Viking embarks on South Korean joint venture

South Korea's biggest port, Busan, will now be the home of a joint venture between Viking and local partner Daemyung Marine Co. Ltd. Viking will own a majority stake in the enterprise while also getting closer to the Asian customers in its portfolio.

by DANIEL LOGAN

Viking and Daemyung Marine are forming a new joint venture under the name VIKING Life-Saving Equipment Korea LLC, which will be operated from South Korea's biggest port, Busan. Using completely new facilities in the port, Viking's life-saving gear will be sent to carriers and operators in Korean ports while also being in reach of a big part of the Asian market, informs Viking in a press release.

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Viking feels waves from crisis in offshore

Bottom-line growth in 2014 for Viking

Viking CEO: Slower growth in the years to come

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Front page now

Navigare Capital cashes in from sale of several ships

Professionals: Shipping has a bad image and struggles to attract women

Lidl's shipping company makes changes to get more customers in store

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Russia exempts gasoils, bunker fuel from export ban

Danish shipping company tops list of offshore wind turbine installations

Ukraine's grain exports halves in one year

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs