Moon Jae News

South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan's new military submarine program, according to a police document seen by Reuters and two people familiar with the matter.In a Feb. 17, 2022, affidavit to a judge seeking the arrest of SI Innotec executive director Park Mal-sik, police said authorities feared a repeat of the sweeping sanctions imposed by Beijing in 2016, after Seoul decided to install THAAD, a U.S. anti-missile system.

A South Korean court on Saturday issued arrest warrants for a former defense minister and a former coast guard chief over their alleged mishandling of the death of a state fishery ministry employee at the hands of North Korean troops two years ago.The decision by the Seoul Central District Court, which cited risks of them fleeing or destroying evidence, came days after the prosecutors on Tuesday filed for arrest warrants and follows an investigation by the government that showed…

Italian energy industry giant Eni said Monday it had held the naming and sail away ceremony for the Coral-Sul FLNG unit, the first floating LNG facility ever to be deployed in the deep waters of the African continent. The event took place at Samsung Heavy Industries shipyard in Geoje, South Korea, in the presence of Filipe Jacinto Nyusi, President of the Republic of Mozambique, and H.E. Moon Jae-in, President of the Republic of Korea.The FLNG, which is part of the Coral South Project, will be now towed and moored at its operating site in the Rovuma basin offshore Mozambique.

South Korea's prime minister and defense minister apologized as hundreds of COVID-19-infected sailors were flown to Seoul on Tuesday after a navy destroyer patrolling the waters off Africa was found to be riddled with the coronavirus.Almost 250 of the 301 unvaccinated crew aboard the destroyer Munmu the Great were infected, sparking a public furor at the government's failure to protect those serving abroad. read moreThe whole crew arrived home on Tuesday after the government carried out an emergency air evacuation…

South Korea is sending a medical team to the Middle East to tackle a coronavirus outbreak on one of its ships on anti-piracy patrol while at home, new daily infections are hovering around record levels with 1,600 reported on Thursday.South Korea was for months a coronavirus success story as it kept outbreaks under control with testing, tracing and social distancing but the Delta variant has been fueling a new wave of persistent infections in recent weeks.The outbreak on the South Korean destroyer with some 300 service members on board operating in the Gulf of Aden is another headache for the a

South Korean ocean carrier HMM held a naming ceremony for the newly constructed 24,000 TEU-class containership HMM Algeciras, the world’s largest containership, at the Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje, Korea.The 399.9-meter HMM Algeciras is the first of a dozen 24,000 TEU-class vessels scheduled to be delivered this year, and takes the "world's largest" title from the 23,656 TEU Gülsün-Class ships owned by Mediterranean Shipping Co (MSC).In September 2018…

Norwegian paints and coatings company Jotun Group announced that  it signed a memorandum of understanding with the world’s largest shipyards for a new type of marine paint that reduces solvent emissions by up to 90 percent.A memorandum of understanding has been signed with Korean Hyundai Heavy Industries (HHI). This is the starting point of a closer cooperation and the use of a new, innovative solvent-free primer.The signing took place between Jotun's chairman Odd Gleditch (Jr). and HHI's Chief Executive Ka Sam-Hyun during the South Korean President's state visit to Norway in June. South Korea's Minister of Industry Yunmo Song attended the signing ceremony."The partnership with Jotun will allow HHI…

North Korea said on Tuesday the seizure of one of its cargo ships by the United States was an illegal act that violated the spirit of a summit between the two countries' leaders, and demanded the return of the vessel without delay.The North's foreign ministry said in a statement that it rejected U.N. Security Council resolutions against it which the United States cited in impounding the vessel, as a violation of its sovereignty."The United States committed an unlawful and outrageous act of dispossessing our cargo ship," an unnamed ministry spokesman said in a statement carried by the North's official KCNA news agency."The latest U.S.

