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S. Korean Maritime Safety App Helped Rescue 243 People Last Year

S. Korean Maritime Safety App Helped Rescue 243 People Last Year

SEOUL, Jan. 28 (Korea Bizwire) — The National Maritime Positioning, Navigation, and Timing (NMPNT) Office announced on Sunday that 243 people were rescued at sea last year thanks to Haeroad, a South Korean maritime safety application. Haeroad was first released in August 2014 to provide assistance to small fishing boats and leisure vessels that are [...]

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

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 [...]

S. Korea, Iran Reach Maritime Pact

S. Korea, Iran Reach Maritime Pact

SEOUL, March 2 (Korea Bizwire) – South Korea and Iran initialed maritimepacts encompassing shipping and fisheries, the government said Tuesday, paving the way for local companies to tap deeper into the oil-rich Middle Eastern country. The understanding allows ships from the two countries freely pass through the waters of each other’s countries and receive equal support in case [...]

New IACS Chairman to Focus on Goal-Based Standards, Cyber System Safety and Quality

New IACS Chairman to Focus on Goal-Based Standards, Cyber System Safety and Quality

LONDON, Sept. 14 (Korea Bizwire) — ABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming IACS chairman, emphasizing the unique role the organization plays in promoting global safety and security. The IACS strategic plan has been designed to address both the current and future needs of the shipping industry [...]