Container carriers Yang Ming Marine Transport Corp, TS Lines and Korea Marine Transport Co (KMTC) have announced the introduction of a new East Asia route covering South Korea, Taiwan and Hong Kong from August 2017.
Korea Development Bank (KDB), KTB Asset Management (KTB) and Uni-Asia have signed a memorandum of understanding (MOU) on ship finance, tapping on KDB’s $1bn Ocean Value-up Fund Program.
Ailing South Korean shipbuilders going through a rough patch of debt restructuring are slowly getting back on their feet, as they recorded a rise in new orders in the first half of the year and are expecting more new contracts for the second half...
The Cebu International Container Port project has received approval for a soft loan from the South Korean government and is set to be completed by 2020, local reports said.
Container carrier APL has introduced a new Aloha Express (AEX) service, directly connecting Central China, South Korea, Japan to Hawaii.
Four South Korean ports have pledged to introduce shoreside power supply systems for ships at berth in an effort to mitigate air pollution, reports said.
Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries (HHI), has informed that Korea’s IMM Private Equity has agreed to increase its pre-IPO investment into Hyundai Samho to KRW400bn ($360m) from KRW300bn.
The embattled big three South Korean shipyards struggling to stay afloat amid the shipbuilding downturn are starting to see positive signs as they clinched new orders worth a combined $9.37bn in the first five months of this year.
South Korea’s Hyundai Merchant Marine (HMM) announced late on Tuesday that it has finalised a KRW850bn ($758.4m) sale-and-leaseback deal involving 10 containerships with Korea Shipping & Offshore.