Cargo carrier
Scope
Date
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Shipping & Shipbuilding
KSOE bags $1.4 billion ship orders in first 2022 deals
Korea Shipbuilding & Offshore Engineering Co. (KSOE), Hyundai Heavy Industries Group’s intermediate holding company, has kicked off 2022 w...
Jan 04, 2022 (Gmt+09:00)
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Energy
Hyundai Oilbank to sell fuels to Hawaii in first term deal with US
South Korean refiner Hyundai Oilbank Co. is set to export gasoline and diesel to Hawaii next year through its first term contract to sell petroleum ...
Dec 29, 2021 (Gmt+09:00)
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Airlines
Korean Air to fly high on China’s cargo conversion ban
Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further...
Dec 16, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders win record LNG carrier orders; 2022 outlook bright
South Korea’s three major shipbuilders have swept global orders for LNG carriers, more profitable than oil tankers and container ships, amid s...
Dec 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana
Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquir...
Nov 16, 2021 (Gmt+09:00)
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Earnings
Korean Air surprises market with highest quarterly profit in 5 years
Korean Air Lines Co. (KAL) surprised the market on Friday by posting its highest third-quarter operating profit in five years, boosted by strong dem...
Nov 12, 2021 (Gmt+09:00)
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Earnings
HMM rakes in record quarterly profits on higher freight rates
HMM Co., South Korea’s largest container line, posted fresh record sales and profits in the third quarter, boosted by higher freight rates and...
Nov 11, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo Shipbuilding, Samsung Heavy win LNG carriers order from Qatar
South Korea’s major shipbuilders Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. won orders for six liquefie...
Nov 08, 2021 (Gmt+09:00)
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Future Mobility
Korea autonomous driving startup 42dot valued at $434 mn
South Korea’s autonomous driving startup 42dot drew strong interest from investors with its advanced artificial intelligence technology. Strat...
Nov 01, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders await improved earnings as LNG carrier price hit all-time high
South Korean shipbuilders, which have secured almost 97% of the orders placed for liquefied natural gas (LNG) carriers this year, expect to see thei...
Sep 19, 2021 (Gmt+09:00)
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Aerospace & Defense
Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier
Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....
Sep 01, 2021 (Gmt+09:00)
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Airlines
Korean Air hits milestone of 10,000 cargo-only passenger flights
Korean Air Lines Co. (KAL) hit a milestone of having operated 10,000 cargo-only passenger flights as of Aug. 1, as the country’s top carrier g...
Aug 02, 2021 (Gmt+09:00)
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Energy
KOGAS attempts to expand LNG bunkering as global demand grows
Korea Gas Corp. (KOGAS) aims to expand liquefied natural gas (LNG) bunkering business as global demand for cleaner fuels for ships is growing.LNG bu...
Jul 26, 2021 (Gmt+09:00)
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Airlines
Korean Air won't sell Asiana's budget carriers post-merger
Korean Air Lines Co. (KAL) will not put Asiana Airlines Inc.'s two low-cost carriers (LCCs) up for sale after it completes its 1.8-trillion-won ($1....
Jul 19, 2021 (Gmt+09:00)
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ESG bonds
Korean Air to issue first ESG bonds among Korean carriers
Korean Air Lines Co. will issue green bonds as part of its 200 billion won ($176 million) corporate debenture issue -- to become the first among dom...
Jun 23, 2021 (Gmt+09:00)
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Airlines
Cargo crisis delivers record earnings for HMM, Korean Air
The ongoing shipping cargo crisis has brought record-high earnings results in the first quarter to South Korea’s largest container line HMM Co...
May 14, 2021 (Gmt+09:00)
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IPOs
Riding cargo boom, H-Line Shipping resumes IPO process
H-Line Shipping Co., South Korea's second-largest bulk transportation company, has resumed its initial public offering process after three years, as...
May 03, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders kick off 2021 with $1 bn container ship, LNG carrier orders
South Korea’s two major shipyards have started off 2021 with decent orders, brightening the outlook for the country to retain its leadership i...
Jan 05, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor to unveil unmanned cargo aircraft in 2026
Hyundai Motor Co. plans to unveil unmanned cargo aircraft in 2026 as the South Korean automaker aims to enhance its foothold in the future mobility ma...
Nov 08, 2020 (Gmt+09:00)
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Airlines
Largest domestic carrier Korean Air posts Q3 surplus; peers swing negative
South Korea’s flag carrier Korean Air Lines Co. has posted an operating profit for two straight quarters thanks to robust cargo operations keepi...
Nov 05, 2020 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy affiliate wins $375 mn order for 2 LNG carriers
Korea Shipbuilding & Offshore Engineering Co., a shipbuilding arm of Hyundai Heavy Industries Group, has won a 425 billion won ($375 million) orde...
Nov 02, 2020 (Gmt+09:00)
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Airline industry
Asiana Airlines converts A350 passenger jet into cargo carrier
South Korean airline Asiana Airlines Inc. has transformed its passenger aircraft A350-900 into a cargo carrier in a move to enhance its cargo operatio...
Sep 24, 2020 (Gmt+09:00)
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Airline industry
South Korean airlines convert passenger jets into cargo carriers
South Korea’s flag carrier Korean Air Lines Co. has converted its passenger plane Boeing 777-300ER into a cargo carrier to further boost ca...
Sep 09, 2020 (Gmt+09:00)
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Airlines
Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses
Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...
Aug 07, 2020 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders win record LNG carrier orders; 2022 outlook bright
South Korea’s three major shipbuilders have swept global orders for LNG carriers, more profitable than oil tankers and container ships, am...
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