Shipbuilding has been part of South Korea’s economic miracle for almost 40 years. But shipbuilders are suffering a crisis of confidence today. It’s time for the country to decide whether it has a future in modern shipbuilding
North Asia CEO Robbert van Trooijen assets that Maersk has no intention of acquiring Hyundai Merchant Marine, quashing speculation that the latter’s entry into the 2M vessel sharing agreement portended a takeover by the world’s largest liner operator.
As insurgent attacks continue in Nigeria’s oil-rich Niger Delta, how safe is shipping? Martin Roberts, senior Africa analyst at IHS Country Risk, outlines the current threats and what lies ahead.
Record low dry bulk freight rates dragged Pacific Basin Shipping revenue down in the first half of 2016.
Drewry says 65 new LNG carriers need to be ordered between now and 2020 to meet the increase in LNG demand despite the current weak state of the market.
Oil pollution in South Korea's Busan port was 60 times worse in the first half of 2016 as a result of the incident involving car carrier.
Lower loss was due to the completion of problematic projects and lower material costs.
Taiwan International Ports Corporation (TIPC) has outlined its plans for the development of Kaohsiung Terminal 7 into a mega container ship hub that will be achieved through a partnership with global port operator DP World.
A one-year joint investigation to hunt down the ship responsible for an oil spill on Australia’s Great Barrier Reef has ended with Queensland authorities now filing the matter with the Commonwealth Department of Public Prosecutions.
Japanese carriers turned in a poor set of first-quarter results this week.
Singapore-listed offshore oil and gas players are rushing to distance themselves from the failing Swiber Holdings.
Chinese mining firms are calling for an anti-dumping probe into iron ore imported from Australia and Brazil.