Tag: South Korea

On April 10, South Korea imposed sanctions on a freight ship, its operator, and entities over the illegal transport of N. Korean iron ore.

HII and HD Hyundai Heavy Industries (HHI) signed a memorandum of understanding (MOU) on 7 April to explore opportunities to collaborate on accelerating ship production in support of defense and commercial shipbuilding projects.

A consortium led by IMM Private Equity Inc. and IMM Investment Corp. has gained full ownership of Hyundai LNG Shipping, a South Korean operator of liquefied natural gas (LNG) tankers.

According to NGO Shipbreaking Platform, since 2020, 94 South Korean-owned vessels have been dismantled on the shores of Bangladesh and India.

VesselsValue breaks down the South Korean orderbook by number of vessels and market value, highlighting the top five owners within the orderbook, the percentage of the fleet being ordered with dual-fuel capabilities, and the top 10 owners based in South Korea.  

South Korea has set path to establish a public-private training center aimed at educating 1,000 professionals annually.

A fire broke out aboard the refrigerated cargo vessel Crystal Asia on 25 March off the coast of South Korea, near Busan.

South Korean shipping companies are increasingly turning to Starlink, to address the social isolation of sailors.

A North Korean cargo ship suspected of smuggling coal sank after colliding with a Chinese vessel in the Yellow Sea last month.

South Korea's Ministry of Oceans and Fisheries announced its plans for allocating funds for the construction and retrofit of 81 ships.