Search results for: korea

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  • 26 February 2018

    The United States has imposed a new wave of sanctions against North Korea’s regime.

  • 2 July 2019
    Business & Finance

    Hyundai Heavy submitted a request for the formal approval from the South Korea’s Fair Trade Commission.

  • 14 February 2017
    Business & Finance

    The state-backed ship financing company Korea Shipping is looking to buy up to ten container vessels operated by Hyundai Merchant Marine (HMM), and lease them back to the shipping firm. The financing company, which was established in January 2017 to help local shippers and shipbuilders amid a lengthy depression seen by the industry, would also purchase HMM’s stocks […]

  • 5 January 2018
    Vessels

    South Korea is looking to boost its shipbuilding industry including the construction of liquefied natural gas (LNG) vessels after the industry suffered big losses last year.

  • 29 July 2009

    A South Korean fishing boat has been towed away by a North Korean patrol boat off the peninsula’s east coast, South Korean officials say. The military says the ship had strayed north of the maritime border due to a problem with its navigation system. South Korea has asked for the boat and the crew, who […]

  • 20 June 2017
    Business & Finance

    SPT Offshore has made its first entry into the Korean offshore wind industry by signing a Memorandum of Understanding (MoU) with Korea Wind Energy on 15 June 2017.

  • 3 July 2006

    Hanjin Heavy Industries and Construction Co. opened over the weekend a P40-million modern training center in the Subic Bay Freeport.

  • 18 June 2018

    Liquefied natural gas (LNG) imports into South Korea rose 12.1 percent in May year-on-year, according to the customs data. The country received 2.8 million tonnes of LNG last month, as compared to 2.5 million tonnes in the corresponding month the year before. Qatar remained the dominant source of South Korean imports with 0.87 million tonnes of […]

  • 18 November 2019

    The vessel was towed to South Korea’s Pohang port after the incident.

  • 12 November 2018

    South Korean state-owned Korea Gas reported a year-on-year jump of 37.9 percent liquefied natural gas (LNG) sales during the month of October.

  • 22 May 2017

    Korea Offshore Wind Power (KOWP) and Swiss Re have awarded LOC Group a contract for marine warranty surveying (MWS) services on the 60MW test phase of Korea’s Southwest Offshore Windfarm Project.

  • 19 March 2018
    Ports & Logistics

    Liquefied natural gas (LNG) imports into South Korea rose 27 percent in February year-on-year, according to the customs data. The country received 4.59 million tonnes of LNG in February, as compared to 3.60 million tonnes in the corresponding month the year before. Qatar, the world’s largest LNG exporter, Qatar, remained the dominant source of South […]

  • 23 May 2016

    Shipyards in Europe received in the first quarter of 2016 more orders than their competitors in Asia, German Shipbuilders and Ocean Industries Association Verband für Schiffbau und Meerestechnik (VSM) reports.   Namely, out of USD 6.5 billion worth orders on a global scale placed in the first quarter of this year, European shipyards won orders worth USD 3.7 […]

  • 16 April 2018
    Ports & Logistics

    Liquefied natural gas (LNG) imports into South Korea rose 22.5 percent in March year-on-year, according to the customs data. The country received 4.30 million tonnes of LNG last month, as compared to 3.51 million tonnes in the corresponding month the year before. Qatar, the world’s largest LNG exporter, Qatar, remained the dominant source of South […]

  • 14 August 2018
    Ports & Logistics

    South Korea, the world’s second buyer of liquefied natural gas (LNG), received 2.75 million tonnes of LNG in July, a rise of 1.5 percent when compared to 2.70 million tonnes the country imported in the same month last year. Compared to the previous month, LNG imports dropped nearly 27 percent, according to the customs data. The data […]

  • 20 April 2017

    South Korea, the world’s second-largest buyer of LNG, boosted its imports of the chilled fuel by 3 percent in March year-on-year. The country imported 3.53 million mt of LNG in March, as compared to 3.43 million mt in the corresponding month the year before, according to the customs data. South Korea paid about $1.43 billion […]

  • 23 January 2013

    Despite a slow economy and lower demand for new ships, Korea’s shipbuilding orders topped the world for the second consecutive year in 2012 in terms of both volume and monetary value. According to the Ministry of Knowledge Economy (MKE) and the Korea Shipbuilders’ Association (KOSHIPA), the country’s shipbuilders secured orders worth USD 29.9 billion, equivalent […]

  • 3 January 2018
    Business & Finance

    South Korea’s Big Three shipbuilders bullish on their orderbook expectations for 2018.

  • 15 November 2018
    Ports & Logistics

    South Korea, the world’s third buyer of liquefied natural gas (LNG), received 3.79 million tonnes of the chilled fuel in October, a rise of 37.9 percent year-on-year. Compared to the previous month, LNG imports rose 12.7 percent, according to the customs data. The data shows that South Korea paid an average of $11.14 per million […]

  • 16 June 2016
    Business & Finance

    After South Korea launched a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks, the country’s lenders could need more help to absorb the enormous shipbuilding losses, Bloomberg reported. According to data provided by Bloomberg, ten of South Korea’s shipbuilders have together accumulated a debt of some USD 38.2 billion. As the country’s major shipbuilding and […]

  • 25 July 2016

    Korea Midland Power (KOMIPO), the South Korean power company launched an international tender to purchase one cargo of liquefied natural gas. KOMIPO is seeking a 2.20-2.33 TBtu LNG cargo on DES basis for delivery between August 26-28, according to a notice on the utility’s website. The deadline for bid submissions has been set to July 27 at 2 […]

  • 18 December 2015
    Business & Finance

    New York-listed Ship Finance International Limited has agreed to build two 114,000 dwt LR2 oil product carriers at an undiclosed shipyard in Korea. The vessels are scheduled to be delivered during the second half of 2017 and will thereafter commence long term time-charters to a US based investment-grade energy company. The company said that the […]