Sweden, South Korea and Denmark have initiated a global partnership on the development of e-navigation solutions. Modern technology will lead to higher safety and more efficient transports at sea.The Swedish Maritime Administration is leading the largest European e-navigation project…
Hull modules for the huge container ships are being built in Shandong and delivered by barge to South Korea' Daewoo Shipbuiding yard.Twenty of the ships, which can each carry 18,270 20-foot containers and at 399.25 metres long, are being built…
As Europe’s economic slowdown reshapes global trade patterns, Maersk Line taps into Asian growth by starting a new direct route to South Korea.A.P. Moeller-Maersk A/S began shipping from the port of Gothenburg, Scandinavia’s largest, to Busan…
The National Shipping Company of Saudi Arabia (Bahri) receives the 'Bahri Abha' from South Korea's Hyundai Mipo shipyard.The new ship, of 26,000 dwt, was built especially for the general cargo trade and is the first to be delivered of six…
South Korean shipbuilding orders drop 58.6 percent through September 2012.South Korean shipbuilding orders dropped 58.6 percent for the first nine months of this year due to the persistent recession in the global shipbuilding industry, a government report reveals…
National Chemical Carriers receive new chemical tanker 'NCC Najeem' from the SHINAsb Shipyard in S. Korea.National Chemical Carriers Ltd. Co. (NCC) of Saudi Arabia, a subsidiary of The National Shipping Company of Saudi Arabia (BAHRI) announce…
According to a report on Yonhap News, South Korea's shipbuilding industry will possibly start to turnaround in 2014.The news agency cited findings from the BOK report forecast that the SBI (the shipbuilding business index) will rise to 98…
While China has aggressively built its shipbuilding infrastructure in the past 10 years, the most important number, top winner in contract value, still remains the domain of South Korea, which has reportedly logged $37.8b in orders thus far in 2011 vs…
South Korea will ban, according to a Yonhap report, all single-hull tanker operations starting in 2011. The news agency reported that the Ministry of Land, Transport and Maritime Affairs said that all locally registered single-hull tankers with a deadweight tonnage of 5…
According to a May 10 report from The New York Times, forensic experts investigating the wreckage of a South Korean warship that sank near the sea border with North Korea have found traces of an explosive component commonly used in torpedoes and mines…
Scorpio Tankers Inc. (NYSE: STNG) announced that it entered into agreements to purchase four double hulled Handymax tankers for an aggregate purchase price of $99m. The ships, which are charter free, are scheduled to be delivered between May and September 2010…
According to a report from Asia Today, South Korea has secured 51.1 per cent of all orders placed in the first quarter of this year to recapture its top standing in the industry from China, a government report showed today. (Source: Asia Today)
The National Marine Electronics Association (NMEA) and the Marine Electronics Industry Promotion Association (MEIPA) of South Korea have signed a Memorandum of Understanding (MOU) that will insure the adoption of NMEA standards, training and product certification throughout South Korea…
A Sept. 29 report from Bloomberg stated that China and South Korea’s support for shipbuilders may add to a glut of capacity, slowing a recovery in freight rates and vessel prices. The world’s two largest shipbuilding nations have taken steps…
According to Reuters, STX expects top South Korean shipyards to jointly win offshore project orders from Brazil's Petrobras. Petrobras is expected to issue large tenders for offshore oil development vessels, including drillships and floating product storage and offloading units…
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