South Korea, the US and Japan will discuss Arctic cooperation in New York, while Seoul says no decision has been made on a reported Arctic maritime and energy MOU.
A U.S. defense official visited Hanwha Ocean’s Geoje Shipyard, where Chungnam-class frigates are being built, as the U.S. considers options for its frigate fleet.
The Japan Coast Guard rescued three North Korean seafarers after South Korea organized a search and requested search and rescue cooperation from Japan and Russia.
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.
