South Korean Shipbuilders Approved for Asset Sales, Cost Cuts
SEOUL, June 1 (Reuters) – The lead creditors of two of South Korea’s biggest shipbuilders have provisionally approved plans by Hyundai Heavy
SEOUL, June 1 (Reuters) – The lead creditors of two of South Korea’s biggest shipbuilders have provisionally approved plans by Hyundai Heavy
By Joyce Lee GEOJE, South Korea, June 1 (Reuters) – Geoje Island, off the southeastern tip of the Korean peninsula, appears as prosperous as ever:
By Kyunghee Park (Bloomberg) — South Korean shipbuilder STX Offshore & Shipbuilding Co. filed for court protection, the latest trouble to surface in
By Jiyeun Lee (Bloomberg) — The South Korean government’s push to restructure debt-laden companies is set to cost tens of thousands of workers their
By Christine Kim SEOUL, May 12 (Reuters) – They are South Korea’s “too-big-to-fail” firms – the world’s largest
By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder, posted a first-quarter loss
By Jack Kim and Jonathan Saul SEOUL/LONDON, May 2 (Reuters) – South Korea has revived a project to build a backup ship navigation system that would be
By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder, said an order to build three floating liquefied
By Heejin Kim and Kyunghee Park (Bloomberg) — South Korea said it will take more active steps to help the nation’s shipping and shipbuilding industries
By Jack Kim and Ju-min Park SEOUL, March 8 (Reuters) – South Korea said on Tuesday it would impose new sanctions against 40 individuals and 30 entities
By Kyunghee Park and Jonathan Burgos (Bloomberg) — For many Asian shipyards, 2015 was a brutal year. This year could be even worse. With oil prices
Today’s Ship Photo Of The Day shows the Korean Amphibious Ship (LST) Sungoonbang unloading a Republic of Korea Type 88 K1 Main Battle Tank during a 2004
South Korean shipbuilder STX Offshore & Shipbuilding is taking drastic measures to ensure its survival beyond mid-2016 as newbuild orders plunge and
By Kyunghee Park (Bloomberg) — Hanjin Shipping Co., South Korea’s biggest shipping company, dropped to its lowest level on record after Korea Ratings
By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipyard, rose the most in two months in
By David Fickling (Bloomberg View) — Things had been looking more hopeful for Korea’s three largest shipbuilders, until today. After seven
By Hooyeon Kim SEOUL, Sept 6 (Reuters) – At least 10 people died and about eight were missing after a South Korean fishing boat capsized, a coast
Two shipyard workers were killed and seven others injured following a fire onboard a vessel under construction at Daewoo Shipbuilding and Marine
A team of divers began preliminary inspections of the sunken Sewol ferry in South Korea on Wednesday, marking the first on-site operations in the effort
By Rose Kim and Jungah Lee (Bloomberg) — The world’s three biggest shipbuilders posted a combined 4.8 trillion won ($4.1 billion) in operating
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