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U.S. Navy Tracks North Korean Ship

According to a June 18 report from Reuters, the United States is monitoring a North Korean ship for weapons and has deployed anti-missile assets to the Pacific in case Pyongyang launches more missiles, U.S. officials said. The U.S. Navy is monitoring a vessel called Kang Nam at sea under new U.N. sanctions that bar North Korea from exporting weapons, including missile parts and nuclear materials, they said. (Source: Reuters)


Ninety North Korean Ships Granted Entry to Japan

Ninety North Korean vessels were granted certificates to enter Japanese ports in the eight months since a new law that bans entry of any ship without insurance took effect, according to a Daily Yomiuri report. The law on liability for oil pollution damage, which came into force on March 1, requires vessels of 100 tons or larger to be insured before docking in Japan. It had been viewed as a de facto economic sanction


Freight Rate Hikes Benefit South Korean Shipping Firms

South Korea’s major shipping companies benefited in 1999 from freight rate hikes and lower foreign debt service costs resulting from the won’s surge against the dollar, analysts said. However, they said, expectations of rising shipping capacity following more deliveries of new ships would weigh down the growth of revenues for shipping firms this year. Container shipping rates rose about six percent on average last year, which is in line with the country’s recovering exports, one analyst said


EU, S. Korea Will Try Last Minute Negotiations

European Union (EU) and South Korean officials meet next week to try to settle a row over alleged subsidies to Korean shipyards and avert an EU threat to take the dispute to the World Trade Organization. Negotiators meet in Brussels on Monday and Tuesday. It could be the last chance for an amicable solution of the row over the EU's allegations that Seoul pays its shipbuilders illegal subsidies, subsidies which it says threaten the existence of European competitors


South Korean Ship Orders Up 127% In 1999

Combined orders received by South Korean shipbuilders totaled 12.72 million gt for 227 ships in 1999, up 127.2 percent from a year earlier, according to the Korea Shipbuilders' Association said. New orders received in December alone totaled 3.71 million GT for 66 ships, the association said in a statement. Ships completed in 1999 amounted to 9.48 million gt for 163 ships, up from 7.28 million gt for 143 ships a year earlier, it said


Pirates Hijack South Korean Ship

According to the Washington Post, Pirates captured a South Korean-flagged fishing vessel off the coast of Somalia on Tuesday and efforts by a U.S. Navy ship and a Dutch vessel to intervene were abandoned when members of the South Korean crew were threatened with guns and the ship slipped into Somali territorial waters, the Navy said. It was the latest in a series of incidents off the coast of Somalia. On March 18, two U.S


Korean Shipbuilder Considers Project in Khanh Hoa

A South Korean ship manufacturer is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa that should be able to build giant vessels of up to 400,000 DWT, a local official said. A source from the provincial Service of Planning and Investment said South Korea’s STX Shipbuilding Co., a member of STX Group, has proposed to develop a shipyard costing $500m at Van Phong Bay. The proposal has received preliminary support from the provincial


Korean Shipyard Orders Alfa Laval PureBallast

Alfa Laval, a heat transfer, centrifugal separation and fluid handling, has received two orders of record size for Alfa Laval PureBallast systems from two leading ship yards in Korea. The systems will be installed on board 14 vessels built for A.P Møller – Maersk. The total order value is about 80 MSEK and the delivery is scheduled for 2011 and 2012. “These are groundbreaking orders in many ways,” said Lars Renström, President and CEO of the Alfa Laval Group


Divers Struggle in Search for Ferry Survivors

Rescuers struggle with waves, murky waters; Captain faces charge of abandoning South Korean ferry. About 290 people still missing, many of them teenagers. Rescuers struggled with strong waves and murky waters on Thursday as they searched for hundreds of people, most of them teenagers from the same school, still missing after a South Korean ferry capsized 36 hours ago. Coastguard, navy and private divers scoured the site of the accident


South, North Korea Exchange Naval Fire

A South Korean naval ship fired warning shots on Tuesday after a North Korean patrol boat crossed a disputed sea border off the peninsula's west coast and fired shots back before retreating, a South Korean defence official said. There were no casualties on the South Korean side, he told Reuters. The area has been the scene of clashes in the past that killed scores of sailors on both sides, with North Korean vessels frequently crossing the so-called Northern Limit Line


US Navy Using Advanced Equipment in AirAsia Search

The littoral combat ship USS Fort Worth (LCS 3) operates near the location where the tail of AirAsia Flight QZ8501l was discovered. Fort Worth is currently supporting Indonesian-led efforts to locate the downed aircraft. (U.S. Navy photo by P. Turretto Ramos)

An eight-member team from Mobile Diving and Salvage Unit (MDSU) 1 onboard USS Fort Worth (LCS 3) is supporting the ongoing Indonesian-led search effort for AirAsia flight QZ8501 with advanced Tow Fish side scan sonar systems capable of providing high-resolution images of the ocean floor.  


