Join our crew and become one of the 106,385 members that receive our newsletter.

south korea


Thursday, June 9, 2016
hyundai heavy industries shipbuilding
Maritime News

Battered Korean Yards Battle Slump With State-Led Overhaul

By Kyunghee Park (Bloomberg) — The world’s three biggest shipyards, battered by the deepest industry slump in at least two decades, are getting a

June 9, 2016
Total Views: 9

Wednesday, June 8, 2016
hyundai merchant marine
Maritime News

Hyundai Merchant Marine Falls on Concern Over Debt Plan

By Nikita Mathur and Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s second-biggest shipping company, fell the most in three

June 8, 2016
Total Views: 32

Wednesday, June 1, 2016
South Korean Shipbuilders Approved for Asset Sales, Cost Cuts
Maritime News

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

June 1, 2016
Total Views: 2

Tuesday, May 31, 2016
South Korean Shipbuilding Hub Battens Down the Hatches as Orderbooks Shrink
Maritime News

South Korean Shipbuilding Hub Battens Down the Hatches as Orderbooks Shrink

By Joyce Lee GEOJE, South Korea, June 1 (Reuters) – Geoje Island, off the southeastern tip of the Korean peninsula, appears as prosperous as ever:

May 31, 2016
Total Views: 8

Monday, May 30, 2016
STX Offshore Files for Court’s Aid Amid Korean Industry Woes
Maritime News

STX Offshore Files for Court’s Aid Amid Korean Industry Woes

By Kyunghee Park (Bloomberg) — South Korean shipbuilder STX Offshore & Shipbuilding Co. filed for court protection, the latest trouble to surface in

May 30, 2016
Total Views: 29

Wednesday, May 18, 2016
A worker near a ship under construction at Hyundai Heavy Industries' Shipyard in Ulsan, South Korea, May 13, 2015. REUTERS/Kim Hong-Ji/File Photo
Maritime News

Mass Layoffs Loom in South Korea as Corporate Revamp Starts

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

May 18, 2016
Total Views: 11

Thursday, May 12, 2016
As Korean Shipyards Founder, Central Bank Dragged Into Rescue Bid
Maritime News

As Korean Shipyards Founder, Central Bank Dragged Into Rescue Bid

By Christine Kim SEOUL, May 12 (Reuters) – They are South Korea’s “too-big-to-fail” firms – the world’s largest

May 12, 2016
Total Views: 22

Wednesday, May 4, 2016
DSME Shipyard South Korea
News

DSME Posts Operating Loss on Offshore Costs

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder, posted a first-quarter loss

May 4, 2016
Total Views: 39

Monday, May 2, 2016
GPS satellite
News

South Korea Revives GPS Backup Project After Blaming North for Jamming

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

May 2, 2016
Total Views: 26

Thursday, April 28, 2016
Samsung Heavy Industries Shipbuilding (Geoje, South Korea)
Offshore

Samsung Heavy Industries Loses $4.6 Billion Shell Order

By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder, said an order to build three floating liquefied

April 28, 2016
Total Views: 78

Tuesday, April 26, 2016
DSME Shipyard South Korea
Maritime News

South Korea Vows More Steps in Revamp of Ailing Shipbuilders

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

April 26, 2016
Total Views: 5

Tuesday, March 8, 2016
South Korea Bans Ships Calling at Northern Ports Under New Sanctions
Maritime News

South Korea Bans Ships Calling at Northern Ports Under New Sanctions

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

March 8, 2016
Total Views: 19

Monday, January 4, 2016
Samsung Heavy Industries Shipbuilding (Geoje, South Korea)
Interesting

Asian Shipyards Face Tough Year in 2016

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

January 4, 2016
Total Views: 6

Wednesday, December 2, 2015
South Korean Amphibious Landing Ship
Navy

SPOTD: Amphibious Battle Tank Transport Ship Sungoonbang

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

December 2, 2015
Total Views: 682

Wednesday, November 18, 2015
STX Offshore & Shipbuilding Fighting for Survival
Maritime News

STX Offshore & Shipbuilding Fighting for Survival

South Korean shipbuilder STX Offshore & Shipbuilding is taking drastic measures to ensure its survival beyond mid-2016 as newbuild orders plunge and

November 18, 2015
Total Views: 24

Monday, November 16, 2015
Hanjin shipping
Maritime News

Hanjin Shares Crushed on Lower Rating

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co., South Korea’s biggest shipping company, dropped to its lowest level on record after Korea Ratings

November 16, 2015
Total Views: 35

Thursday, October 29, 2015
DSME shipyard
Maritime News

DSME Gets $3.7 Billion Bailout

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipyard, rose the most in two months in

October 29, 2015
Total Views: 16

Monday, October 26, 2015
hyundai heavy industries
Maritime News

Korean Shipyards – Afloat, But Taking On Water

  By David Fickling (Bloomberg View) — Things had been looking more hopeful for Korea’s three largest shipbuilders, until today. After seven

October 26, 2015
Total Views: 64

Sunday, September 6, 2015
At Least 10 Dead After South Korean Fishing Boat Capsizes
Maritime News

At Least 10 Dead After South Korean Fishing Boat Capsizes

  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

September 6, 2015
Total Views: 54

Monday, August 24, 2015
DSME shipyard
News

Fire at DSME Kills Two Shipyard Workers, Injures Seven

  Two shipyard workers were killed and seven others injured following a fire onboard a vessel under construction at Daewoo Shipbuilding and Marine

August 24, 2015
Total Views: 30
close

JOIN OUR CREW

Maritime and offshore news trusted by our 106,385 members delivered daily straight to your inbox.

Join Our Crew

Join the 106,385 members that receive our newsletter.