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Tag: South Korea

Tanker Fire Kills Two off South Korea

Maritime Accidents
Early Wednesday morning, a small tanker caught fire off the coast of Odong Island, South Korea, killing two and injuring one. 

Hyundai Heavy clinches official agreement with KDB for DSME takeover

General
South Korean shipbuilding major Hyundai Heavy Industries has signed an official contract with KDB today for the takeover DSME

Creditors Bail Out Hanjin Heavy Industries

General
The creditors of Hanjin Heavy Industries and Construction , the financially troubled South Korean shipbuilder

VIDEO: Cargoship with drunken Master hits bridge in Busan

Maritime Accidents
The Master of a Russian cargoship has been detained for sailing under the influence of alcohol after the vessel hit a bridge in Busan, South Korea.

KDB on standby to save Hanjin Heavy

NewBuilds
State-run Korea Development Bank is on standby once again to step in and save one of the nation’s shipbuilders.

Unions At HHI and DSME Protest Merger Agreement, Daewoo Shipbuilding and Marine Engineering

Business
Unions at HHI and DSME are contemplating a labor action to demand job security after the two giant conglomerates merge.

Hyundai Heavy Industries in Talks to Buy DSME

Business
Hyundai Heavy Industries (HHI) has reportedly expressed interest in taking over state-owned Daewoo Shipbuilding and Marine Engineering

Polaris Shipping to exit supramax sector

Merchant Navy
South Korea’s Polaris Shipping has put its only two supramaxes up for sale as a slew of much larger size newbuild vessels start to deliver into its fleet.

Samsung Heavy 2018 net loss widens on fewer orders

NewBuilds
South Korea’s major shipyard Samsung Heavy Industries Co. said that its net losses for 2018 grew 13.9 percent from a year

Bankrupt Hanjin Philippine yard draws Chinese interest

Business
The recent insolvency of the Philippine yard of South Korea’s Hanjin Heavy Industries & Construction (HHIC) has stirred interests of investment from Chinese

Great Ships 2018: BP’s British Partner

Oil & Gas
BP Shipping took delivery of British Partner, the first of a half dozen new 173,400 cu. m. capacity liquefied natural gas

EU, South Korea boost discussions on Free Trade Agreement

Business
On 6 December, the EU and South Korea discussed the South Korean shipping and shipbuilding
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