Orders add to growing trend in feeder vessel newbuildings amid rising charter rates.
Three additional VLCCs booked at Daewoo Shipbuilding & Marine Engineering after maiden order in early 2018
Creditors sell off facility after unsuccessful attempts to find buyer for SPP Shipbuilding
Orders come amid sky-high charter rates and healthy long-term outlook.
Healthy charter rates for feeder ships prompt investment
Contract is part of strategy to increase cargo volumes and business for South Korean liner operators
The South Korean government will spend KRW20.2 billion (USD18 million) to develop a logistics cluster around the northern mouth of Incheon port.
Following a dip to zero after trade restrictions were lifted, floating storage volumes are now bouncing back.
Insolvent shipbuilder to be sold piecemeal to attract buyers.
Re-organisation of commodity group renews shipowners’ confidence