Hanjin Shipping became the latest container carrier to report a solid second quarter as lower bunker fuel prices, trimmed routes and an appreciating currency enabled the line to post a $94 million net profit.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
03 Aug 2015
Woo Ye-jong has been tapped to lead the Port of Busan in its effort to become an even larger transshipment hub, succeeding Lim Ki-tack who has been elected as the International Maritime Organization's next secretary-general.
22 Jul 2015
The first half of 2015 brought seven new services to Busan’s youngest terminal and an additional 1 million 20-foot-equivalent unit containers through South Korea’s largest marine gateway, port officials said Wednesday.
26 Jun 2015
Growing international transshipment numbers is key to Busan enhancing its position as the hub of Northeast Asia as a weak South Korean economy limits demand for imports and exports.
18 Jun 2015
Maersk Line and Mediterranean Shipping Co. will add a Panama Canal service in July from China and Korea to four U.S. South Atlantic ports to handle rising U.S import volume to the fastest-growing region.
07 Jun 2015
Pyeongtaek-Dangjin has a thriving automotive trade and aims to knock Busan out as South Korea’s busiest gateway for vehicle volume.
03 Jun 2015
China and South Korea have cleared the way towards implementing a free trade agreement later this year that will eventually scrap duties on 90 percent of the goods traded between the two nations.
18 May 2015
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.
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.