Hyundai Heavy delivers second missile frigate to the Philippine NavyThe joint inspection team of the Department of National Defense (DND) and the Philippine Navy (PN) have approved the delivery and acceptance of the future BRP Antonio Luna (FF151).
Iran plans to allow South Korean crew to leave from tankerAccording to Iranian foreign ministry spokesman Saeed Khatibzadeh, Iran says it will allow the crew of a South Korean tanker that it seized for alleged environmental pollution to leave the country.
Samsung, Hyundai and Daewoo to compete to platforms of PetrobrasThree consortiums including Asian shipyards are planning to bid to build the first two in-house platforms of the Brazilian state-controlled oil giant Petrobras in more than seven years.
Samsung Heavy to build two large containerships for unnamed clientSouth Korean shipbuilder Samsung Heavy Industries (SHI) has received an order from an undisclosed company based in Oceania for two large containerships.
Hyundai Mipo receives order for petrochemical carrier pairSouth Korean shipbuilder Hyundai Mipo Dockyard has signed a sales and supply contract worth KRW 80 billion ($72.7 million) for two petrochemical product carriers.
Samsung Heavy launches GasLog's LNG carrier newbuildGasLog's newbuild LNG carrier has been launched by South Korean shipbuilder Samsung Heavy Industries (SHI).
Avance Gas Holding orders two 91,000 cbm VLGCs from DaewooTwo 91,000 cbm, liquefied petroleum gas (LPG) dual-fuel very large gas carriers (VLGCs) in South Korea have been ordered by Norway-based shipping company Avance Gas Holding.
Iran holds navy drills in Persian GulfTo strike back against US-led attempts to isolate it economically, Iran has used its leverage over the Persian Gulf. The seizure of the tanker was linked by a government spokesman to billions of dollars trapped in South Korea by US sanctions.
South Korean Navy formally commissions Daegu-class frigate ROKS GyeongnamOn 4 January, the Republic of Korea Navy formally commissioned its second Daegu-class ROKS Gyeongnam frigate (FFG-819), the ROK Armed Forces announced.
Hyundai-Daewoo merger to be finalized in the first half of 2021Hyundai Heavy Industries Holdings (HHIH), the South Korean shipbuilding giant, plans to complete the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by the end of the first half of 2021.
Busan Port Authority set its total cargo goal for 2021 at 22,700,000 TEUThe Port Authority of Busan has set its total cargo throughput goal of 22,700,000 TEU for 2021. This is a rise of 4.3 percent from 2020 and 1 percent more than the 22,495,000 TEU expected for 2021.
South Korean Armed Forces begins to work on light aircraft carrierTo improve its defense capability, the South Korean Armed Forces agreed to begin the project to acquire a light aircraft carrier.
Busan Port aims to become a regional hub city for air mobilityThe southern port city of Busan in South Korea aims to become a regional hub for the development of a dedicated urban air mobility ecosystem using its maritime climate and logistics infrastructure.