French engineering company GTT said it has signed a Memorandum of Understanding (MOU) with Korean thermal insulation specialist Dongsung Finetec to commercialize GTT's LNG Brick technology for liquefied natural gas (LNG) as fuel applications.LNG Brick will eventually be built by Dongsung Finetec and will be outfitted on a large range of commercial vessels such as container vessels, bulk carriers and pure car and truck carriers (PCTC).With the entry into force of the International Maritime Organization's global sulphur cap regulations in January 2020, limiting sulphur emissions to 0.5 percent throughout the whole world seas, and considering the economics of LNG…

A South Korean company’s claims that it has discovered the wreck of a Russian warship containing $130 billion in gold “treasure” off South Korea has been met with scepticism from researchers and regulators in Seoul.Shinil Group, which was established last month, said on Tuesday it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser built in the 1880s and sunk in 1905 after battling Japanese warships.The company said the ship held 150 trillion won ($130 billion) in gold and it would provide evidence next week to support its claim.

The United Nations has blacklisted a North Korean ship for receiving oil in an October transfer that breached U.N. sanctions, as first revealed by Reuters. Reuters in December reported that Russian tankers had supplied fuel to North Korea, which relies on imported fuel to keep its struggling economy functioning, by transferring cargoes at sea. European security sources told Reuters that a Russian vessel conducted a ship-to-ship transfer with the North Korean-flagged Sam Ma 2 tanker in open seas during October. "A DPRK-flagged (Democratic People's Republic of Korea) tanker, SAM MA 2 owned by Korea Samma Shipping Company, conducted a ship-to-ship transfer of oil and fabricated documents in mid-October 2017…

The United Nations Security Council blacklisted dozens of ships and shipping companies on Friday over oil and coal smuggling by North Korea, boosting pressure on Pyongyang as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts. The council's North Korea sanctions committee acted on a request by the United States, designating 21 shipping companies -- including five based in China -- 15 North Korean ships, 12 non-North Korean ships and a Taiwanese man. The…

President Moon was visiting Daewoo Shipbuilding and Marine Engineering`s Okpo Shipyard in Geoje, Gyeongsangnam-do Province, to inspect the shipbuilding yard of an icebreaker arctic liquefied natural gas (LNG) tanker. “The government will protect and bring up your hope,” he said. The icebreaker LNG carrier the president inspected is equipped with state-of-the-art technology that`s specialized in polar regions. It enables the ship to safely navigate cold weather in temperatures as low as minutes 52 C. The tanker is also designed with a special ship structure that has a 70 mm thick ultra-high-strength steel hull that can protect the carrier from breaking or colliding against the ice.

Fifteen tankers will be built at South Korean shipyards to transport the products of the Yamal LNG plant, TASS cites Russian President Vladimir Putin as saying. “We have noted with satisfaction the successful cooperation in the energy sector: South Korean companies are participating in the Sakhalin-1 and Sakhalin-2 projects, we are working on the issue of increasing purchases of liquefied natural gas,” the report quoted President Putin. Besides, Vladimir Putin marked the advantages of the potential involvement of South Korean companies in the construction of infrastructure facilities in Russia, including the modernisation of Far Eastern ports and shipyards and the joint development of the Northern Sea Route.

During the quarter ended June 30, 2017, there was continued momentum in the start-up of new LNG liquefaction capacity with the fourth train at Sabine Pass commencing commercial production. Later this year, Wheatstone in Australia and Cove Point on the east coast of the U.S. are expected to start production. In total, Wood Mackenzie estimates that projects with approximately 28 million tonnes per annum ("mtpa") of nameplate capacity will come online in 2017. In addition, Shell's 3.2 mtpa floating liquefaction facility "Prelude" departed Samsung en route to the Browse Basin, offshore Australia. Sabine Pass shipped 48 cargoes in the second quarter of 2017…

Missiles flew about 200 km into sea off east coast - S.Korea; launch is fourth by Pyongyang in four weeks. North Korea fired what appeared to be several land-to-ship missiles off its east coast on Thursday, South Korea's military said, a day after the South postponed full deployment of a controversial U.S. anti-missile system designed to deter a North Korean attack. The launches, the latest in a fast-paced series of missile tests defying world pressure to rein in its weapons programme, come less than a week after the United Nations Security Council passed fresh sanctions on the reclusive state. South Korea on Wednesday said it will hold off on installing remaining components of the U.S.