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South Korea’s HMM has approved a $1.62 billion investment in 12 containerships, combining eight new 13,000 TEU newbuildings with four resale feeder vessels.
South Korea’s PanStar Acro has returned to Busan after completing the country’s first container ship round trip to Europe via Russia’s Arctic Northern Sea Route.
Egypt and South Korea upgraded relations to a strategic partnership and signed shipbuilding and maritime cooperation memoranda, with Cairo pitching a Korean industrial zone inside the Suez Canal Economic Zone.
A South Korean harbor tug capsized while assisting an MSC containership off Busan, killing one crew member and leaving six others missing as a multi-day search operation continues.
An unnamed Greek shipowner has ordered six firm 115,000 dwt aframax tankers plus two options from South Korea’s SK Oceanplant in a deal worth up to $583 million.
