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DSME Workers Vote for Walkout

The unionized workers at the financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) are planning to launch a strike as the majority of the workers voted...

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South Korea to Consider Merging HMM and Hanjin Shipping

South Korean shipping company Hyundai Merchant Marine (HMM) and its compatriot Hanjin Shipping could be merger if they succeed in normalizing their management, The Korea Times cited Financial Services Commission (FSC) Chairman Yim Jong-yong....

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Braemar Exits JV ACM ICON Shipping DMCC

The UK-based Braemar Shipping Services has terminated its involvement in the joint venture ACM ICON Shipping DMCC as it is “no longer part of the group’s overall strategy”.  Braemar’s 50...

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Navios Takes Dispute with Vale to Arbitration

The Greek dry bulk shipping company Navios Maritime Holdings has started arbitration proceedings in London on June 10 over the service contract cancellation from Brazilian mining giant Vale International. Namely, at the end of...

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