SEOUL, Jan. 5 (Korea Bizwire) – South Korea’s anti-piracy unit began operations in waters near the Strait of Hormuz on Tuesday to respond to heightened tensions after Iran’s seizure of a South Korean oil tanker, officials said. On Tuesday, Iran’s Islamic Revolution Guards Corps seized the tanker, MT Hankuk Chemi, due to what Teheran claims to [...]
SEOUL, Dec. 5 (Korea Bizwire) – Russia’s state-owned shipping line Sovcomflot may award its oil tanker shipbuilding deal to a South Korean shipbuilder in the near future, with its management recently visiting Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., industry sources said Monday. According to the report from global shipping industry tracker Tradewinds [...]
SEOUL, Oct. 28 (Korea Bizwire) – Samsung Heavy Industries Co., a leading South Korean shipbuilder, said Friday it has clinched a 200 billion-won (US$170 million) deal to build three tankers. Under the agreement with Nordic American Tankers Ltd., a Norwegian shipper, it will construct three Suezmax oil tankers of about 157,000 deadweight tons (DWTs) to [...]
SEOUL, May 26 (Korea Bizwire) – Hyundai Heavy Industries (HHI) recently set a milestone with the delivery of its 2,000th ship. The achievement is an unprecedented record, unmatched by shipyards in Europe and Japan with more than 100 years of shipbuilding history. On May 25, HHI announced that it became the world’s first shipbuilder to deliver [...]