Search results for: Polaris Shipping

77363 results

A list of search results

  • 26 September 2017
    Business & Finance

    South Korean shipbuilder Hyundai Heavy Industries (HHI) has won an order from compatriot Polaris Shipping for the construction of ten very large ore carriers (VLOCs). The contract for ten 325,000 DWT bulker newbuilds is worth KRW 910.2 billion (USD 800 million). The delivery is slated for April 2021, HHI said in a regulatory filing on Tuesday. “The […]

  • 11 April 2017
    Business & Finance

    Following the sinking of Stellar Daisy on March 31, South Korea’s Polaris Shipping has launched a special program for immediate inspection of all vessels currently operated by this company.  The inspection will be conducted in addition to the regular maintenance and inspection according to class and flag state requirements, the company said. The special program […]

  • 7 June 2017
    Business & Finance

    South Korean Polaris Shipping Co. has reportedly ordered three very large iron ore carriers at compatriot shipbuilder Hyundai Heavy Industries (HHI), Yonhap news agency said citing an announcement from the shipping company. The order for 325,000-ton iron ore carriers comes as the shipping firm seeks to replace some of its aged ships, especially following the recent […]

  • 6 June 2017
    Business & Finance

    South Korean shipowner Polaris Shipping has opted to expand its fleet as it reached an agreement to purchase a 209,000 dwt Capesize vessel TRF Charleston. Under the deal signed on June 5 with US-based TRF Ship Management, Polaris Shipping will purchase the company’s bulk carrier newbuilding for USD 46.2 million. The vessel fetched a price which […]

  • 17 December 2018
    Business & Finance

    Polaris Shipping tied to an order for two Newcastlemaxes at New Times Shipyard in China.

  • 25 January 2019
    Business & Finance

     The warrant of arrest requested against Polaris Shipping CEO was rejected.

  • 24 July 2017
    Business & Finance

    Two Filipino seafarers were reportedly injured in an explosion aboard the 250,000 dwt ore carrier Stellar Young, operated by South Korea’s Polaris Shipping. The explosion occurred in the ship’s engine room on July 22 while the very large ore carrier (VLOC) was undergoing maintenance at a dock in Gwangyang, South Korea, according to local media. The exact […]

  • 10 May 2017
    Business & Finance

    Cracks have been found aboard another Polaris Shipping-operated very large ore carrier (VLOC), the 1994-built Stellar Queen, following an inspection of the ship which was conducted in Sao Luis, Brazil. A representative of Holman Fenwick Willan Singapore LLP, speaking on the authority of the ship’s operator told World Maritime News that “two small cracks” were found on […]

  • 23 January 2019
    Business & Finance

    A warrant of arrest to be issued for CEO and Chairman of Polaris Shipping, owner and operator of Stellar Daisy.

  • 6 December 2016
    Business & Finance

    Brazilian mining giant Vale S.A. has concluded the talks with shipping company Polaris Shipping for the sale of four Capesize bulk carriers. Owned and currently operated by Vale, the Capesizes were sold for a total of USD 140 million, equivalent to USD 35 million per vessel, which will be received by Vale upon the delivery of each ship. One of […]

  • 15 June 2020
    Vessels

    Giant very large ore carrier Stellar Banner, owned by Polaris Shipping from Korea,  has been scuttled off the Brazilian coast after an inspection of the ship’s hull found the ship to be unseaworthy. “Following an extensive inspection by the classification society and the surveyors, the structural integrity of the hull was been declared unseaworthy. Towing […]

  • 30 January 2018
    Business & Finance

    South Korea’s Polaris Shipping has become the latest shipowner to join Navig8’s Alpha8 Pool.

  • 31 July 2014
    Business & Finance

    Korean shipping companies will benefit from an ‘eco-ship fund’ worth USD $976 million Korea Eximbank (Kexim) plans to launch so as to boost domestic shipping companies in switching to green technology.   The fund is expected to open for business this November, with the contribution from the South Korean state bank with 25% oand institutional […]

  • 26 May 2017
    Business & Finance

    Busan Coast Guard raided the South Korean shipping company Polaris Shipping on Thursday, May 25 in relation to the sinking of the ill-fated Stellar Daisy, Yonhap reports quoting a statement from the coast guard officials. As disclosed, the raid of the company’s offices located in Seoul and Busan was aimed at collecting information that might help disclose the […]

  • 11 July 2011
    Business & Finance

      Tromsø Maritime School has selected Kongsberg Maritime to provide cutting-edge Polaris simulators for navigation and Dynamic Positioning training. The established Northern Norway training facility has ordered an extensive suit of new simulators following an open tender that saw leading simulator developer Kongsberg Maritime come out on top in terms of the proposed technical solution, […]

  • 5 June 2020
    Vessels

    Giant very large ore carrier Stellar Banner, owned by Polaris Shipping from Korea, has been refloated after being grounded for over three months off the coast of São Luís, in the state of Maranhão, Brazil. “The owner confirms the ship has been re-floated. The owner is liaising closely with the authorities and surveyor. A full […]

  • 11 July 2011

      Tromsø Maritime School has selected Kongsberg Maritime to provide cutting-edge Polaris simulators for navigation and Dynamic Positioning training. The established Northern Norway training facility has ordered an extensive suit of new simulators following an open tender that saw leading simulator developer Kongsberg Maritime come out on top in terms of the proposed technical solution, […]

  • 23 October 2017
    Business & Finance

    South Korean shipping company Polaris Shipping has added five more 325,000 dwt Very Large Ore Carriers to the newbuilding tally at South Korean shipbuilder Hyundai Heavy Industries (HHI). The order, worth USD 400 million, is an option being exercised as part of a contract signed on September 25, when Polaris ordered ten VLOCs of the same class […]

  • 30 May 2018
    Business & Finance

    Stellar Samba stuck for four days off Brazilian coast after a generator fire.

  • 28 February 2020
    Business & Finance

    Companies and authorities in Brazil scrambling to avoid pollution from the listing ore carrier.

  • 10 April 2017
    Business & Finance

    The search for the missing 22 crew members of Stellar Daisy is entering its second week despite reports of little hope for finding any survivors expressed earlier.  A total of eight ships and two aircraft are now participating in the search operations coordinated by Uruguay’s Maritime Rescue Coordination Center (MRCC). On April 8, one American aircraft […]

  • 3 April 2017

    A South Korean ship carrying 24 crew members went missing and is believed to have sunk in the South Atlantic, some 3,700 kilometers off Uruguay, Yonhap News Agency reported. On March 31, the crew of the very large ore carrier (VLOC) Stellar Daisy sent a distress signal to Polaris Shipping, the owner of the vessel, […]