Category: South Korea

  • Korea Line offloads supramax quartet 

    SM Group’s Korea Line Corp has continued to offload tonnage, taking the number of ships exiting the fleet this year to ten. The Seoul-based diversified owner has been reported of selling a quartet of supramax bulkers en bloc, following a $53m deal to offload two capesizes to China’s Jiangsu Steamship. S&P sources suggest a deal…

  • Dynacom seals four Samsung suezmax newbuilds

    Greece’s Dynacom Tankers has been tied to a series of suezmax newbuilds at Samsung Heavy Industries. Clarksons reports George Procopiou’s company has signed up for four 158,000 dwt ships at $83m each, with deliveries scheduled throughout 2027. The Athens-based outfit, with nearly 70 tankers under management has a massive orderbook in China, including suezmaxes at…

  • K Line inks LNG carrier order at Samsung Heavy

    Kawasaki Kisen Kaisha (K Line) has been identified as the owner behind an order for a single LNG carrier at South Korean shipbuilder Samsung. Brokers have tied Japan’s third largest shipping company to a 174,000 cu m unit delivering by June 2027 at about $259m. Samsung has ordered LNG carriers at the Geoje-based shipyard before,…

  • Expansion plans laid out for HD Hyundai Vietnam Shipbuilding

    HD Hyundai Vietnam Shipbuilding will expand capacity to build 15 ships a year up from the current maximum of 12 with the company’s Korean parent revealing plans to potentially expand further to 23 ships a year by 2030.  The Vietnamese subsidiary of the Hyundai Heavy shipbuilding conglomerate is the largest, most advanced shipyard in Vietnam,…