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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


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


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


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


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


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


NMM lines up Box Buy

Courtesy of Navios Maritime Partners

  Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party


Korean Shipbuilding Investment Creating Risk for Government: OECD

Two of Korea's major shipbuilding financiers are creating fiscal risks for the government due to the shipbuilding industry's struggles, the Organization for Economic Cooperation and Development (OECD) warned yesterday. The report comes just days after Korean shipyards retook the number one spot


Hanjin pulls Out of Portland

Picture by Hanjin Shipping

 South Korean shipping company Hanjin Shipping will be terminating its service with the city, said Port of Portland officials. But the port’s largest container carrier will continue to use rail and truck transportation.  Hanjin Shipping notified the port and customers it will


GTT Bags Order for 6 New LNGCs

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has placed an order with Gaztransport & Technigaz (GTT), designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG)


KR Statutory Services Authorized in Canada

Korean Register (KR), an IACS member classification society, has been fully authorized by the Marine Safety and Security Division of Transport Canada to perform statutory services on behalf of the government of Canada.    KR is now able to conduct relevant surveys


Hyundai Glovis Signs $100m Qatari Shipping Deal

Image: Hyundai Glovis

Hyundai Glovis Co., South Korean shipping firm, clinched a $100 million shipping service contract with a building materials firm in Qatar, reports Yonhap news agency.  According to the agreement signed with state-run Qatar Primary Materials Co


GTT Bags Order from DSME for LNGC for Chandris

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has won an order for one liquefied natural gas carrier (LNGC).   The ship will be built by the Korean shipbuilder Daewoo Shipbuilding


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


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 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)


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.  


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


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


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).   


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






 
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