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 ...

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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 ...

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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 ...

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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 ...

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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) ...

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Samsung Heavy Reduces Loss

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

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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 ...

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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 ...

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Lawsuits Pile Up against Ailing STX Shipbuilding

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

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Court Starts STX Shipbuilding's Rehabilitation Process

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

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South Korean Shipyard Workers to Go on Joint Strike

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

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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 ...

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Navig8 Product Tankers Adds New LR1 Ship

Shipping company Navig8 Product Tankers, a joint venture between the Navig8 Group and DVB Bank, has taken delivery ...

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DSME's Former CEO Questioned over Accounting Fraud

The former Chief Executive Officer of Daewoo Shipbuilding & Marine Engineering (DSME), Ko Jae-ho, was called in ...

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Hanjin Shipping Negotiating Debt Repayment Delay

Due to a prolonged period of slowdown in the shipping industry, South Korea’s cash-strapped company Hanjin Shipping ...

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Korea's Big Three to Lose State Aid if Restructurings Fail?

South Korea’s three major shipbuilders could be exempt from the government’s plan to inject KRW 750 ...

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Loss of Hanjin and HMM Carries Multi-Billion Price Tag

South Korea’s economy would be hit by damages in the amount of some USD 19.1 billion if the country ...

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Korean Banks Hit Hard by Shipbuilding Woes

After South Korea launched a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks, the ...

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Weather Hampers Sewol Salvage, Ops to Resume Next Week

The salvage teams are scheduled to continue their operations on the sunken Sewol ferry off South Korea’s southern ...

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SHI Lays Out Restructuring Plans

South Korea’s Samsung Heavy Industries (SHI) has unveiled details of its self-restructuring plan which ...

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DSME Workers Vote for Walkout

The unionized workers at the financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine ...

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