Yang Ming to Launch Korea - Vietnam - Malaysia Service

Yang Ming to Launch Korea - Vietnam - Malaysia Service

Yang Ming Marine Transport Corp (YM) announced earlier today a new Intra-Asia service KVM(Korea–Vietnam–Malaysia Service) jointly operated by YM and APL Co. Pte Ltd through its CNC brand with effect on …
Jan 28, 2019 /  Vessels
Hyundai Heavy seeks to win US$15.9 bln worth of deals in 2019

Hyundai Heavy seeks to win US$15.9 bln worth of deals in 2019

South Korea's Hyundai Heavy Industries Group said Thursday its three arms are seeking to secure combined deals worth US$15.9 billion this year in the shipbuilding segment. The combined target of Hyundai Heavy Industries …
Jan 4, 2019 /  Finance
Forward Ships granted South Korean Patent

Forward Ships granted South Korean Patent

Forward Ships' innovative machinery arrangement receives its first official patent right from South Korea, a major shipbuilding nation. The Korean Intellectual Property Office Examiner decided to grant this patent …
Jan 3, 2019 /  Curious
South Korean shipbuilders to benefit from LNG ship orders in 2019

South Korean shipbuilders to benefit from LNG ship orders in 2019

South Korean shipbuilders are expected to continue to benefit from a growing number of liquefied natural gas (LNG) ship orders this year, people in the industry said Tuesday. In 2019, the world's overall LNG ship orders …
Jan 2, 2019 /  Curious
SM Shipping Company Forges Alliance With Vinalines

SM Shipping Company Forges Alliance With Vinalines

SM Lines, a leading container carrier in South Korea, forged a strategic alliance with Vietnam National Shipping Lines (Vinalines), a state-owned shipping firm, in an effort to secure a stable foothold in Southeast …
Sep 13, 2018 /  Curious
Over 30% of Global Crude Oil Trade Moves Through South China Sea

Over 30% of Global Crude Oil Trade Moves Through South China Sea

The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea, according to US EIA. …
Aug 29, 2018 /  Curious
U.S. Blacklists Russian Ships, Owners for Trading with North Korea

U.S. Blacklists Russian Ships, Owners for Trading with North Korea

The U.S. has sanctioned six ships and two Russian shipping companies, Primorye and Gudzon, for engaging in ship-to-ship transfers with North Korean-flagged ships, opposing international sanctions against …
Aug 22, 2018 /  Curious
NOVATEK Signed MoU with KOGAS

NOVATEK Signed MoU with KOGAS

Friday (Jun 22), as part of the meeting of the President of Russia, Vladimir Putin, and the President of the Republic of Korea, Moon Jae-in, Chairman of the Management Board of PAO NOVATEK (NOVATEK) Leonid Mikhelson and …
Jun 25, 2018 /  Vessels
FESCO reduces delivery time from Republic of Korea to Russia from 23 to 15 days

FESCO reduces delivery time from Republic of Korea to Russia from 23 to 15 days

FESCO Transportation Group (FESCO) launches project “From Pusan to Moscow in 15 days”, another initiative aimed to reduce delivery time from Asia to Russia via the Far East. Test shipment was successfully …
May 21, 2018 /  Vessels
Three Korean sailors taken by pirates near Ghana

Three Korean sailors taken by pirates near Ghana

Three Korean sailors are presumed to have been kidnapped in seas off Ghana, Seoul’s Foreign Ministry said Saturday, with a Korean anti-piracy warship being dispatched to the area. According to the ministry, a …
Apr 3, 2018 /  Piracy