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South Korean Cargo Ship Begins Arctic Route Test

A South Korean container ship is setting out for the first demonstration voyage of the Northeast Passage, a part of the Arctic Sea Route, carrying actual export cargo.

  • South Korean cargo ship Panstar Acro begins Arctic route test
  • 837 TEU cargo carried, including export and transshipment items
  • Ministry of Oceans and Fisheries analyzes route s viability

Daesan Petrochemical Restructuring Wins Conditional Approval

The ‘Daesan No. 1’ business reorganization, which is the first restructuring case in the domestic petrochemical industry driven to a survival crisis by Chinese oversupply, has entered its final stages…

  • Daesan Petrochemical reorganization receives conditional approval from Fair Trade Commission
  • Lotte Chemical and HD Hyundai Chemical merge, changing share structure to 50-50%
  • Integration aims to resolve oversupply and overlapping facilities in LDPE and EVA markets

More from Thursday 20 August →