South Korean

Two Multinational Anti-Piracy Task Forces Train Together in Gulf of Aden

Credits: Katherine McCormack/Unsplash

Ships from the South Korean and Italian navies sailed together and conducted combined training in the Gulf of Aden, May 17, while operating under two multinational maritime partnerships, Combined Maritime Forces and European Union Naval Forces.

Sharing Best Practices

Republic of Korea Navy ship ROKS Chungmugong Yi Sun-sin (DDH 975) and Italian Navy frigate ITS Luigi Rizzo (F 595) rehearsed ship and helicopter maneuvers while sharing best practices on vessel...

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Feeder Vessel Fetches ‘Bullish’ Price

Credit: Borderpolar Photographer/Unsplash

A feeder ship owned by South Korean operator Sinokor has been sold for what was described as a “bullish” scrap price, as cash buyers bet on a revival of ship demolition in Bangladesh, says an article published on the loadstar.

State-controlled banks

The 1997-built 1,608 teu Xiumei Shanghai, chartered to Sinokor subsidiary Heung-A Line, was sold for $4.66m.

Major cash buyer Global Marketing Systems noted that the previously subdued Bangladeshi ship recycling...

https://mfame.guru/feeder-vessel-fetches-bullish-price/

Korean Exports Surge by 46% Hits Monthly Record

Korea’s exports hit a monthly record in May, gaining 46%, strongest in 32 years says an article on Pulse.

Record Gain

South Korean exports surged by the raging pace of 46 percent in May, a double-digit monthly gain unseen since August 1988, as mainstay chips, automobiles and petrochemicals rode on faster-than-expected recovery in the global economy amid vaccination progress.

According to data released by the Ministry of Trade, Industry, and Energy on Tuesday, the country’s outbound shipments...

https://mfame.guru/korean-exports-surge-by-46-hits-monthly-record/

Contracts for Firm 33,000 Dwt Stainless Steel Chemical Tankers

South Korean yard Dae Sun Shipbuilding has won contracts from Ace Tankers for four firm 33,000 dwt stainless steel chemical tankers, due for delivery from the second quarter of 2023. The deal comes with options for four more ships. No price has been revealed for the tankers, reports Splash247.

Chem-Tankers

Amsterdam-based Ace Tankers has a fleet of 40 chemical tankers. The company was created in 2008 out of the joint venture formerly known as Chem-Tankers.

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https://mfame.guru/contracts-for-firm-33000-dwt-stainless-steel-chemical-tankers/