Tag: South Korea
-
The Strategic Alliance Between HD Hyundai Heavy Industries and Hanwha Ocean
The Strategic Alliance Between HD Hyundai Heavy Industries and Hanwha Ocean Introduction The strategic alliance between HD Hyundai Heavy Industries and Hanwha Ocean, dubbed ‘One Team,’ aims to revolutionize South Korea’s naval export market. Driven by growing recognition, this partnership seeks to enhance maritime security worldwide. The collaboration maximizes government support and synergy through a…
-
“A Wake-Up Call for Maritime Safety: Lessons from the South Korean Fishing Vessel Fire”
Fishing Vessel Fire in South Korea: An Urgent Call for Maritime Safety Reforms Overview of the Incident Details of the Fire On February 13, 2025, a 34-ton fishing vessel caught fire near Buan, a coastal city located 204 kilometers southwest of Seoul, South Korea. The fire broke out at approximately 8:39 a.m. According to initial…
-
Navigating Sanctions: The Global Oil Trade’s Adaptation to U.S. Restrictions on Russian Exports
The Impact of U.S. Sanctions on Global Oil Trade Introduction to US Sanctions and Oil Trade Recent geopolitical developments have significantly impacted the global oil trade, with U.S. sanctions targeting Russia’s oil exports playing a pivotal role. This article explores how these sanctions have disrupted supply chains, particularly at the Pacific port of Kozmino, and…
-
CMA CGM’s $2.6 Billion Bet on LNG Dual-Fuel Containerships: A Giant Leap Towards Sustainable Shipping
CMA CGM’s Groundbreaking Order for LNG Dual-Fuel Containerships CMA CGM’s Order for LNG Dual-Fuel Containerships CMA CGM, the world’s third-largest container shipping company, has recently placed an order for a dozen liquefied natural gas (LNG) dual-fuel 18,000 TEU containerships. This significant order, valued at KRW 3.7 trillion (approximately $2.57 billion), marks a pivotal moment in…