Cruise Companies Cancel Calls in South Korea

Amid the recent developments in South Korea, cruise giant Royal Caribbean has decided to cancel calls at the ...

read more →

New Carrier SM Shipping Starts First Service in March

SM Shipping, a new container carrier established by South Korea’s Samra Midas (SM) Group after the group ...

read more →

Report: Korea Shipping to Buy Up to 10 HMM Vessels

The state-backed ship financing company Korea Shipping is looking to buy up to ten container vessels operated by ...

read more →

Reports: Hanjin Shipping Liquidation Set for Feb 17

The rehabilitation process for the former South Korean shipping giant Hanjin Shipping is set to end on February 17, ...

read more →

Hapag-Lloyd Names Second 10,500 TEU Ship

German shipping company Hapag-Lloyd named its second new 10,500 TEU containership Cartagena Express at the Hyundai ...

read more →

Incheon Port Reaches 2.5 Million TEU Milestone

Container cargo volumes at South Korea’s Incheon Port exceeded 2.5 million TEUs for the first time ever. With ...

read more →

Report: Hyundai Heavy's Union Considering Strike

The labor union of South Korea’s shipbuilder Hyundai Heavy Industries (HHI) said that it would launch an ...

read more →

Hyundai Heavy to Split Its Businesses

One of South Korea’s Big Three shipbuilders, Hyundai Heavy Industries, is looking to reorganize its ...

read more →

Samsung Heavy Selling Shares to Raise Fresh Funds

South Korean shipbuilder Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.14 trillion (USD 997 ...

read more →

Report: South Korea to Provide Funding to Its Shipping Firms

South Korea’s government intends to provide funding of KRW 6.5 trillion (USD 5.7 billion) to help the ...

read more →

South Korea to Invest over USD 13 Bn in Port Expansions

South Korea has revealed its plans to invest some KRW 14.7 trillion (USD 13.3 billion) into the expansion of the ...

read more →

Hanjin Files for Court Receivership, HMM to Buy Its Assets

The financially troubled Hanjin Shipping has succumbed to the prolonged depression in the shipping market as the ...

read more →

Report: Hanjin Shipping Submits New Self-Rescue Plan

South Korean container carrier Hanjin Shipping has submitted a new self-rescue plan which would see the company ...

read more →

Samsung Heavy Selling Shares to Raise Close to USD 1 Bn

South Korea’s Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.1 trillion (USD 982.9 million) ...

read more →

Samsung Heavy Reduces Loss

One of South Korea’s biggest shipbuilders Samsung Heavy Industries reported a net loss of KRW 212.3 billion ...

read more →

South Korea's Big Three Lose 5,000 Workers

South Korea’s Big Three shipbuilders have cut their joint workforce by some 3,000 workers during the first ...

read more →

Hanjin Shipping to Sell Stake in US Container Terminal?

In an effort to boost its liquidity and reduce its quarterly loss, the South Korean shipping company Hanjin ...

read more →

Lawsuits Pile Up against Ailing STX Shipbuilding

South Korea’s financially troubled shipbuilder STX Offshore & Shipbuilding is facing some 25 civil ...

read more →

Court Starts STX Shipbuilding's Rehabilitation Process

Seoul Central District Court launched the corporate turnaround process at the South Korean shipbuilder STX Offshore ...

read more →

South Korean Shipyard Workers to Go on Joint Strike

Unionized workers at South Korea’s Big Three shipyards – Daewoo Shipbuilding & Marine Engineering ...

read more →

Hanjin Shipping Still in Talks on Charter Rate Cuts

South Korea’s cash-strapped company Hanjin Shipping has still not reached an agreement with shipowners on charter ...

read more →