Tag: South Korea

New regulations for crew changes came into force in South Korea from 8 June.

South Korea’s Fair Trade Commission has found collusion and price-fixing among shipping companies operating between South Korea, Japan, and China.

According to the Taiwanese and South Korean governments, Taiwan recovered 2 bodies after a ship carrying 6 South Koreans went missing in the Taiwan Strait. Search and rescue operations are under way.

The South Korean Ministry of Economy and Finance issued a joint statement with the Ministry of Foreign Affairs on 1 March 2022, setting out details of the measures that the South Korean government is taking against Russia. Subsequently, there were further measures introduced as of 7 March 2022.

Singapore (ASMI) and South Korea (KOMEA) signed a Memorandum of Understanding (MOU), paving the way for stronger collaboration in the shipbuilding and offshore sectors across both countries.

South Korean antitrust authorities imposed 96.2 billion won ($81 million) in fines on 23 domestic and foreign shipping companies for price-fixing on multiple routes between South Korea and Southeast Asia over 15 years.

As of 1st January 2022, all vessels navigating in Korean ports shall not consume fuel oil with a Sulphur content exceeding 0.5%.

South Korea allows crew changes without 14 days of quarantine, depending on the flight/vessel departure schedule.

Six seafarers are missing after a ship capsized off South Korea. One crew was found in an unconscious state while two others were rescued.

SK Group will lead a project to build a "hydrogen port" in Korea, with an energy ecosystem capable of using hydrogen.