cargo ships Archives | Be Korea-savvy

Hyundai Shipyard Builds Ballast-Free Eco-Friendly Ship

SEOUL, Feb. 9 (Korea Bizwire) — Hyundai Mipo Dockyard announced on February 8 that it has developed a ballast-free design for ships that will go a long way towards preserving diverse marine ecosystems. Ballast or ballast water refers to water pumped into tanks located in the ship’s hull to keep the vessel in balance. Ballast [...]

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

SEOUL, Aug. 21 (Korea Bizwire) – The domestic shipbuilding industry was engulfed in a wave of low spirits as shipping publication “Tradewinds” and eBest Investment and Securities (eBest) both reported that French company CMA CGM had signed a letter of intent with two Chinese shipbuilding firms for nine container ships. The reason for the Korean [...]