India plans to form an alliance with Japan and South Korea to buy liquefied natural gas (LNG) at 'reasonable prices', the country's oil minister Dharmendra Pradhan said. India may soon rope China into the alliance as well, he said. A…
South Korea will pump $9.5bn (11 trillion won) into state-run policy lenders reeling from huge losses on loans made to the beleaguered shipbuilding and shipping sectors to help them deal with further corporate distress, says FT. South Korea's…
Damen Shipyards Group has sold a Fast Ferry 4212 to South Korean ferry operator DAEA Express Shipping. The vessel, named Sea Flower, is the fourth ferry of this design that Damen has sold in the last five years to companies operating on the east coast of the Korean peninsula…
South Korea will host a six-nation submarine exercise in its southern seas later in the month, Yonhap quoted the Navy as saying. The Pacific Reach 2016, involving the United States, Japan, Australia, Singapore, Malaysia and South Korea…
South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder, has received a contract termination for three floating liquefied natural gas (FLNG) units from oil and gas giant Royal Dutch Shell Plc. The deal for the three vessels…
South Korean companies are briskly moving to tap into Iran's fast-growing shipping industry, regarding the Iranian boom as a breakthrough to their prolonged business slump amid the global economic slowdown. According to IRNA, the head…
As the Korea government is pushing for restructuring of the faltering shipbuilding industry, speculation grows over a possible merger between the country’s two major shipbuilders — Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering…
Hyundai Heavy Industries (HHI) launched the Republic of Korea Navy’s (ROKN) seventh Son Won II-class (Type 214) diesel-electric air-independent propulsion submarine on April 5. The launching ceremony of the Son Won-II-class (also referred…
South Korean defense contractor Daewoo Shipbuilding and Marine Engineering (DSME) launched the first out of three Type 209/1400 Chang Bogo-class (a license-built variant of the 209) diesel-electric attack submarines for service in the Indonesian Navy…
South Korean maritime police on Wednesday withdrew divers after they failed to find at least five people believed to be trapped inside a Chinese fishing boat that capsized near a small southwestern island off South Korea on Wednesday, reports AP…
The South Korean government will create a US$1.2 billion ship investment fund to aid the shipping industry which has been struggling due to decreasing global trade. A report by South Korea's Yonhap News Agency said the fund will help shippers buy and sell vessels with less financial risk…
China and South Korea held a key meeting seeking to resolve boundary issues in the Yellow Sea. The Chinese delegation was led by Vice Foreign Minister Liu Zhenmin while South Korea was represented by 2nd Vice Foreign Minister Cho Tae-yul…
China’s Foreign Ministry has confirmed that China and South Korea will hold their first round of talks on maritime delimitation over the Yellow Sea in the South Korean capital of Seoul on December 22. The talks, led by South Korean Second…
The Danish-South Korean Green Growth Alliance met for roundtable talks yesterday. The Minister for Business and Growth's meeting with the South Korean Minister of Oceans and Fisheries is important for further developing the close co-operation…
Korea and Denmark both have ambitious national plans for a transition to greener and more energy efficient economies. The Danish-South Korean Green Growth Alliance met for roundtable talks. The Minister for Business and Growth’s meeting…
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