South Korea
Wärtsilä’s €200M revenue ANCS unit to be sold to Solix Group
Finnish technology heavyweight Wärtsilä is set to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment company Solix Group AB. Pending formal approvals, the transaction is expected to be completed in the second quarter of 2025. ANCS—which was acquired by Wär
Dyna-Mac parts ways with CEO of 4 years
The board of directors of Singapore-based offshore builder Dyna-Mac, which is now part of South Korea’s Hanwha Ocean, has decided to dismiss its chief executive officer (CEO) and executive chairman.
Busan Port set for ‘major’ overhaul as part of South Korea’s $10 billion maritime strategy
South Korea’s Ministry of Oceans and Fisheries (MOF) has unveiled a whopping 14 trillion KRW (circa $9.78 billion) investment plan to upgrade the Port of Busan by 2045 aiming to achieve the world’s largest container handling capacity and establish the port as a “leading” logistics hub in the region.
Hanwha handpicks GTT for tank design of LNG carrier pair
South Korea’s shipbuilder Hanwha Ocean has placed an order with French technological containment specialist Gaztransport & Technigaz (GTT) for the tank design of two new liquefied natural gas (LNG) carriers it is building for Greek shipowner Maran Gas Maritime.
FMC halts tripartite Premier Alliance’s debut
The U.S. Federal Maritime Commission (FMC) has pulled the plug on a global container shipping alliance between South Korea’s HMM, Singapore’s Ocean Network Express (ONE) and Taiwan’s Yang Ming Marine Transport Corporation, citing an “absence of information” needed to determine the competitive impact
Liquid Wind eyes expansion of e-fuel plants beyond Europe with new collaboration
Liquid Wind signed a collaboration agreement with SAMSUNG E&A to accelerate the development of e-fuel projects beyond Europe, in Asia, Africa, and the Middle East.
HD Hyundai gets KR and LISCR’s AiP for autonomous navigation and remote-control tech
South Korean HD Hyundai has received Approval in Principle (AIP) from the Korean Register (KR) and the Liberian International Ship & Corporate Registry (LISCR) for its autonomous navigation and remote-control technologies.
SHI hands over LNG carrier to NYK
South Korean shipbuilder Samsung Heavy Industries (SHI) has delivered a liquefied natural gas (LNG) carrier ordered by Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) at the former’s shipyard in Geoje, South Korea.
HJSC bags order for methanol-ready boxship quartet from European shipowner
South Korean shipbuilder HJ Shipbuilding & Construction (HJSC) has signed a contract with a European shipowner to build four 7,900 TEU methanol-ready containerships.
GAIL’s LNG fleet growing thanks to deal with K Line
India’s state-owned natural gas player GAIL has signed a long-term time charter agreement with Japanese shipping company Kawasaki Kisen Kaisha (K Line) for a new liquefied natural gas (LNG) vessel to be built by Korea’s Samsung Heavy Industries (SHI).
Forging ahead with fleet renewal, Maersk books 20 new dual-fuel ships
Maersk has concluded agreements with three shipyards for the construction of 20 container vessels equipped with dual-fuel engines, rounding off the newbuilding orders revealed in August 2024.
New agreement to keep LS Cable & System busy offshore South Korea
Vena Energy’s subsidiary, Taean Wind Power, has selected LS Cable & System as the preferred submarine cable supplier for the 504 MW Taenan offshore wind farm in South Korea. Under the agreement, LS Cable will supply high-voltage subsea cables, which are essential for transmitting renewable energy fr