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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: 13

Hyundai merchant marine ship
News

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: 110

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
Interesting

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: 82

Thursday, March 23, 2017
daewoo shipbuilding
News

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: 170

Sunday, March 19, 2017
South Korea Starts Sewol Ferry Salvage Ops
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: 87

Thursday, March 9, 2017
Cruise Giants Skip South Korea Amid Missile Defense System Deployment
News

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: 48

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: 23

Friday, December 23, 2016
More Asian Defaults Loom in 2017 Amid Korea Shipyard Debt
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: 25

Saturday, December 10, 2016
hyundai heavy industries shipbuilding
News

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: 58

Tuesday, November 15, 2016
Shipyard of Hyundai Heavy Industries
Interesting

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: 22

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: 90

South Korea to Create State-Backed Ship Financing Company
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: 9

Tuesday, October 25, 2016
hyundai heavy shipyard
Maritime News

After 20,000 Job Cuts, World’s Biggest Shipyards Brace for Even More

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

October 25, 2016
Total Views: 72

Monday, August 29, 2016
Sewol Ferry Fallout Puts Jeopdae In Jeopardy
Finance

Sewol Ferry Fallout Puts Jeopdae In Jeopardy

by Jiyeun Lee (Bloomberg) Extravagant dinners with whiskey and wine, golfing weekends, pricey beef and seafood gift sets. South Korean companies are trying to

August 29, 2016
Total Views: 23

Friday, August 19, 2016
samsung-heavy-drillship-construction
Shipbuilding

Samsung Heavy Raises Nearly $1 Billion

By Joyce Lee (Reuters)  South Korea’s Samsung Heavy Industries Co Ltd said on Friday its board of directors have approved a plan to raise about 1.1

August 19, 2016
Total Views: 19

Friday, July 29, 2016
samsung-heavy-drillship-construction
Shipbuilding

Samsung Heavy Stock Down On Heavy Loss

by Kyunghee Park (Bloomberg) Samsung Heavy Industries Co., the world’s third-largest shipbuilder, reported a quarterly loss that was bigger than estimates as

July 29, 2016
Total Views: 20

Monday, June 20, 2016
Fishing vessel offshore
Maritime News

Fishermen Held Over Killing of Captain, Engineer Off South Korea

SEOUL, June 20 (Reuters) – Two Vietnamese crewmen on a South Korean fishing vessel in the Indian Ocean have allegedly stabbed and killed the ship’s

June 20, 2016
Total Views: 7

Wednesday, June 15, 2016
DSME Shipyard South Korea
News

Korean Banks Holed Below the Waterline by Shipping Debt

By Christopher Langner (Bloomberg) — Now, the ship really has sailed. After kicking the can down the waterway for a few years, Korean banks will have to

June 15, 2016
Total Views: 9

Tuesday, June 14, 2016
Weather Hampers Lifting of Sewol Wreck in South Korea
Accidents

Weather Hampers Lifting of Sewol Wreck in South Korea

High waves have forced salvage crews to delay the operation to lift the sunken Sewol ferry in South Korea until later this month. The lifting of vessel kicked

June 14, 2016
Total Views: 77
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