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POSCO Argentina Faces 14.5 Billion-Won Dispute Over Lithium Project

POSCO Argentina is facing a dispute with local contractors over unpaid construction costs related to its lithium project in Salta province.

  • POSCO Argentina disputes 14.5 billion-won dispute, contractors claim $10.47 million unpaid.
  • Contractors allege delays in material delivery caused additional expenses.
  • Resolution will affect POSCO's timeline and expenses for Argentine lithium expansion.

Korean Ship Makes First Commercial Trial Run Through Arctic Route

The 2,758-TEU container ship PanStar Acro has begun South Korea's first commercial trial voyage through the Arctic route, sailing from the Port of Busan to Europe along Russia's Arctic coast.

  • South Korean container ship PanStar Acro conducts first commercial Arctic route trial.
  • 45-day voyage includes stops in UK, Netherlands, and Poland.
  • Route aims to reduce sailing distance by 35% and transit time by 10 days.

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