K Line has named the 174,000-cbm LNG carrier TOHO EMERALD at Samsung Heavy Industries in South Korea, with delivery scheduled for October 2026.
Busan Coast Guard searched the offices of six companies and a shipping association as the TNS Catcher investigation continues and six crew members remain missing.
South Korea is targeting 25 GW of offshore wind preliminary development zones by 2031 under a new government-led siting and permitting regime.
Kang Duk-soo, who built the former STX group, is returning to shipbuilding through D-Ocean Asset Management’s KRW 410 billion acquisition of control in SK Oceanplant.
Kim Heng and Heungwoo Industrial will establish Heungwoo Thaitan in South Korea, with the JV supporting HDD, pipe jacking and direct pipe business opportunities onshore and offshore.
SK ecoplant will sell its entire 35.62% stake in SK Oceanplant to a consortium led by The Ocean Asset Management for KRW410bn ($299m), with closing expected before year-end.
South Korea plans to support the transition of 889 private and public vessels to eco-friendly models by 2035 under its second basic plan covering the 2026-2035 period.
Ørsted has put its planned 1.4GW Incheon offshore wind project on hold and will not participate in South Korea’s upcoming fixed-price offshore wind bidding round.
PanStar Acro was scheduled to sail from Busan to Europe via the Northern Sea Route on South Korea’s first commercial Arctic voyage, carrying 837 TEU on a 40-45 day journey.
