Hyundai Merchant Marine is selling its bulk shipping division, the latest in a series of assets that South Korea’s second-largest shipping conglomerate is shedding to raise liquidity.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
17 Mar 2015
Three carrier alliances are launching Asia-U.S. East Coast services that will increase capacity on the route by 6 percent, according to industry analyst Alphaliner.
16 Mar 2015
Mexico’s recent expansion of its ban on U.S. poultry after authorities confirmed a case of bird flu in Arkansas is the latest blow to exporters whose containerized shipments have steadily fallen since China and South Korea imposed their own bans months ago.
27 Feb 2015
The Port of Busan plans to handle 20 million TEUs this year after posting record volume in 2014, mainly because of healthy transshipment traffic.
02 Feb 2015
Hyundai Merchant Marine announced that the private equity unit of Japanese financial services group Orix Corp has been selected as the preferred bidder for its controlling stake in affiliated stockbroking firm Hyundai Securities.
30 Jan 2015
Hanjin Shipping ended 2014 with a loss of $386 million, a result that was still an improvement of 37.8 percent over 2013 and was achieved on the back of a vastly improved operating result.
25 Oct 2014
Terminal congestion at the ports of Los Angeles and Long Beach was clearly on the minds of JOC.com readers again this week, with six of the Top 10 stories focusing on the issue.
23 Oct 2014
Ningbo-Zhoushan, the fastest growing major Chinese container port, is on track to supplant Busan as the fifth-largest global container gateway, according to new statistics
03 Oct 2014
UPS added 766 U.S. postal codes to its UPS Worldwide Express Plus network in the third quarter, extending the reach of its international earliest morning service deeper into the U.S.
29 Sep 2014
Busan Port handled 1.5 million 20-foot containers in August, its throughput growing 5.5 percent year-over-year on the back of strong transhipment volumes.
03 Sep 2014
Congestion at ports across Asia is creating havoc with shipping schedules, forcing a major intra-Asia specialist to cancel rotations as it battles lengthy delays.