South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured a contract valued at approximately USD 121 million to construct a very large gas carrier (VLGC) for a European shipowner. This project, expected for delivery in the first half of 2028, adds to the company’s growing portfolio of gas carrier contracts.
SpaceX has launched its Starlink satellite internet service in South Korea, enhancing low-Earth orbit coverage. This positions Starlink as a vital provider for maritime, aviation, and emergency sectors. Subscriptions include residential plans at KRW 87,000 monthly, with unlimited data and speeds up to 135 Mbps, catering to diverse connectivity needs.
The International Maritime Organization (IMO) and the Republic of Korea (RoK) are launching the SMART-C Maritime Security and Counter-Piracy project to enhance Gulf of Guinea coastal States’ capabilities against piracy. Funded by a $3 million pledge from RoK, the initiative focuses on strengthening cooperation, training, and regional coordination for maritime safety.
Officer Lee Tae Young of South Korea was awarded the IMO Award for Exceptional Bravery at Sea for his heroic actions during the sinking of the Geum Seong No. 135 in November 2024. He saved 12 crew members, demonstrating remarkable courage and leadership, and received recognition at a ceremony in London.
The Korea Coast Guard is pursuing an arrest warrant for the Queen Jenuvia II’s captain after the ferry ran aground near Shinan County, injuring 30 of the 267 individuals on board. Accused of gross negligence, he allegedly left the wheelhouse unattended in a perilous channel, violating maritime regulations. Investigations continue.
South Korean authorities have launched an investigation into a ferry grounding near Mokpo, arresting the first officer and an Indonesian crew member for gross negligence. The 26,546-ton vessel, carrying 267 passengers from Jeju Island, collided with an uninhabited island. Fortunately, all on board were rescued with minor injuries.
India and South Korea plan to deepen shipbuilding cooperation, merging Korea’s advanced technology with India’s manufacturing strengths. Petroleum Minister Hardeep Singh Puri highlighted the need to boost Indian-flagged vessels for energy imports. Recent Indian maritime reforms and industry incentives aim to position India as a major global shipbuilding and maritime hub.
South Korea’s HMM has approved a significant investment of approximately KRW 4.03 trillion (around US$2.8 billion) for constructing new container vessels and very large crude carriers (VLCCs). This strategic move aims to enhance its fleet and operational efficiency, positioning HMM competitively in the evolving global shipping landscape.
Four North Koreans were caught trying to defect to South Korea in a malfunctioning boat. Intercepted after a tip-off, they cited severe economic hardship and pressure from work as reasons for their escape attempt. Following their arrest, authorities increased coastal surveillance and imposed silence to prevent public unrest.
In 2023, South Korea saw a 5.3% increase in maritime accidents, resulting in 164 deaths or missing persons. Collisions were the most common incidents, followed by safety issues, fires, capsizing, and sinking. The government vows to enhance safety measures to prevent future tragedies and protect those at sea, emphasizing the need for stricter regulations.
The 20 Filipino crew members of a ship under investigation in South Korea for alleged cocaine smuggling will receive additional legal assistance from the DMW, Philippine embassy, and Migrant Workers office. Secretary Cacdac assures their well-being and legal defense while onboard the MV Lutina. Families are also being supported during the investigation.
According to the Maeil Business Newspaper, Jeju and North Gyeongsang are identified as the regions in South Korea with the highest incidence of maritime accidents in 2024. The increase in accidents calls for improved safety measures and cooperation among authorities to address the root causes and enhance maritime safety in these areas.
South Korea has launched a public-private training center to educate 1,000 professionals annually in areas like AI, environmentally friendly ships, and autonomous vessels. With a total investment of $4.77 million, the center aims to address the shortage of skilled workers in the maritime industry. This collaborative effort highlights the commitment to industry advancement.
Minister Kang Do-hyung vows to implement tougher safety regulations to prevent maritime accidents. Private sector groups, like the Korea Federation of Fisheries Cooperatives, are also taking action to raise awareness and educate stakeholders. These efforts highlight the growing importance of improving safety standards in the maritime industry to protect lives and prevent future accidents.
Qatar Gas Transport Company (Nakilat) has started building six new gas carriers at the HD Hyundai Samho shipyard in South Korea. The vessels, including LNG and LPG/ammonia carriers, will be equipped with advanced technologies for efficiency and environmental sustainability. This investment highlights Nakilat’s commitment to meeting global gas transportation demands.
