Taiwan’s carrier Evergreen will add Subic to its existing Korea-Taiwan-Philippines (KTP) service from next month, utilising Subic’s New Container Terminals 1 and 2 operated by Manila-based International Container Terminal Services, Inc. (ICTSI).
Hopes of finding 22 crew members who have been missing for two days after a South Korean ore carrier sank in the South Atlantic appear to be fading, although the search for the seafarers continue.
South Korea’s government has on Thursday unveiled a KRW2.9trn rescue package for cash-strapped Daewoo Shipbuilding & Marine Engineering (DSME).
Classification society Korean Register (KR) has opened a new ICT (information communications technology) Center to enhance the developnent of advanced technology applications across the maritime and ship classification industries.
The South Korean car carrier vessel Morning Compass has been released by Libyan militants after being held captive for more than two days.
The credit exposure for South Korean banks to the country’s big three shipbuilders has been trimmed by KRW5.36trn ($4.67bn) in 2016 compared to the previous year due to restructuring efforts by the yards, reports said.
South Korea’s Samsung Heavy Industries (SHI) announced on Wednesday that it has recorded a loss of KRW139bn ($120m) in 2016, considerably narrowing from the deficit of KRW1.21trn in 2015.
The Korea Marine Equipment Association (KOMEA) has set up its first overseas representative office in Singapore, leveraging on the city-state’s status as a marine hub.