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Maritime World

Under-utilised mega vessels attributed to past smooth voyages

mega

Mega box ships having mishaps are now blamed for their full loads The recent string of maritime mishaps resulting in loss shipments are now attributed to not vessels being overloaded. It is instead “fully-loaded”. Weather conditions and human error are just accessories to the saga. An unsettling hypothesis Ever since …

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Will the Korean mammoth merger ever happen?

merger

The European Union (EU) again delays approval on Hyundai Heavy Industries’ acquisition plans Hyundai Heavy Industries Holdings Co’s (HHIH) plans to acquire Daewoo Shipbuilding and Marine Engineering Co (DSME) was announced in March 2019. After 3 rounds of adjournment to review possible implications from this massive deal, the EU dishes …

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Is Korea resuming its journey to revive the shipping sector?

Korea

Korea’s mission to revitalise its shipping sector was earlier thwarted, however…. HMM just splurged $1.57 billion for 12 13,000 teu box ships order, split between Korean shipyards: Daewoo Shipbuilding & Marine Engineering and Hyundai Merchant Marine. Each will construct six vessels, and deliveries are scheduled in the first half of …

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