Impact of Smart Ships on Seafarers

The smart ship revolution brings a myriad of challenges for seafarers

South Korea, Iran Set Up Regular Container Service

A regular container service connecting Korean Incheon Port directly to the Middle East has been launched, with ...

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Court Gives Nod to STX Shipbuilding’s Receivership

South Korean shipbuilding company STX Offshore & Shipbuilding Co. has received approval to go into court ...

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Iran Ordering USD 2.4 Bn Worth of Ships in Korea

Iran has been linked to shipbuilding orders worth up to USD 2.4 billion at South Korean yards, providing them with ...

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STX Shipbuilding Seeks Relief in Court Receivership

South Korean cash-strapped shipbuilder STX Offshore & Shipbuilding Co. has filed for court receivership with ...

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STX Offshore & Shipbuilding Facing Court Receivership

Troubles for South Korean shipbuilders keep on coming the latest victim being STX Offshore & Shipbuilding Co. ...

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HMM Nets USD 570 Mn Debt-for-Equity Swap Deal

Struggling South Korean shipping company Hyundai Merchant Marine has concluded a deal with its creditors, led by ...

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European Shipyards Overtake Asian Counterparts in Q1

Shipyards in Europe received in the first quarter of 2016 more orders than their competitors in Asia, German ...

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No Deal on Charter Rate Cuts for HMM

Financially troubled South Korean shipping company Hyundai Merchant Marine (HMM) has failed to seal a deal with ...

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Samsung Heavy Hands In Its Self-Rescue Plan to KDB

South Korean shipbuilder Samsung Heavy Industries (SHI) has submitted its self-rescue plan to its main creditor, ...

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Hanjin, HMM Bleed Red in Q1

South Korean financially-troubled container shipping companies Hanjin Shipping and Hyundai Merchant Marine (HMM) ...

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Korea Overhauling Its Ailing Shipping, Shipbuilding Sectors

South Korean government is launching a corporate restructuring plan targeting its financially-troubled industries, ...

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DSME to Do Its Utmost to End the Dry Spell

South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) will do everything possible to ...

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SK Shipping Linked to Tax Evasion Inspection

South Korean shipping company SK Shipping Co. is reported to be under investigation by the country’s National ...

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Hanjin to Sell Assets to Refinance Debt

Having been faced with ever tougher financial situation the South Korean shipping company Hanjin Shipping Co is ...

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CMA CGM Denies Talks with Korean Builders on New Boxships

French container shipping giant CMA CGM denied media reports on being in preliminary discussions with Korean ...

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Hanjin Heavy Pursues Debt Restructuring

South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) is seeking to restructure its debt with ...

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South Korea Setting Up USD 1.2 bn Shipping Fund

The South Korean government is planning to set up a USD 1.2 billion ship investment fund to boost its shipping ...

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Ship Finance Orders LR2 Product Carrier Duo

New York-listed Ship Finance International Limited has agreed to build two 114,000 dwt LR2 oil product carriers at ...

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EU, Korea Want FTA to Enter into Force by Year End

The European Union and South Korea have set sights on full entrance into force of the Free Trade Agreement at the ...

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HHI Workers Walk Out Again

Unionized workers of the South Korean shipbuilding giant Hyundai Heavy Industries (HHI) staged a partial strike ...

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Unions of Korean Top Three Shipbuilders Announce Strike

The labour unions of South Korea’s top three shipbuilders, Hyundai Heavy Industries (HHI), Daewoo ...

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