Tuesday, September 14, 2021
Vladimir Rusanov tanker

MOL to Charter Four Fuel-Efficient Newbuild LNG Carriers to Novatek

Tokyo-based Mitsui O.S.K. Lines has signed time charter agreements for four newbuild LNG carriers with a unit of Russian natural gas produce Novatek. The vessels will be constructed at Daewoo...

September 14, 2021
Total Views: 752

Thursday, March 25, 2021
Maersk Megaship Shipyard Build

Orders for Mega Containerships Rise Despite Suez Crisis

How big is too big? By Kyunghee Park (Bloomberg) A huge container ship blocking one of the world’s busiest waterways has done little to deter shipping companies from ordering similarly...

March 25, 2021
Total Views: 2247

Monday, February 8, 2021
AFIF Hapag-Lloyd

Hapag-Lloyd Secures Green Financing for Six 23,500 TEU Newbuilds

Hapag-Lloyd says it has concluded its first ever green financing deals for six ultra-large containerships currently on order. The two transactions include a syndicated green loan of $417 with a...

February 8, 2021
Total Views: 1895

Wednesday, December 23, 2020
hapag-lloyd ship

Hapag-Lloyd Orders Six Ultra-Large Containerships at DSME

German liner shipping company Hapag-Lloyd has placed an order for six Ultra Large Container Vessels at South Korea’s Daewoo Shipbuilding & Marine Engineering. The vessels will have capacity of more...

December 23, 2020
Total Views: 7798

Thursday, April 2, 2020
daewoo shipbuilding
Maritime News

EU Antitrust Regulators Halt Hyundai, Daewoo Deal Probe

BRUSSELS, April 2 (Reuters) – EU antitrust regulators have halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo while waiting for the...

April 2, 2020
Total Views: 20

Tuesday, December 17, 2019
daewoo shipbuilding
Maritime News

Hyundai Heavy’s $1.8 Billion Deal with DSME Hits EU Antitrust Hurdle

By Foo Yun Chee BRUSSELS, Dec 17 (Reuters) – World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival Daewoo could inflate prices, EU...

December 17, 2019
Total Views: 32

Thursday, January 31, 2019
hyundai heavy shipyard

South Korea to Combine World’s Two Biggest Shipbuilders in $2 Billion Deal

By Hyunjoo Jin SEOUL, Jan 31 (Reuters) – Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take...

January 31, 2019
Total Views: 123

Wednesday, January 30, 2019
daewoo shipbuilding
Maritime News

Hyundai Heavy Seeks Stake in Rival DSME -Official

SEOUL, Jan 30 (Reuters) – South Korea’s Hyundai Heavy Industries Group, the world’s biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a...

January 30, 2019
Total Views: 10

Wednesday, May 9, 2018
seadrill drillship

John Fredriksen’s Northern Drilling Snaps Up Newbuild Drillships on the Cheap

John Fredriksen-controlled Northern Drilling has entered into agreements to acquire two newbuild ultra-deepwater drillships from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) for the bargain price of just US...

May 9, 2018
Total Views: 16

Tuesday, October 31, 2017
daewoo shipbuilding
Maritime News

DSME Warship Blueprints Stolen in North Korea Hack -S.Korea Lawmaker

By Haejin Choi SEOUL, Oct 31 (Reuters) – North Korea probably stole South Korean warship blueprints after hacking into Daewoo Shipbuilding & Marine Engineering Co Ltd’s database in April last...

October 31, 2017
Total Views: 32

Thursday, September 21, 2017

MSC Confirms Order for Eleven 22,000 TEU Containerships

On the heels of CMA CGM’s order for nine record-breaking 22,000 TEU containerships, Mediterranean Shipping Company has confirmed it has placed its own order for eleven new vessels each with...

September 21, 2017
Total Views: 33

Tuesday, April 18, 2017
daewoo shipbuilding bailout

Daewoo Shipbuilding & Marine Engineering Unlocks $2.6 Billion Bailout

By Joyce Lee SEOUL, April 18 (Reuters) – South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd has won near unanimous agreement from bondholders to swap their debt for equity,...

April 18, 2017
Total Views: 3

Monday, April 17, 2017
daewoo shipbuilding
Maritime News

Daewoo Shipbuilding Bondholders Accept Bailout Plan Following Pension Fund Agreement

By Joyce Lee SEOUL, April 17 (Reuters) – South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd on Monday won near unanimous approval for a debt-to-equity swap plan in the...

April 17, 2017
Total Views: 1

Maritime News

DSME Bailout Plan Cleared by Pension Fund

By Jung Park and Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s largest shipbuilder, won a reprieve from major bondholder National Pension Service and other lenders, helping...

April 17, 2017
Total Views: 0

Tuesday, April 11, 2017

Time Running Out for Top Shipbuilder as Lenders Argue

By Abhishek Vishnoi, Kyunghee Park and Jung Park (Bloomberg) — South Korea’s National Pension Service has a decision to make — help the world’s biggest shipmaker survive, or let it die....

April 11, 2017
Total Views: 76

Monday, April 3, 2017
DSME Shipyard South Korea
Maritime News

Opinion: Zombie Companies (Like DSME) Threaten to Eat Asia’s Future

By Michael Schuman (Bloomberg View) — Any horror aficionado knows that the only good zombie is a dead zombie. Don’t risk trying to bring one back to life. It’ll just...

April 3, 2017
Total Views: 2

Friday, March 24, 2017
Maritime News

DSME CEO Says Should Step Down if Shipbuilder Can’t Turn Profit

By Joyce Lee SEOUL, March 24 (Reuters) – Daewoo Shipbuilding & Marine Engineering Co Ltd’s CEO Jung Sung-leep said he believes he should step down from the top position if...

March 24, 2017
Total Views: 26

Thursday, March 23, 2017
daewoo shipbuilding

DSME Gets Fresh $2.6 Billion Bailout

By Joyce Lee SEOUL, March 23 (Reuters) – South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd, which has...

March 23, 2017
Total Views: 92

Friday, March 3, 2017
DSME Shipyard South Korea
Maritime News

Where South Korea’s Teetering, Debt-Laden Companies Go to Bank

By Kyunghee Park and Jung Park (Bloomberg) — Last August, the Korea Development Bank left cash-strapped Hanjin Shipping Co. adrift at sea — literally. South Korea’s state-owned lender, the nation’s largest...

March 3, 2017
Total Views: 6

Tuesday, December 6, 2016
Maritime News

Atwood Drillships Delayed Two Years at DSME

Houston-headquartered offshore drilling contractor Atwood Oceanics announced Tuesday it has reached an agreement with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering to postpone the delivery of two newbuild ultra-deepwater...

December 6, 2016
Total Views: 29