south korea

Monday, March 26, 2018

United States, South Korea Revise Trade Deal with Quotas on Korean Steel

By Hyunjoo Jin and Joyce Lee SEOUL, March 26 (Reuters) – The United States and South Korea agreed to revise a trade pact sharply criticized by U.S.

March 26, 2018
Total Views: 1

Wednesday, March 21, 2018
HEUNG-A container ship
Maritime News

Korean Carrier to Customers: We’re Not Sinking

By Mike Wackett (The Loadstar) – Another South Korean shipping line under financial pressure has had to write to customers to dispel market rumors of a

March 21, 2018
Total Views: 11

Friday, December 29, 2017
A Chinese flag is seen in front of the Friendship bridge over the Yalu River connecting the North Korean town of Sinuiju and Dandong in China
Maritime News

Trump Warns China After Seoul Seizes HK-Flagged Tanker Selling Oil To North Korea

by Philip Wen (Reuters) – China on Friday denied reports it has been illicitly selling oil products to North Korea after U.S. President Donald Trump said

December 29, 2017
Total Views: 4

Wednesday, December 20, 2017
Maritime News

Korea Coast Guard Fires Warning Shots to Fend Off Swarming Chinese Fishing Boats

By Hyonhee Shin SEOUL, Dec 20 (Reuters) – South Korea’s coast guard said it fired 249 warning shots over a group of Chinese fishing boats

December 20, 2017
Total Views: 35

Wednesday, October 18, 2017
Maritime News

U.S., South Korea Conduct Joint Navy Drills to Counter North’s Threat

SEOUL (Reuters) – South Korea and the United States began week-long joint Navy drills in the waters around the Korean peninsula on Monday, amid high

October 18, 2017
Total Views: 30

Monday, September 25, 2017

South Korea to Develop World’s Largest LNG-Powered Ship

South Korea’s Ministry of Oceans and Fisheries has announced a pilot program to build the world’s largest LNG-powered ship. The Ministry said

September 25, 2017
Total Views: 7

Tuesday, September 5, 2017
hyundai containership

HMM Confirms Order for Five VLCCs

South Korean shipping company Hyundai Merchant Marine has confirmed that it has signed a contract for the construction of at least five VLCCs at Daewoo

September 5, 2017
Total Views: 1

Wednesday, August 9, 2017
hyundai containership
Maritime News

Tradelane Rivalry May Scupper South Korean Shipping Alliance

By Mike Wackett (The Loadstar) Yesterday’s partnership agreement between 14 South Korean shipping lines falls far short of the consolidation needed to bring

August 9, 2017
Total Views: 11

Hyundai merchant marine ship

South Korean Shipping Lines Form Alliance

South Korea’s 14 domestic shipping lines launched a shipping alliance as predicted on Tuesday. The Korean Shipping Partnership (KSP) was announced by the

August 9, 2017
Total Views: 72

Friday, August 4, 2017
hyundai containership
Maritime News

Report: South Korea’s Shipping Lines to Form Alliance

South Korea’s shipping companies are preparing to launch a domestic shipping alliance to help the nation better compete in the global container shipping

August 4, 2017
Total Views: 14

Sunday, April 2, 2017

Uruguay Losing Hope For 22 Missing From Sunken Ore Carrier

by Matías Larramendi (Reuters) Uruguay’s navy said on Sunday it was losing hope of finding alive any of 22 crew members missing two days after a South

April 2, 2017
Total Views: 77

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 &

March 23, 2017
Total Views: 155

Sunday, March 19, 2017
Lifesaving Incidents

South Korea Starts Sewol Ferry Salvage Ops

By Suyeong Lee (Reuters) South Korea prepared on Sunday to raise the Sewol ferry that sank nearly three years ago, killing more than 300 people, most of them

March 19, 2017
Total Views: 81

Thursday, March 9, 2017

Cruise Giants Skip South Korea Amid Missile Defense System Deployment

BEIJING/SHANGHAI, March 9 (Reuters) – Global cruise giants Carnival Corp and Royal Caribbean Cruises Ltd will cancel South Korean port visits from their

March 9, 2017
Total Views: 46

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 —

March 3, 2017
Total Views: 18

Friday, December 23, 2016
Maritime News

More Asian Defaults Loom in 2017 Amid Korea Shipyard Debt

By Jung Park (Bloomberg) — As if investors in Asia’s troubled corporate bond markets don’t have enough to worry about, concern is mounting about

December 23, 2016
Total Views: 21

Saturday, December 10, 2016
hyundai heavy industries shipbuilding

Hyundai Heavy Lands $650 Million Ship Order from Iran -Yonhap

SEOUL, Dec 10 (Reuters) – South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran’s

December 10, 2016
Total Views: 57

Tuesday, November 15, 2016
Shipyard of Hyundai Heavy Industries

World’s No. 1 Shipbuilder, Hyundai Heavy Industries, Announces Four-Way Split

SEOUL, Nov 15 (Reuters) – South Korea’s Hyundai Heavy Industries is being split into four companies, with its non-shipbuilding businesses being

November 15, 2016
Total Views: 19

Sunday, October 30, 2016
Samsung Heavy Industries Shipbuilding (Geoje, South Korea)
Maritime News

South Korea to Spend $10 Billion to Boost Local Shipbuilers

By Jiyeun Lee, Kanga Kong and Kyunghee Park (Bloomberg) — South Korea, home to the world’s three biggest shipbuilders, plans to spend about 11

October 30, 2016
Total Views: 88

Maritime News

South Korea to Create State-Backed Ship Financing Company

By Joyce Lee and Cynthia Kim SEOUL, Oct 31 (Reuters) – South Korea said on Monday it plans to establish a state-backed ship financing company with an

October 30, 2016
Total Views: 4