A North Korean patrol boat crossed into South Korean waters early on Monday and retreated after the South Korean navy fired warning shots, a South Korean military official said. The incursion came amid heightened tensions on the Korean peninsula, a day after North Korea fired a long-range rocket carrying a satellite into space, a launch that South Korea and other countries consider to be a missile test in disguise. The patrol boat crossed the Northern Limit Line, which North Korea does not recognise, in the Yellow Sea to the west of the peninsula, at 6:55 a.m. (21:55 GMT) near Socheongdo island, the official said. Yonhap news agency said the patrol boat crossed despite warning communications from the South Korean navy, and retreated after five warning shots were fired by a naval gun, returning back across the Northern Limit Line at around 7:15 a.m. North Korea has refused to recognise the so-called Northern Limit Line that was drawn up at the end of the 1950-53 Korean War and has frequently challenged it with intrusions of ships, and more recently by firing artillery near or across the line. (Reporting by Ju-min Park and Jee Heun Kahng
Hyundai Heavy Industries (HHI) has constructed the first 4000-ton class Korean destroyer ordered by the Republic of Korea Navy. The launching ceremony for the warship was held on April 11, 2004 at HHI’s Special and Naval Shipbuilding Yard in Ulsan. . During the launching ceremony, First Lady Kwon Yang-sook named the warship Munmudaewang-ham. The warship takes its name after "Munmudaewang (The Great King Munmu)", the king of the Silla Dynasty who unified the Korean peninsular and strived to
According to a report from AFP, Seoul newspapers on Jan. 22 praised South Korean navy commandos who battled pirates off the coast of Somalia to release captured crew. In a pre-dawn operation about 1,300 kilometres (800 miles) off northeast Somalia on Jan. 21, special forces stormed a South Korean tanker and freed all the hostages, killing eight pirates and capturing five others in compartment-to-compartment battles.
According to a March 26 report from BBC News, about 40 sailors are missing after a South Korean navy ship sank near the border with North Korea, Yonhap news agency said citing military officials. The patrol vessel, with 104 people aboard, sank after an unexplained explosion tore through its hull. Several sailors also died, officials were quoted as saying. (Source: BBC News)
CAE has been selected to supply shipboard control systems for the fifth in a series of KDX-II class destroyers for the Republic of Korea Navy (ROKN). List price for similar repeat business is approximately $C6 million. The complete system will be delivered in 2005. This contract, awarded by prime contractor Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME), marks the tenth selection of CAE's integrated platform management system (IPMS) for the ROKN
The South Korean Navy plans to build nine 3,000-ton submarines by 2030 to increase the length of its underwater operations and improve its precision strike capabilities, Yonhap News reported. Yonhap said it received the information from an anonymous military source who said the submarines were scheduled to be built between 2020 and 2030. Precise designs were allegedly started earlier this year. The new diesel-powered submarines will be equipped with vertical launchers that will
Rolls-Royce, the global power systems company,has been selected by the South Korean Coast Guard to supply Azimuth thrusters for a new fleet of 15 tugs. The contract, worth around £12 million, will involve the supply of Rolls-Royce Azimuth thrusters (two per vessel) as the prime propulsion and steering system on these powerful vessels, which will be fully equipped to perform oil-skimming and environmental protection duties
Through chilling winds and choppy seas, five-man crews aboard small, gray security boats worked tirelessly for 10 days patrolling the waters around a massive 348-foot petroleum vessel near the coast of Pohang, South Korea. Boat crews from Port Security Unit (PSU) 313 worked night and day to enforce a safety zone around U.S. Naval Ship Vice Adm. K.R. Wheeler and an eight-mile submerged pipeline that extended from the ship to the shores of Dogu Beach.
