Photos: Lifeboat Survival Tests Above the Arctic Circle

As of January 1, the IMO Polar Code requires that for each journey in the polar region, a risk analysis must be undertaken to assess and mitigate potential hazards, proving compliance with the code.

Daewoo Shipbuilding workers urged to share pain for survival

The chief of cash-hungry Daewoo Shipbuilding & Marine Engineering Co. urged its workers Wednesday to accept a pay...

DSME seeking survival amid delisting threats

Daewoo Shipbuilding and Marine Engineering (DSME) is seeking measures for survival, faced with risks of being delisted from the stock market due to capital erosion.

HMM one step closer to survival as bondholders approve restructuring

Cash-strapped Hyundai Merchant Marine (HMM) moved another step further towards avoiding court receivership with...