south korea

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

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

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

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

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

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

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

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

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

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

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

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

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

By Kyunghee Park and Jung Park (Bloomberg) — Last August, the Korea Development Bank left cash-strapped Hanjin Shipping Co. adrift at sea —

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

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

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

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

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

By Kyunghee Park (Bloomberg) — South Korea’s shipbuilding industry — home to the world’s top three manufacturers — has eliminated