According to a June 18 report from Reuters, the United States is monitoring a North Korean ship for weapons and has deployed anti-missile assets to the Pacific in case Pyongyang launches more missiles, U.S. officials said. The U.S. Navy is monitoring a vessel called Kang Nam at sea under new U.N. sanctions that bar North Korea from exporting weapons, including missile parts and nuclear materials, they said. (Source: Reuters)
Ninety North Korean vessels were granted certificates to enter Japanese ports in the eight months since a new law that bans entry of any ship without insurance took effect, according to a Daily Yomiuri report. The law on liability for oil pollution damage, which came into force on March 1, requires vessels of 100 tons or larger to be insured before docking in Japan. It had been viewed as a de facto economic sanction
South Korea’s major shipping companies benefited in 1999 from freight rate hikes and lower foreign debt service costs resulting from the won’s surge against the dollar, analysts said. However, they said, expectations of rising shipping capacity following more deliveries of new ships would weigh down the growth of revenues for shipping firms this year. Container shipping rates rose about six percent on average last year, which is in line with the country’s recovering exports, one analyst said
European Union (EU) and South Korean officials meet next week to try to settle a row over alleged subsidies to Korean shipyards and avert an EU threat to take the dispute to the World Trade Organization. Negotiators meet in Brussels on Monday and Tuesday. It could be the last chance for an amicable solution of the row over the EU's allegations that Seoul pays its shipbuilders illegal subsidies, subsidies which it says threaten the existence of European competitors
Combined orders received by South Korean shipbuilders totaled 12.72 million gt for 227 ships in 1999, up 127.2 percent from a year earlier, according to the Korea Shipbuilders' Association said. New orders received in December alone totaled 3.71 million GT for 66 ships, the association said in a statement. Ships completed in 1999 amounted to 9.48 million gt for 163 ships, up from 7.28 million gt for 143 ships a year earlier, it said
According to the Washington Post, Pirates captured a South Korean-flagged fishing vessel off the coast of Somalia on Tuesday and efforts by a U.S. Navy ship and a Dutch vessel to intervene were abandoned when members of the South Korean crew were threatened with guns and the ship slipped into Somali territorial waters, the Navy said. It was the latest in a series of incidents off the coast of Somalia. On March 18, two U.S
A South Korean ship manufacturer is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa that should be able to build giant vessels of up to 400,000 DWT, a local official said. A source from the provincial Service of Planning and Investment said South Korea’s STX Shipbuilding Co., a member of STX Group, has proposed to develop a shipyard costing $500m at Van Phong Bay. The proposal has received preliminary support from the provincial
Alfa Laval, a heat transfer, centrifugal separation and fluid handling, has received two orders of record size for Alfa Laval PureBallast systems from two leading ship yards in Korea. The systems will be installed on board 14 vessels built for A.P Møller – Maersk. The total order value is about 80 MSEK and the delivery is scheduled for 2011 and 2012. “These are groundbreaking orders in many ways,” said Lars Renström, President and CEO of the Alfa Laval Group
Tanker owners, as reflected in global market share, prefer to order from Korean shipyards according to a recent analysis According to a Gibson market report, quoted by KOMEC-Korea, as many as half of China's shipbuilders are likely to go out of business over the next two to three years. Korean yards have taken 55% of all new tanker orders placed so far this year. As demand for Eco ships or more specialised tonnage takes off, it is Korean yards which are likely to benefit the most.
Rescuers struggle with waves, murky waters; Captain faces charge of abandoning South Korean ferry. About 290 people still missing, many of them teenagers. Rescuers struggled with strong waves and murky waters on Thursday as they searched for hundreds of people, most of them teenagers from the same school, still missing after a South Korean ferry capsized 36 hours ago. Coastguard, navy and private divers scoured the site of the accident
Mexican rescue workers were trying to refloat a North Korean vessel stranded in the Gulf of Mexico a few miles from a port where it had planned to load fertilizer, authorities said on Tuesday. The 6,700-metric-ton freighter Mu Du Bong, which had come from Cuba, ran aground on a reef on Monday
A U.N. Security Council committee on Monday blacklisted the operator of a North Korean ship, which was seized near the Panama Canal last year for smuggling Soviet-era arms, and raised concerns about Cuba's military cooperation with Pyongyang.
The United Nations Security Council has imposed sanctions on the North Korean shippers that operate the vessel Chong Chon Gang, seized by Panama in July 2013 for attempting to smuggle weapons from Cuba to North Korea. According to the UN, the shipping company
The United States on Wednesday blacklisted two North Korean shipping firms, Chongchongang Shipping and Ocean Maritime Management, following a similar move by the United Nations. The United Nations on Monday said Ocean Maritime Management operated a ship detained a year ago near the Panama Canal
A victim from the South Korean ferry disaster was found in waters roughly 25 miles from the site of the capsized vessel, the Associated Press reported. The body is the first recovered since May 21, bringing the death toll to 289. Government officials said fingerprint scans identified the body
The Korean Maritime University (KMU) and the Korean Marine Electronics Industry Promotion Association (MEIPA) received a one day technical seminar about Shipdex and the process of importing Shipdex data into SpecTec’s Computerized Maintenance Management System (CMMS), AMOS
Today in U.S. Naval History - June 25 1917 - Navy convoy of troopships carrying American Expeditionary Forces arrives in France 1950 - North Korea invades South Korea beginning Korean Conflict For more information about naval history
Germany's closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the Finnish economy ministry said on Monday. STX Europe belongs to Korean STX. The Turku shipyard specialises in building cruise ships and has
Leo Motors Inc. (LEOM) has acquired by merger 100% of its affiliate company, Leo Greentier Marines (LGM) through a share exchange. LGM is the premier Korean E-outboard developer and manufacturer. They bring LEOM an effective fossil fuel alternative to conventional boats dramatically
Today in U.S. Naval History - July 2 1923 - Commissioning of Naval Research Laboratory, Washington, D.C. 1926 - Distinguished Flying Cross authorized by Congress. 1937 - Amelia Earhart disappears in Pacific. Navy conducts extensive unsuccessful search
Chinese President Xi Jinping with South Korean President Park Geun-hye Thursday reiterated firmly opposed to the development of nuclear weapons on the Korean Peninsula, while undertaking efforts to complete FTA negotiations before the end.
A South Korean Navy admiral toured a Chinese warship in a rare opening by Beijing to its People's Liberation Army vessel last week during U.S.-led Pacific RIMPAC maritime drills, according to Yonhap News Agency, citing China's defense ministry.
Approvals from ABS, BV, DNV, Korean Register and Lloyd’s Register add to previous GL approval Victaulic, a manufacturer of mechanical pipe-joining systems, has received type approvals from American Bureau of Shipping (ABS), Bureau Veritas (BV), Det Norske Veritas (DNV)
Gaztransport & Technigaz (GTT) announced the notification of two Liquefied Natural Gas Carriers (LNGCs) which will be built by the Korean shipbuilder Hyundai Heavy Industries (HHI). GasLog, a Monaco-based shipping company, has ordered two large-scale LNGCs from the shipbuilder
Today in U.S. Naval History - July 14 1813 - Lt. John M. Gamble, the first marine to command a ship in battle (prize vessel Greenwich in capture of British whaler Seringapatam) 1853 - Commodore Matthew Perry lands and holds first meeting with Japanese at Uraga, Japan