Aside from Hanjin Shipping, the Hanjin Group has a controlling share of Korean Air Lines, and its subsidiaries range from various logistics companies to universities.

The strong performance comes as flagship Mundra is wrapping up work to double container capacity.

The national carrier returned to profitability in the third fiscal quarter.

The plan follows an agreement between the Dubai-based company and Senegal in October 2015.

Signs of a container shortage are emerging with leasing companies reluctant to place orders for new containers until they get their Hanjin leased boxes back, and up to 40 percent of those units have yet to be recovered.

Spot rates in eastbound Pacific drop marginally in the second week of the Lunar New Year.

The economic impact of a challenge to Mexican trucking in the United States is small, but the debate could fuel a growing trade dispute.

The days when the largest, so-called premier carriers booked directly with beneficial cargo owners are over.

Hyundai Merchant Marine in 2016 reduced its financial losses 99.3 percent.

APL Logistics' services related to retail, consumer goods, and high technology were sluggish.