South Korea
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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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Asia
Samsung Heavy Industries tipped to take over Sungdong
Seoul: Korean shipbuilding heavyweight Samsung Heavy Industries is being widely tipped in Seoul business circles at taking over the management…
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Europe
Romania’s largest shipyard faces liquidation in wake of DSME’s demise
Seoul: Financially troubled Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) will be forced to liquidate its overseas subsidiaries…
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Asia
Pan Ocean seeks end of court rehab
Seoul: Under its new owners, the rejuevenated Korean line Pan Ocean has filed with a court in Seoul to finish…
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Asia
Korean banks rush to help out debt-laden DSME
Seoul: Korean banks are rushing to the aid of one of the nation’s top shipyards. Daewoo Shipbuilding & Marine Engineering…
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Asia
Korea to develop own LNG containment system
Seoul: Korea Inc is finally getting around to developing its own LNG containment system, something that has been discussed for…
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Asia
Offshore gamble hurting Korean trio
It was around a decade that Korean’s big three shipbuilders – Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and…
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Asia
Harim Group rings the changes at Pan Ocean
Seoul: Management changes have been made at South Korea’s Pan Ocean now that poultry processor Harim Group has completed its…
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Europe
Chandris orders LNG carrier at Daewoo
Athens: Greek shipowner Chandris has ordered another large LNG carrier from Daewoo Shipbuilding & Marine Engineering (DSME), South Korea. The 173,400-cbm…
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Tankers
Sinokor charters two VLCCS to Shell
Athens: South Korea’s Sinokor has fixed two VLCCs to Shell on two-year timecharters. Baltic Glory (309,400 dwt, built 2005) and…
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