DSME Orders GTT Membranes for 3 Teekay LNGCs

Liquefied Natural Gas (LNG) membrane containment systems designer GTT has received an order for three large Liquefied Natural Gas Carriers (LNGCs), the company reported.   The three ships, to be built by the Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME)


Maran Orders 4 LNGCs from DSME

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will build four large Liquefied Natural Gas Carriers (LNGC) for Maran Gas.   The four LNGCs are expected to be delivered between 2017 and 2019 and will be built with the NO96-GW technology


DSME Building 5 Icebreaking LNGCs for Yamal

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is building five large Arctic Liquefied Natural Gas Carriers (LNGCs), for which it has LNG ordered membrane containment systems from designer GTT.   These five ARC 7 LNGCs for Yamal Trade are expected to be delivered


HHI Subsidiary to Shed POSCO Stake

Hyundai Mipo Dockyard Co Ltd said on Tuesday it had decided to sell a stake worth 286 billion Korean won ($260.46 million) in steelmaker POSCO , in a bid to improve its balance sheet. Hyundai Mipo, a shipbuilding affiliate of world's largest shipbuilder, Hyundai Heavy Industries


HHI to Build FSRU for Höegh LNG

A new Floating Storage and Regasification Unit (FSRU) will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI). This FSRU will be the fifth in the series at HHI and the seventh in total owned by the Norwegian Company Höegh LNG.


One dead, Dozens Missing as S.Korean Vessel Sinks

One person was killed and the fate of more than 50 others was unknown after a South Korean fishing vessel sank in the Bering Sea off the coast of Russia's far eastern Chukotka region officials said on Monday. "When the fish were being hauled in, the vessel was hit by a wave


Weather Hampers Search for Missing After Korean Trawler Sinks

More than 50 people remain missing a day after a South Korean fishing vessel sank in the Bering Sea off the coast of Russia's far eastern Chukotka region as severe weather conditions hampered a rescue operation, officials said on Tuesday.


Nordic American Tankers Announces Newbuild Plan

Two new Suezmax newbuilding tankers increase NAT's fleet size to 24 vessels. Nordic American Tankers Limited (NAT) has announced that it has entered into a preliminary agreement with Sungdong Shipbuilding & Marine Engineering Co., Ltd


Luxembourg Authorizes KR for Statutory Services

Jeon Jeong-chong, General Manager of KR’s Convention & Legislation Service Team, with Robert Biwer, Commissioner for Maritime Affairs, Government of the Grand-Duchy of Luxembourg (Photo: KR)

Korean Register authorized to deliver statutory services to Grand-Duchy of Luxembourg   Korean Register (KR), an IACS member classification society, announces that it has signed an MOU governing the delegation of statutory certification services for vessels registered in the Grand-Duchy of


Shipbuilding: NAT Finalizes Deal for Two New Tankers

On December 9, 2014, Nordic American Tankers Ltd. announced that preliminary contracts had been entered into with a South Korean shipyard, for the construction of two suezmax tankers to be delivered in the third quarter 2016 and first quarter 2017. The final documents were signed December 19, 2014


S.Korea Nuclear Operator says Cyberattacks Continue, Reactors Safe

The Shin Kori 3 nuclear power plant

  South Korea's nuclear power operator said on Sunday that cyberattacks on non-critical operations at the company's headquarters are continuing but the country's nuclear power plants are operating safely and are secure from attack. Korea Hydro & Nuclear Power Co Ltd has been


RS to Class Newbuild Arctic Tankers

Russian Maritime Register of Shipping (RS) has signed an agreement with South Korean yard Samsung Heavy Industries Co. LTD for design approval and survey under construction of a new series of 42,000 dwt Arctic shuttle oil carriers (project 42К Arctic Shuttle Tanker).   


India's GAIL Postpones LNG Tender; No Takers

Gail India

The state-owned gas utility GAIL (India) has postponed the tender date for its $7.6 billion newly built LNG ships for the third time as it did find any takers.   The state-owned gas utility GAIL has for the third time postponed the last date of bidding


South Korean Shipyard Orders Plunge

South Korean shipbuilders (Image: Koshipa)

As the global shipbuilding orders have declined due to fall in oil prices, the South Korean shipbuilders have also experienced a steep fall in order levels too, says latest data.   Industry data by global market researcher Clarkson Research Services released today (Friday) revelealed that






 
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