The Korean Register of Shipping has become the latest and last remaining major classification society that has promised to stop certifying Iranian ships, specifically those of the Islamic Republic of...

By Alastair Gale A South Korean court handed down a 30-year prison term Thursday to a Chinese fisherman for the killing of a Korean coast guard officer late last year....

SEOUL (Dow Jones)–South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) and China’s Rilin Group will jointly invest in constructing an industrial complex in North Korea’s Hwanggeumpyong special economic district, The Dong-AIlbo...

U.S. classification society ABS has laid out initial plans for strengthening its ties to the Korean maritime industry, announcing today the society will be opening up its first ever energy...

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE), the world’s No. 3 shipbuilder by sales, said Thursday its second-quarter net profit fell 3.6% due to foreign-currency losses as a result of...

SEOUL (Dow Jones)–Hyundai Steel Co. (004020.SE), South Korea’s second-largest steelmaker by sales, said Thursday that it expects to win orders in the second half of the year to supply thick...

Image (c) Hyundai Heavy Industries SEOUL (Dow Jones)–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by orders, said Wednesday its second-quarter net profit fell 17% on year as high...