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Tag: DSME

DSME reaches compromise with striking workers

Daewoo Shipbuilding & Marine Engineering's subcontracted workers and the shipbuilder's management reached a last-minute compromise on 22 July to end a 51-day strike. The workers...

Hyundai Heavy Industries challenges EC’s rejection to acquire DSME

South Korea’s No. 1 shipbuilder Hyundai Heavy Industries (HHI) is questioning the European Commission’s veto of its bid to acquire compatriot rival Daewoo Shipbuilding...

Seoul sets aside US$382m emergency fund for HMM

The South Korean government has set aside KRW470 billion (US$382 million) in emergency funding for mainline operator HMM as the maritime industry faces another...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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