ShippingWatch

Sale of three South Korean shipyards enters final phase

Only one out of the three South Korean shipyards put up for sale last year due to financial problems has managed to secure a final sales agreement.

Photo: Daewoo Shipbuilding & Marine Engineering/Yonhap

The sale of South Korea's three mid-sized shipyards has entered its final phase despite concerns that it might be difficult to find investors in the wake of the coronavirus crisis and a decline in the shipbuilding industry, reports Yonhap News Agency.

The three shipyards, Hanjin Heavy Industries & Construction, STX Offshore & Shipbuilding and Daesun Shipbuilding Engineering, were put up for sale last year following financial woes.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs