Hyundai Heavy Industries (HHI) signed a definitive agreement last Friday to acquire Daewoo Shipbuilding & Marine Engineering (DSME), supported by DSME’s main creditor Korea Development Bank (KDB).

South Korean LNG project developer EPIK has penned an agreement with Hyundai LNG Shipping to develop FSRU projects on a global basis.

Labour unions are planning to stage a strike to potentially block the process of Hyundai Heavy Industries (HHI) acquiring and merging with its smaller rival Daewoo Shipbuilding & Marine Engineering (DSME), reports said.

South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its smaller rival Daewoo Shipbuilding & Marine Engineering (DSME), the local media has reported.

Qatar has revealed plans to order 60 new LNG carriers from South Korean shipyards, according to a Reuters report citing a statement issued by the Korean presidential office.

Polaris Shipping will install open-loop scrubbers on seven of its ships, using Langh Tech systems and retrofitting at South Korea’s STX Offshore & Shipbuilding.

South Korea’s Posco Daewoo and Brunei National Petroleum Company (PetroleumBRUNEI) have signed a memorandum of understanding to develop the LNG value chain business including LNG bunkering.

South Korea has announced an ambitious plan to boost its shipbuilding industry by promoting the production of environmentally-friendly ships and LNG bunkering, according to the ministry of trade, industry and energy (MOTIE).

South Korean Lim Ki-tack has won a unanimous vote from the 40 IMO member states on the ruling council to continue his second four-year term as IMO secretary-general.

With President Donald Trump completing his first year in office his efforts have been focused on actualising ideas that were voiced during the arduous 2016 sprint to the White House.

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