Maersk Line has entered into a vessel sharing agreement with Mediterranean Shipping Co, its 2M alliance partner, and Japan’s Mitsui OSK Lines (MOL) on the Asia to East Coast of South America trade route.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
13 May 2015
Hanjin Shipping began its march toward a positive annual result this year with a first-quarter net profit of $21 million, its results buoyed by continued cost cutting and lower bunker fuel prices.
10 May 2015
Potato prices in South Korea more than doubled in April from a year earlier as importers struggle to match insatiable consumer appetite for honey flavored potato chips.
09 May 2015
South Korea's Busan port is consolidating its position as northeastern Asia’s transshipment hub.
08 May 2015
Maersk Group has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for its latest series of ultra-large container ships.
02 May 2015
A deeper channel and additional berths will help South Korea's Busan Port Authority keep up with rising container volumes and bigger box ships.
24 Apr 2015
Hyundai Merchant Marine will become the first carrier to call at the port of Incheon’s new Sun-Kwang terminal when the Hyundai Tokyo ties up in mid-May as part of an Asia-U.S. G6 Alliance service.
14 Apr 2015
A U.S. dollar in hyperdrive is helping exporters in some trading nations and setting the stage for a surge of U.S. imports.
08 Apr 2015
The Port of Busan is a step closer to reaching its goal of 20 million TEUs this year after handling a monthly record number of transshipment volume in February.
29 Mar 2015
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.
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.