Search results for: Korea Line

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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 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 […]

  • 16 March 2018
    Business & Finance

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

  • 29 March 2018
    Business & Finance

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

  • 3 March 2020
    Project & Tenders, Vessels

    Finland’s technology group Wärtsilä said Tuesday it had been selected to supply the cargo handling system for a new 18,000 cbm liquefied natural gas (LNG) bunkering vessel. The bunkering vessel is being built for Korea Line at Hyundai Mipo Dockyard in South Korea. Wärtsilä said in its statement that the order was placed in January […]

  • 26 June 2018
    Business & Finance

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

  • 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 […]

  • 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.

  • 4 October 2016
    Business & Finance

    South Korea’s shipping company Korea Line Corp has ordered two bulk carriers from an undisclosed shipbuilder for a price of USD 60.6 million, according to data provided by VesselsValue. The company is paying USD 30.3 million for each of the Supramax vessels, which feature 50,000 dwt. With 9,827 gross tons, the eco bulkers are scheduled […]

  • 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.

  • 20 February 2018
    Business & Finance

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

  • 20 December 2019
    Business & Finance

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

  • 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 […]

  • 30 November 2016
    Business & Finance

    SM Group, owner of South Korea’s shipping company Korea Line Corp., may propose a joint acquisition of Hanjin Shipping’s 54% stake in a container terminal at California’s Long Beach to another shipping company, Hyundai Merchant Marine (HMM), local media reports.  Last week, Korea Line signed a KRW 37 billion (USD 31.4 million) agreement to buy the Asia-US route network […]

  • 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, […]

  • 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 […]

  • 1 December 2016
    Business & Finance

    South Korean container carrier Hyundai Merchant Marine (HMM) is expected to ink a deal to join Maersk Line and Mediterranean Shipping Compay (MSC) this December in the world’s largest shipping alliance, 2M, local media cited the country’s top financial regulator.  According to Yim Jong-yong, chairman of South Korea’s Financial Services Commission (FSC), negotiations could be […]

  • 14 November 2016
    Business & Finance

    South Korean shipping company Korea Line Corp. has been selected as the preferred bidder for bankrupt Hanjin Shipping’s Asia-US route and for the firm’s stake in a container terminal at California’s Long Beach, local media reports. Korea Line has outbid its compatriot shipping company Hyundai Merchant Marine (HMM), after both companies submitted their final proposals to […]

  • 18 November 2014
    Vessels

    South Korea will receive LNG cargo from Qatar on December 3.

  • 17 July 2013
    Equipment, Vessels

    Thomas Gunn announced that Korea Lines, the marine transportation services company, is the latest ship owner to choose new Voyager 4 for its navigation requirements. It will be upgrading four LNG gas carriers from Voyager 3 to the new Voyager 4 digital chart management system with immediate effect. When asked why Korea Lines selected Voyager […]

  • 1 December 2016
    Business & Finance

    Swiss-based container shipping major, Mediterranean Shipping Company (MSC), and South Korea’s carrier, Hyundai Merchant Marine (HMM), have jointly placed a bid to acquire a stake in a container terminal at California’s Port of Long Beach currently controlled by ailing Hanjin Shipping, Yonhap News Agency reported industrial sources as saying. Hanjin’s 54% stake in terminal operator Total Terminals […]