A ship order with a very early delivery date from Sea Consortium, the parent of X-Press Feeders, has been revealed. Clarksons Research is reporting Sea Consortium has ordered a pair of 2,800 teu boxships at Hyundai Mipo in South Korea with delivery due in March and May 2027. The ships are costing...
https://splash247.com/sea-consortium-orders-boxship-pair-at-hyundai-mipo/
Piraeus and New York-based owner SteelShips has signed up for a fresh pair of medium-range product tanker newbuilds in South Korea. Shipbuilding sources report the Nicholas Notias-led outfit has returned to its go-to yard, K Shipbuilding, for two more 50,000 dwt units with delivery expected in...
https://splash247.com/steelships-back-for-more-k-shipbuilding-product-tankers/
Taiwanese containerline Wan Hai has returned to South Korean shipyards for a fresh series of methanol dual-fuel-ready 16,000 teu vessels. The Taipei-headquartered company has commissioned two newbuilds each at HD Hyundai Samho and Samsung Heavy Industries in a deal worth up to $816m. The units at...
https://splash247.com/wan-hai-ups-16000-teu-newbuild-series-in-south-korea/
Seoul, South Korea – In a major push toward decarbonizing maritime logistics, President Jae-young Byeon of the Ulsan Port Authority (UPA) and Chief Executive Sun-bae Hong of the Korea Maritime Cooperation Center (KMC) jointly announced the successful conclusion of the “2nd Forum on the Commercialization of Biofuels for Maritime...
Israeli carrier ZIM has been ordered to pay about $3.7m to Samsung Electronics America (SEA) for violating the US Shipping Act. The American affiliate of the Korean manufacturing giant filed a complaint with the Federal Maritime Commission (FMC) in October 2022, claiming Zim engaged in...
https://splash247.com/zim-ordered-to-pay-samsung-3-7m-for-us-demurrage-violations/
Advantage Tankers has reportedly added to its newbuilding orderbook in a deal for a brace of VLCCs in South Korea. Greece’s Xclusiv Shipbrokers note the Geneva-based owner and operator of about 25 ships has booked the two 320,000 dwt units at Hanwha Ocean at $126.5m each. Established in 2014, the...
https://splash247.com/advantage-tankers-tied-to-south-korean-vlcc-orders/
The Korean-controlled Philly Shipyard is gearing up to build the first LNG carriers in America since the 1970s. Following last week’s announcement by the US Trade Representative (USTR) on port fees designed to boost American shipbuilding, Hanhwa Ocean, which bought Philly Shipyard last year, has...
https://splash247.com/philly-shipyard-steps-forward-to-meet-us-lng-carrier-requirements/
Nieto Trading has been linked to a newbuilding order at South Korean shipbuilder HD Hyundai Mipo for a pair of LPG carriers. Shipbuilding sources report the Dutch-based trading arm of Mexican Nieto Group has signed up for 45,000 cu m units in a deal worth around $163m. The newbuilds should deliver...
https://splash247.com/nieto-trading-signs-for-hd-hyundai-mipo-lpg-carrier-brace/
With Donald Trump widely tipped to pass judgement on extra fees for Chinese-linked tonnage calling at US ports in the next couple of days, another wrinkle has emerged that has not been widely discussed in Washington to date. Trump’s tariff war against China late last week backtracked as his...
https://splash247.com/japanese-and-korean-yards-with-investments-in-china-on-edge/
Like they did belatedly during the last great shipbuilding boom, South Korea’s largest three shipbuilders are finally looking overseas for expansion. During the shipping boom of 2003 to 2008, Korean yards expanded belatedly massively at home and overseas, only to be hit by more than a decade’s...
https://splash247.com/koreas-big-three-yards-scout-overseas-acquisitions/