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Shipbuilding
Peru and South Korea Forge Submarine Development Partnership
On December 21, HD Hyundai Heavy Industries (HD HHI) announced the signing of a significant “Next-Generation Submarine Joint Development Agreement”…
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Shipbuilding
MSC Strikes Deal for Construction of Bagamoyo Port in Tanzania
After years of stalled negotiations, the Bagamoyo Port project in Tanzania is set to advance significantly. The Tanzania Ports Authority…
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Shipbuilding
Turkey Unveils Ambitious Aircraft Carrier Plans
Turkey has announced a significant revision to its first-ever aircraft carrier, now set to measure 300 meters (approximately 984 feet)…
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Shipbuilding
SFL Corporation Sells Two Older Suezmax Tankers
SFL Corporation, backed by shipping magnate John Fredriksen, is taking decisive steps to reshape its tanker portfolio through the sale…
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Shipbuilding
Foreign Labour Crisis Looms Over South Korea’s Shipbuilding Industry
On the afternoon of the 17th, a group of around 20 employees at HD Hyundai Heavy Industries’ Ulsan Shipyard rallied…
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U.S. Intercepts Oil Smuggling Ship Off Venezuela
The recent interception of the cargo ship Skipper by U.S. forces off the coast of Venezuela highlights the ongoing battle…
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Fishing Vessel Rescued After Engine Failure in Sea of Japan
On December 21, a 59-ton fishing vessel encountered a serious situation in the Sea of Japan near Imwon, South Korea.…
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Shipbuilding
Cochin Shipyard Shares Surge Amid Defence Sector Optimism
Shares of Cochin Shipyard Ltd experienced a significant boost on Monday, climbing over 6% in intraday trading. This surge reflects…
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Shipbuilding
Bureau Veritas Launches First Methanol Dual-Fuel Ship
Bureau Veritas Marine & Offshore (BV) has achieved a significant milestone by classifying its inaugural methanol dual-fueled container ship, the…
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Fishing Vessel Grounds Off Dadaepo, Injuries Reported
On December 16, a fishing vessel weighing 9.7 tons ran aground in the Sea of Japan near Dadaepo, Saha-gu, Busan,…
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