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
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
INTTRA Expands Carrier Network with NAMSUNG Shipping, Korea’s First Private Carrier

INTTRA Expands Carrier Network with NAMSUNG Shipping, Korea’s First Private Carrier

INTTRA, the largest neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, today announced an expansion of its rapidly growing carrier network with the …
Mar 21, 2018 /  Curious
Korea Line places US$173 million ship order with Hyundai Heavy

Korea Line places US$173 million ship order with Hyundai Heavy

Korea Line Corp., a mid-sized South Korean shipping company, said Friday that it has placed an order worth 185.6 billion won (US$173 million) for two very large crude carriers with Hyundai Heavy Industries Co. The …
Mar 16, 2018 /  Vessels
Rolls-Royce congratulates Republic of Korea Navy on its first Daegu-class frigate

Rolls-Royce congratulates Republic of Korea Navy on its first Daegu-class frigate

Rolls-Royce congratulated the Republic of Korea Navy (RoKN) on the official handover Tuesday of its first Daegu-class (FFX-II) frigate. South Korea’s defense procurement agency, Defense Acquisition Program …
Mar 1, 2018 /  Naval