Korea Joongang Daily
Korea JoongAng Daily

Smooth sailing in Q1 for top shipbuilders on strong sales growth

The country's three biggest shipbuilders all logged operating profit in the first quarter on the back of rising ship prices and reduced production costs.

2024-04-26

South sanctions vessels smuggling oil, coal, workers in and out of North

South Korea sanctioned 11 vessels on Wednesday for bringing refined oil to North Korea or engaging in transshipment of goods with North Korean vessels in violation of the UN Security Council resolutions...

2024-01-17

Bracing for the North’s multi-front provocations (KOR)

North Korea’s provocation cannot help the survival of the Kim Jong-un regime or the livelihoods of North Koreans.

2022-10-26

Bracing for the North’s multi-front provocations

North Korea’s provocation cannot help the survival of the Kim Jong-un regime or the livelihoods of North Koreans.

2022-10-25

Avikus to supply Korean shipping companies with autonomous navigation technology

Avikus, Hyundai Heavy Industries’ subsidiary specializing in autonomous navigation technology, signed an order with two Korean shipping companies to install an autonomous navigation solution for large ships.

2022-08-09

KSOE wins order for offshore patrol vessels from the Philippines

Korea Shipbuilding & Offshore Engineering (KSOE) received a 744.9 billion won ($579.5 million) order for six offshore patrol vessels (OPVs) from the Philippines. KSOE, 35.05 percent owned by Hyundai Heavy Industries (HHI) Holdings...

2022-06-27

HMM's net rises 4,200 percent to 5.33 trillion won in 2021

HMM's net profit rose 4,200 percent to 5.33 trillion won ($4.6 billion) in 2021 as shipping rates increased.

2022-02-14

Shipbuilders have fat order books for 2021

Korea's three major shipbuilders have surpassed their targets for ship orders this year.

2021-09-20

Shipbuilders sign 23.6 trillion won LNG vessel deal with Qatar

Three major Korean shipbuilders have inked a 23.6 trillion won ($19.26 billion) deal with a Qatar-based petroleum company to provide 100 liquid natural gas (LNG) ships over the next seven years, announced Qatar Petroleum Monday.

2020-06-02