Saudi Aramco signs 12 agreements with South Korean partners worth billions of dollars

Saudi Aramco signs 12 agreements with South Korean partners worth billions of dollars

Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies to reinforce relationships with South Korea, expand international operations, and support the region’s energy security with the …
Jun 26, 2019 /  Curious
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
South Korea's maritime industry shrinks in 2016: data

South Korea's maritime industry shrinks in 2016: data

South Korea's maritime industry was scaled down in 2016 due mainly to a contraction in the shipbuilding and shipping businesses, the maritime ministry said Thursday. The annual turnover of the country's maritime …
Mar 30, 2018 /  Curious
Hyundai Merchant Marine to Order 12 Vessels of 22,000 TEU Level

Hyundai Merchant Marine to Order 12 Vessels of 22,000 TEU Level

Hyundai Merchant Marine, virtually the only large ocean-going shipping company of Korea will start ordering ultra-large vessels that can transport 22,000 20-foot containers beginning next month at the …
Feb 14, 2018 /  Vessels
Avance Gas’ VLGC Passat collides with anchored tanker in South Korea

Avance Gas’ VLGC Passat collides with anchored tanker in South Korea

Avance Gas Holding Ltd announced earlier today that VLGC Passat was involved in a minor collision with the anchored vessel New Confidence at outer anchorage in the area of Pyontaek, South Korea today 31 January 2018 …
Jan 31, 2018 /  Accidents
South Korea’s SM Line to relocate headquarters to Busan in first half

South Korea’s SM Line to relocate headquarters to Busan in first half

South Korea’s container carrier SM Line Corporation will start work to relocate its headquarters office from Seoul to Busan during the first half of this year.  The decision comes after the Korean container …
Jan 24, 2018 /  Curious