LogIn LogOut

South Korea News

 

VLCC Rates Surge as U.S. Sanctions COSCO

Oct 04, 2019

Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said.South Korea's top refiner, SK Energy, tentatively chartered the supertanker Maxim to ship U.S. crude to South Korea in November for a record $10 million earlier in the week but that fixture has since failed, the sources said…

Pearlson Inks Shiplift Deal in South Korea

Oct 20, 2022

HL D&I Halla (Halla) and Pearlson Shiplift Corp. (PSC) signed a new multimillion-dollar contract for the design and build of a Shiplift System in South Korea. Upon completion, the shiplift system will support the Korean Coast Guard in the West Sea of Korea…

Schottel Expands in South Korea, Japan

Apr 28, 2022

The expansion of Schottel’s international network of subsidiaries developed further with the foundation of Schottel East Asia located near Busan. In addition to the growing market in South Korea, business development of the German propulsion expert will now also be intensified in Japan…

South Korea's July Exports Record Slowest Decline in Four Months

Aug 02, 2020

South Korean exports fell the slowest in four months and beat market expectations, data showed on Saturday, a further sign a recovery in Asia’s fourth-largest economy is gaining traction, although threats loom from global flare-ups in the COVID-19 pandemic…

DP World Acquires Majority Stake in UNICO Logistics

Jul 27, 2020

Dubai-based DP World said it has agreed to acquire a 60% stake in South Korea's UNICO Logistics Co. Ltd. as the firm continues its expansion across the worldwide end-to-end logistics supply chain. The transaction, subject to regulatory clearances…

Busan Builds Logistics Center in Rotterdam

Feb 27, 2020

South Korean port company Busan Port Authority (BPA) said that it signed a contract with Samsung SDS to operate a logistics center in Rotterdam.BPA will begin a construction of the logistics center in September this year and complete and operate it in around June 2021…

Northland Expands Offshore Wind Pipeline in Asia

Feb 24, 2020

Canadian power producer Northland Power will acquire Dado Ocean Wind Farm, a development company with multiple early-stage offshore wind development sites in South Korea.Dado Ocean is currently owned by Eui Jeong Hwang, a wind power developer…

S.Korea Announces $690M Shipping Aid

Feb 05, 2020

South Korea' Financial Services Commission has announced 820 billion won ($690 million)  in funding to help modernize aging passenger boats and cargo ships.According to a Yonhap, the package is meant to help smaller shipping companies build 59 new ships -- 21 passenger boats and 38 cargo vessels…

ONE: New S. Korea to N. Vietnam Service

Dec 20, 2019

Ocean Network Express (ONE) has announced details of the new Korea Haiphong Express (KHX) service. Connecting North Vietnam, South Korea and South China, the new KHX service offers improved service coverage and comprehensive port connections for ONE’s valued customers…

WiseTech Global Acquires Ready Korea

Dec 09, 2019

Global logistics software group, WiseTech Global has announced the acquisition of Ready Korea, a customs, bonded warehouse and trade compliance solutions provider in South Korea.Headquartered in Seoul, Ready Korea offers a cross-border compliance solution…

HHI Adds $1.2Bln to Coffer Selling Stake in Refining Unit

Nov 04, 2019

South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group said that its holding company HHI Holdings Co will receive 1.4 trillion won ($1.24 billion) in proceeds next month from the sale of a stake in its refining unit…

Hunter Group Takes Delivery of 3rd VLCC

Nov 01, 2019

Norwegian investment company Hunter Group said that its wholly owned subsidiary Hunter Tankers has taken delivery of its third newly built very large crude carrier (VLCC) and subsequently delivered it to its new owner.The new VLCC with hull number 5457…

South Korea to Slash Passenger Vessel Emissions with ABB

Sep 19, 2019

ABB will install Port of Incheon’s first shore-to-ship power solution, enabling passenger vessels to cut emissions, noise and vibrations at berthABB has secured the contract covering South Korea’s commitment to sustainable shore-to-ship power…

Evergreen Orders Ten Ships

Sep 17, 2019

Taiwanese shipping line Evergreen has confirmed its plans to build a total of ten 23,000 TEU containerships.According to a stock exchange filing, the new vessels would be built at three shipyards  in South Korea and China.According to the reports from the South China Morning Post…

eMARINE Global Wins ROK Navy Gig

Aug 30, 2019

The provider of information and communications technology (ICT) for the maritime industry eMARINE Global  signed a contract with the Republic of Korea Navy for the maintenance of its Anti-Submarine Warfare Team Trainer (ASWTT) at the Jin-Hae Naval Base…

Current News

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond

The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond

Woodside Sells 15.1% Scarborough Stake to JERA for $1.4B

Woodside Sells 15.1% Scarborough Stake to JERA for $1.4B

Floating Production – A Growing Segment in Transition

Floating Production – A Growing Segment in Transition

Are North Sea Jack-Ups Set for Flat 2024?

Are North Sea Jack-Ups Set for Flat 2024?

ONE Guyana FPSO for ExxonMobil’s Yellowtail Field Leaves Drydock in Singapore

ONE Guyana FPSO for ExxonMobil’s Yellowtail Field Leaves Drydock in Singapore

Equinor Pens 15-Year LNG Supply Deal with Indian Firm

Equinor Pens 15-Year LNG Supply Deal with Indian Firm

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com