General

HD Hyundai Heavy Industries Union Moves Toward Third Consecutive Year of Strike

Demands include 140,000 KRW basic wage increase, retirement age extension Positions remain deadlocked after 11 rounds of negotiations Union vote on strike scheduled for July 2 The labor union of HD Hyundai Heavy Industries (HD Hyun..

News > General > 2025-06-29 14:20:02

Shell denies rumors of BP acquisition

Global energy company Shell has recently denied rumors that it is considering acquiring BP, one of the UK’s leading oil majors. The Wall Street Journal (WSJ) reported exclusively on the 25th (local time) that bankers from Shell..

News > General > 2025-06-27 11:48:35

EV Fire Dooms Morning Midas: PCTC Sinks off Alaska

Car carrier sinks after fire damage and bad weather thwart salvage attempts 3,000 vehicles onboard, including 800 EVs Two pollution-control tugs remain on site; no injuries reported The Morning Midas, a pure car and truck carrier (..

News > General > 2025-06-26 09:16:32

U.S. Pressure Shakes Korea’s Energy Policy Under Lee Jae-myung

“Climate-Energy Ministry faces credibility test before launch” Trump administration pushes Korea to join Alaska LNG project Korea’s 2038 gas reduction target in direct conflict IEEFA: “Both economic and envi..

News > General > 2025-06-26 09:12:36

Hengli secures government subsidy

Chinese shipbuilder Hengli Shipbuilding has reportedly secured government support worth approximately $17m to improve its financial health. According to industry sources, the shipbuilder’s holding company, Guangdong Songfa Cera..

News > General > 2025-06-25 15:29:16

Flex LNG to Voluntarily Delist from Oslo Bors in Mid-September

“Focusing on NYSE Listing to Reduce Regulatory Burden” Flex LNG, the LNG carrier owner led by shipping tycoon John Fredriksen, will voluntarily delist from the Euronext Oslo Bors on September 16, 2025. The company has c..

News > General > 2025-06-25 09:19:33

COSCO-CCS had talks on tech advancement

COSCO Shipping Heavy Industry (Dalian), a Chinese shipyard, recently co-hosted a "Ship Value-Added Business Exchange Seminar" with the China Classification Society (CCS). According to industry sources, the seminar featured ..

News > General > 2025-06-24 16:09:45

Tanker industry, "Alternative fuel safety is crucial"

The global oil tanker shipping industry is taking a cautious approach to preparing for future fuel choices, focusing on support for safety and regulatory issues. Against the backdrop of the worldwide decarbonization trend, tanker operat..

News > General > 2025-06-24 13:49:35

[Spotlight] Top U.S. Defense Officials to Visit Korea’s K-Defense Sites

State Dept. Assistant Deputy Secretary, DIU Executive to Tour Hanwha Ocean, KAI First-ever Korea visit by U.S. Defense Innovation Unit (DIU) Sign of rising status for K-Defense in global arms cooperation Top defense officials from ..

News > General > 2025-06-24 13:27:14

Daehan receives green light for KOSPI listing

Daehan Shipbuilding has received a positive signal in its initial public offering (IPO) process. According to industry sources, the South Korean mid-sized shipbuilder, which submitted its application to the Korea Exchange for a listi..

News > General > 2025-06-24 10:54:41