Report: NPS to Find Common Ground with DSME Creditors

South Korea’s National Pension Service (NPS), one of the main debt holders of Daewoo Shipbuilding & Marine ...

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Sewol Wreck to Be Transported to Mokpo on March 30

The wreck of the ferry Sewol, which was lifted last week following overnight salvage operations, is expected to ...

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Korean Shipbuilders to Resume Building Container Cranes?

South Korean shipbuilders could see a return to the container crane market, Yonhap News Agency cited industry ...

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South Korea Lifts Sewol Wreck

The South Korean government managed to lift the wreck of the ferry Sewol in the morning hours of March 23 following ...

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South Korea to Recover Sewol Wreck in Early April

The wreck of the Sewol ferry, which sank almost three years ago with over 300 people on board, may emerge from the ...

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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 ...

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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 ...

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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 ...

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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, ...

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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 ...

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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 ...

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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 ...

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Hyundai Heavy to Split Its Businesses

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

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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 ...

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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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