By David Tinsley, Technical Editor German industry is doing much to advance the development and application of fuel cell technology, and is responsible for many of the initiatives launched so far in the marine sector. Although skeptics in the commercial shipping domain discount the chances of a substantial uptake of fuel cell power aboard mercantile traders in the foreseeable future, there is a growing realization of the long-term possibilities offered by the technology
From the Navy News Service: 1898 - At Battle of Santiago, Cuba, Rear Adm. Sampson's squadron destroys Spanish fleet. 1950 - USS Valley Forge (CV 45) and HMS Triumph participate in first carrier action of Korean Conflict. VF-51 aircraft (Valley Forge) shoot down two North Korean aircraft. The action is first combat test of F9F Panther and AD Skyraider.
Hyundai Merchant Marine (HHM), South Korean’s second largest shipping line, is believed to be looking into buying troubled carrier Hanjin Shipping's 37 container vessels, reports WSJ. HHM will be the first to look at Hanjin’s vessels, with the focus on five 13
Cash from top shareholder, executives should cover offload costs. South Korea's government said cash held by Hanjin Shipping Co Ltd and funds pledged by its parent group should meet the costs of unloading some $14 billion in cargo stranded on vessels operated by the troubled container line.
Korea Development Bank has offered a conditional credit line of 50 billion won ($45 million) to help ease supply-chain disruptions caused by the collapse of Hanjin Shipping Co, says a report in Reuters. An estimated $14 billion of cargo was trapped on Hanjin ships when the world's
Though Busan Port, the largest customer of Hanjin Shipping and hit hardest by the Liner's collapse, asserts that everything is under control, doubts are being raised on Hanjin rehab plan as ships clog at the South Korean port, reports Reuters.
South Korea's Hanjin Shipping Co Ltd, whose collapse has disrupted global trade, is considering a restructuring plan to sell more than half its ships, the Wall Street Journal reported on Friday, citing people familiar with the matter. However
A lawyer for Hanjin Shipping Co Ltd , the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea.
1942 - USS Wasp (CV 7) is torpedoed by a Japanese submarine while operating in the Southwestern Pacific in support of forces on Guadalcanal. USS O'Brien (DD 415) and USS North Carolina (BB 55) are also struck by torpedoes from the same submarine.
Parent group transfers $36 mln to troubled shipper. It may cost over $150 mln to unload stranded cargo. The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said
Italian shipbuilding giant Fincantieri SpA and Dutch counterpart Damen Shipyards Group are in the running to buy STX France, which has been put on the block by Korean debt-ridden parent STX Offshore & Shipbuilding Co, reports WSJ.
Korean Air Lines, the biggest shareholder of Hanjin Shipping, has approved a plan to provide a loan of 60 billion won ($54.16 million) to the troubled shipper. The support will be offered on condition of securing Hanjin Shipping's Long Beach Terminal as collateral, Korean Air said.
Two potential buyers have emerged for STX France, a shipyard subsidiary of the struggling South Korean group STX Corp, according to a French finance ministry source. The French state holds a 33 percent minority stake in STX France, which runs a naval shipyards in Saint Nazaire on the west
1861 - USS Tyler and USS Lexington, support Gen. Ulysses S. Grants Army operations against strategic Paducah and Smithland, Ky. The ships mobile firepower assists in the capture of the cities, helping to preserve Kentucky in the Union. 1918 - In the first use of major-caliber naval guns in a
As most of Hanjin Shipping Co's assets are stranded at sea or in ports world-wide, the the South Korean company is seeking to protect assets world-wide. Hanjin Shipping’s government-backed creditors are ready to provide the collapsed carrier with roughly 100 billion won
Of 98 container ships, 44 blocked from ports. U.S. firms take legal action over unpaid bills. Roughly half of Hanjin Shipping Co Ltd's container vessels have been blocked from ports since the South Korean firm's collapse, putting manufacturers and their customers increasingly on edge about the
About 10 Hanjin vessels effectively seized at China ports; Court says plans to start rehabilitations proceedings soon. Hanjin Shipping Co Ltd vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and