HMM sale talks with Harim-JKL hit another stalemate
Another round of discussions has failed to produce an agreement to sell HMM – the ...
South Korea’s government is set to spend $61m to support local shipbuilders as the industry struggles to cover from a global slump in demand. Yonhap reports that the ministry of trade, industry, and energy has earmarked the money to help Korean shipyards in developing environmentally-friendly vessels, including those powered by LNG. This latest injection follows a pledge late last year that will see nearly a quarter-of-a-billion invested in the sector by 2025. Furthermore, it has also promised tax relief for regions worst hit by the decline in shipbuilding.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
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Bottlenecks and price hikes as airlines now avoid Iran airspace
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