South Korea
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Decarbonization
Carbon Levy for Shipping Delayed Again
The world’s first carbon levy mechanism aimed at reducing greenhouse gas emissions from international shipping has hit a significant roadblock.…
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Shipbuilding
Qingdao-Jeju Shipping Route Launches Amid China’s Shipbuilding Dominance
A new direct container shipping route between Qingdao, China, and Jeju, South Korea, officially launched on Thursday, marking a significant…
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Shipbuilding
Bahri Extends Key Oil Transport Deal with S-Oil
Saudi Arabia’s leading shipping company, Bahri, has solidified its long-standing relationship with South Korean refiner S-Oil by renewing a crucial…
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Shipbuilding
US and South Korea Forge Shipbuilding Alliance
In a significant development for the maritime industry, South Korea has proposed a bold initiative to revitalize the United States’…
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Bulk Carrier
Ulsan Port Achieves Milestone with First Bulk Carrier Methanol Bunkering
In a significant advancement for sustainable shipping, Ulsan Port in South Korea has successfully completed its first methanol bunkering operation…
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Shipbuilding
New Tool Reveals Stranded Asset Risks for Shipping Industry
During New York Climate Week, the University College of London Shipping and Oceans Research group, in collaboration with the Kuehne…
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Shipbuilding
Exmar diversifies with suezmax tanker order in South Korea
Belgian shipping company Exmar is making a significant leap into the crude oil sector by ordering four new suezmax tankers.…
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Shipbuilding
HD Hyundai eyes US yard in bid to cash in on Trump’s shipbuilding revival
South Korea’s HD Hyundai Heavy Industries is actively negotiating with several companies to acquire a U.S. shipyard, aiming to capitalize…
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Shipbuilding
U.S. signals flexibility on South Korea shipbuilding cooperation
A senior official from the Trump administration has indicated a potential shift in U.S. policy regarding shipbuilding cooperation with South…
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Shipbuilding
Hanwha Ocean wins first orders from Yang Ming
In a significant move for the maritime industry, South Korea’s Hanwha Ocean has secured a contract valued at KRW 1.93…
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