsung empire looks possible again. Samsung Engineering CEO Park Jung-heum has said…
Read More » -
Asia
Franklin Templeton ups DSME stake
Daewoo Shipbuilding & Marine Engineering (DSME) announced yesterday investment firm Franklin Templeton Investments Singapore has taken advantage of the Korean…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »