The state-backed ship financing company Korea Shipping is looking to buy up to ten container vessels operated by Hyundai Merchant Marine (HMM), and lease them back to the shipping firm, says a report in Yonhap.
News ID: 72364 Publish Date : 2017/02/15
As global energy demand rises, the market for LNG continues to expand. Set to increase by 50 percent between 2015 and 2020, the LNG market is one of the fastest growing in the world.
News ID: 72308 Publish Date : 2017/02/13
In 2017:
The bankruptcy of South Korea’s Hanjin Shipping Co. and a consolidation in container shipping industry will pave the way for a better 2017 for the industry, according to Robbert van Trooijen, the Asia-Pacific chief of Maersk Line.
News ID: 72280 Publish Date : 2017/02/13
A new study for the European Commission compiles data and information on fisheries subsidies within six of the world's major fishing countries: Japan, South Korea, Taiwan, China, Russia and the United States.
News ID: 71977 Publish Date : 2017/01/30
Maersk Line is the largest operator of former Hanjin Shipping vessels but more than two-thirds of the vessels from the bankrupt company’s fleet remain inactive according to Drewry.
News ID: 71971 Publish Date : 2017/01/30
South Korea’s Samsung Heavy Industries (SHI) has set itself a goal of achieving more than $6bn in orderbook in 2017, reports said.
News ID: 71598 Publish Date : 2017/01/16
THE South Korean government is looking to set up a fund of around Won100bn ($83.7m) to provide financial aid to the domestic cruise industry as it seeks to ramp up cruise tourism volumes.
News ID: 71587 Publish Date : 2017/01/16
2016:
Just 149 merchant ship orders (comprising bulk carriers, oil and products tankers and container ships) were placed in 2016, as shipbuilders in the powerhouse nations of China and Japan saw a sharp drop in contracting, according to IHS Maritime and Trade newbuilding data.
News ID: 71544 Publish Date : 2017/01/14
South Korea’s Saemangeum Development and Investment Agency has announced plans for a 96.8MW offshore wind farm that will also include tourist attractions.
News ID: 71481 Publish Date : 2017/01/11
The state-run Korea Development Bank (KDB) has increased its stake in the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME), according to a stock exchange filing.
News ID: 71363 Publish Date : 2017/01/04
South Korean container carrier Hyundai Merchant Marine (HMM) has reached an agreement with its compatriots Heung-A Shipping and Sinokor Merchant Marine to form an HMM + K2 consortium.
News ID: 71344 Publish Date : 2017/01/03
The shareholders of the South Korean shipping company Korea Line Corp., part of SM Group, have refused to approve the purchase of Hanjin Shipping’s Asia-US route network, according to Yonhap News Agency.
News ID: 71339 Publish Date : 2017/01/03
South Korea’s Busan Port Authority (BPA) has signed a memorandum of understanding with Korea Oil Supply Shipowner’s Association (KOSSA) on the prevention of marine pollution.
News ID: 71328 Publish Date : 2017/01/03
DP World has acquired an additional 23.94% stake in Pusan Newport Company Limited (PNC) in South Korea from Samsung Corporation & Subsidiaries.
News ID: 71256 Publish Date : 2017/01/01
As part of the agreement to sell its stake in Total Terminals International (TTI), the bankrupt South Korean carrier Hanjin Shipping is also shedding its operations in the port of Seattle.
News ID: 71253 Publish Date : 2016/12/31
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) and Industrial Development and Renovation Organization of Iran (IDRO) have agreed a mutual cooperation related to the Iranian shipbuilding industry.
News ID: 71251 Publish Date : 2016/12/31
South Korean ocean carrier Hyundai Merchant Marine (HMM) is still in the running to buy a majority stake in an operator of a container terminal at California’s Port of Long Beach, currently held by its bankrupt compatriot Hanjin Shipping.
News ID: 70980 Publish Date : 2016/12/20
During the City Trade Mission to Seoul, Antwerp Port Authority signed a Memorandum of Understanding with KITA, the Korea International Trade Association. With 77,000 member companies KITA represents Korea's international trading community.
News ID: 70885 Publish Date : 2016/12/15
Hanjin’s Stake in US Terminal:
South Korean shipping company Korea Line Corp., part of SM Group, has decided to withdraw from the race for Hanjin Shipping’s stake in US Port of Long Beach container terminal
News ID: 70738 Publish Date : 2016/12/07
South Korea’s Samsung Heavy Industries (SHI) has terminated a contract for the construction of a liquefied natural gas (LNG) floating production and storage (FPSO) unit the shipbuilder signed with an European buyer back in January 2009.
News ID: 70636 Publish Date : 2016/12/04