Search results for: Korea Line Corporation

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  • 7 March 2018
    Business & Finance

    Korea Line Corporation signed a contract with oil refiner GS Caltex for the transportation of crude oil.

  • 26 June 2018
    Business & Finance

    Korea Shipping Corporation orders two coal carriers at Daesun Shipbuilding and Marine Engineering.

  • 29 March 2018
    Business & Finance

    Korea Line Corporation has signed a charter deal with S-Oil Corporation for two crude oil carriers.

  • 16 March 2018
    Business & Finance

    Korea Line Corporation has placed an order for two very large crude carriers with HHI.

  • 20 February 2018
    Business & Finance

    Korea Line Corporation pens iron ore transport deal with Brazilian miner Vale.

  • 23 June 2017
    Business & Finance

    Korean shipping major Korea Line Corporation (KLC) has secured a KRW 1.27 trillion (USD 1.1 billion) contract to transport liquefied natural gas (LNG) for its compatriot Korea Gas Corporation (KOGAS). Under the 20-year deal, signed on June 23, the company said that it would transport the cargo through May 30, 2037. The long-term contract would see […]

  • 2 April 2018
    Business & Finance

    Korea Line Corporation orders the construction of two VLCCs to support its charter deal with S-Oil Corporation.

  • 2 May 2017
    Business & Finance

    Korean shipping major Korea Line Corporation (KLC) has placed USD 487 million worth of orders for four bulk carriers and two liquefied natural gas (LNG) carriers. Namely, through its subsidiary Korea Shipping Corporation, KLC signed four bulker newbuilding contracts. The company is paying KRW 110.7 billion (USD 97.9 million) for the quartet, which will be built by an […]

  • 26 October 2017
    Business & Finance

    Korea Lines Corporation, part of Samra Midas Group, has announced an investment in two 325,000 dwt bulk carriers. The company would be paying KRW 184.8 billion (USD 164 million) for the two ships. According to Yonhap, Hyundai Heavy Industries has been hired for the construction of the two ships, which are scheduled to be delivered in […]

  • 23 June 2017
    Project & Tenders, Vessels

    South Korean shipping company Korea Line Corporation (KLC) on Friday signed a contract to transport LNG for Kogas from the United States to South Korea.

  • 22 November 2016
    Business & Finance

    South Korea’s shipping company Korea Line Corp has signed a KRW 37 billion (USD 31.4 million) agreement to buy the Asia-US route network from the bankrupt container carrier Hanjin Shipping, the company said in a stock exchange filing. The deal includes Hanjin’s business network and client information related to the route, subsidiaries and logistics management systems in seven countries, […]

  • 3 January 2017
    Business & Finance

    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. Namely, the proposal to buy the route network and the bankrupt Korean carrier’s client information related to the route was rejected during the company’s shareholders meeting. The move comes […]

  • 20 December 2019
    Business & Finance

    Korea Line’s two LNG carriers will work for Shell Tankers during a charter period of seven years.

  • 4 August 2020
    Infrastructure, Vessels

    The Hague-based LNG giant Shell has expanded its fleet with charter deals for six newbuild liquefied natural gas (LNG) carriers.

  • 7 December 2016
    Business & Finance

    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, the firm revealed in its stock exchange filing. The company withdrew its bid after local media reported it may propose a joint acquisition of the stake […]

  • 21 July 2017
    Vessels

    South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, forged ties with several shipping companies to take part in the overseas FSRU market. 

  • 21 July 2017
    Business & Finance

    Korea Gas Corporation (KOGAS) has teamed up with compatriot shipping lines on a  floating storage and regasification unit (FSRU) business cooperation. The move targets to revive Korean shipping and shipbuilding industries which have been considerably impacted by the ongoing troubles in the maritime industry. The partners include H-Line Shipping, Hyundai LNG Shipping, Pan Ocean, SK […]

  • 10 February 2020
    Business & Finance

    In December 2019, oil and gas major Shell signed separate agreements for four LNG carriers.

  • 26 January 2017
    Business & Finance

    General cargo vessel Korex SPB No. 2 has been arrested in Singapore waters, according to data provided by Supreme Court of Singapore. The 15,000 dwt heavy lift vessel, owned by South Korea’s shipping company Korea Line Corporation, was arrested for undisclosed reasons on January 26, 2017. The ship, which flies the flag of South Korea, was taken into […]

  • 16 October 2007

    Globus Maritime Limited, a marine transportation company that owns and operates Handymax and Panamax dry bulk ocean-going vessels, today announces that it has entered into a new time charter agreement with Korea Line Corporation, at a gross rate of US$66,000 per day, for a minimum of 24 to a maximum of 26 months starting in […]

  • 22 May 2017
    Business & Finance

    Greek ship owner Primerose Shipping has ordered two bulk carriers in China, shipbroking sources say. The two 81,000 dwt vessels are to be built by China’s state-owned CSSC Chengxi Shipyard. The shipbuilding contracts for two bulkers have been valued at USD 24.8 million each, and the vessels are said  to be scheduled for delivery in 2019. Primerose […]

  • 22 January 2015
    Business & Finance

    Korean shipbuilder Samsung Heavy Industries (SHI) followed in the footsteps of its counterpart Daewoo Shipbuilding and Marine Engineering (DSME) in concluding the deal for construction of Kogas LNG carriers. Samsung signed a contract for two 174,000 m3 LNG carriers worth USD 417 million, the company said in a filling with Korea Stock Exchange. The two […]