South Korea
-
Asia
ShinaSB under the hammer again
Seoul: ShinaSB, a well known chemical tanker builder in Korea, is set for a second round of auctioning following the…
Read More » -
Containers
Maersk Line orders nine 14,000-teu boxships at Hyundai Heavy
Athens: Maersk Line has signed a $1.1bn deal with South Korea’s Hyundai Heavy Industries (HHI) for nine 14,000-teu containerships. The nine…
Read More » -
Asia
Samsun Logix bankrupt again
Seoul: For the second time in six years Korean dry bulk owner Samsun Logix has applied for rehabilitation at a…
Read More » -
Asia
Shell orders three FLNG units from Samsung in $4.7bn deal
Athens: Shell Gas & Power Developments has ordered three floating LNG units (FLNG) from South Korea’s Samsung Heavy Industries in a…
Read More » -
Asia
SK E&S tendering for LNG carriers
Seoul: SK E&S, an energy subsidiary of Korea’s SK Group, is tendering for four LNG carrier newbuilds to move shale…
Read More » -
Asia
Excelerate Energy cancels plans for $2bn FLNG order at Samsung Heavy
Athens: Houston-based Excelerate Energy has nixed its plans to order a $2bn floating liquefaction storage and offloading (FLSO) unit from Samsung Heavy…
Read More » -
Asia
Teekay’s three shuttle tankers to be built at Samsung
Athens: South Korea’s Samsung Heavy Industries is to build the three shuttle tankers ordered by Teekay Offshore Partners earlier this week.…
Read More » -
Containers
Maersk Line orders 11 ultra-large boxships from Daewoo for $1.8bn
Athens: Maersk Line has ordered eleven 19,630-teu containerships from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) in a deal…
Read More » -
Containers
Hanjin Heavy inks $68m order for two small containerships
Athens: An unnamed European shipowner has ordered two new boxships from South Korea’s Hanjin Heavy Industries for a combined price of…
Read More » -
Asia
HMM reportedly shelves sale of its dry bulk fleet
Seoul: Fresh from posting its first operating profit in five years, Korea’s Hyundai Merchant Marine (HMM) looks like it is…
Read More » -
Asia
HMM sells two VLCCs to Sinokor for $100m
Athens: South Korea’s Hyundai Merchant Marine has sold two VLCCs to its compatriot Sinokor for $50m each, brokers told Splash today. The Korean-built…
Read More » -
Asia
HMM cancels newcastlemax pair
Seoul: Amid the protracted dry bulk downturn South Korea’s Hyundai Merchant Marine has decided to cancel an order for two…
Read More » -
Asia
HMM negotiates dry bulk fleet sale with Taiwanese securities house
Seoul: The Seoul Economic Daily reports that Hyundai Merchant Marine (HMM) has entered negotiations with Taiwan securities house Yuanta to…
Read More » -
Asia
KSS Line secures second Trammo Gas charter
Seoul: KSS Line from South Korea has won a time charter contract from Houston-based ammonia trader, Trammo Gas. Trammo Navigation…
Read More » -
Asia
SK Shipping in the running for HMM’s bulkers
Seoul: Cash strapped Hyundai Merchant Marine (HMM) is willing to hear offers for its dry bulk division. The Seoul Economic…
Read More » -
Asia
Shina SB skirts with bankruptcy
Seoul: Shina SB will decide whether to continue under court receivership or declare bankruptcy this week. The yard entered a…
Read More » -
Asia
BW Pacific back at STX for two more LR1s
Seoul: STX Offshore & Shipbuilding has won an order for two LR1 tankers from repeat client BW Pacific. BW Pacific…
Read More » -
Asia
Record low rates claim another dry bulk scalp
Seoul: Record weak dry bulk freight rates have claimed a third shipping line victim of the year. Daebo International Shipping…
Read More » -
Europe
Sungdong building suezmaxes for Kyklades Maritime
Athens: Greece’s Kyklades Maritime has ordered up to five suezmax vessels from South Korea’s Sungdong Shipbuilding & Marine Engineering. The…
Read More » -
Containers
Cosmoship orders container vessels at DaeSun
Athens: Greece’s Cosmoship Management has placed orders for two 1,800-teu containerships, plus two options, at DaeSun Shipbuilding & Engineering in Busan, South Korea. DaeSun says it…
Read More »