Tag: Korea

Korean authorities have taken precautions to keep radioactive ballast water from the Fukushima nuclear power plant's wastewater out of Korean waterways.

On 19th August, a 999-ton chemical tanker Falcon Chemist was damaged by fire in the Yellow Sea, approximately 43 nautical miles west of Gunsan, Korea. 

Cool Company Limited announced that it has exercised its option to acquire two newbuild stroke LNG carriers from affiliates of EPS Ventures Ltd (EPS).

On 24th May, the Ministry of Interior (MoI) announced that Aeronautical and Maritime Search and Rescue teams, rescued a Korean national after he fell from a merchant vessel in Qatari waters. 

Daewoo Shipbuilding & Marine Engineering (DSME), South Korea's second-largest shipbuilder, is rebranded as Hanwha Ocean, dropping the nearly 50-year-old Daewoo name following Hanwha Group's takeover.

On 18th May, a product tanker which route to Kobe in Japan, stuck under one bridge, needing assistance from local tugs.

Cheniere Marketing has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement with Korea Southern Power (KOSPO).

HD Hyundai has developed a special marine supply vessel for ammonia for the first time in Korea. Ammonia is drawing much attention as an eco-friendly energy source.

Korean Register (KR) has signed a Memorandum of Understanding (MOU) with Microsoft Korea on 28 March to collaborate on digital transformation and enhance their technological capabilities, with the aim of leading the digital transformation of the shipbuilding and maritime industry by leveraging fourth industrial revolution technologies

According to Business Korea News, there is a competition between Korean and Chinese shipbuilders about which is taking more shipbuilding orders, as methanol-powered ships are rapidly emerging as next-generation eco-friendly ships.