South Korea
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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