South Korea

Mega-ships and the 2M Alliance are both critical features of Hyundai Merchant Marine's efforts to stabilize its finances.
21 Jul 2016
Hyundai Merchant Marine on Thursday signed an agreement with its creditors to proceed with its business normalization plan.
04 May 2016
Hanjin Shipping’s creditors Wednesday approved the shipping line’s proposal for voluntary restructuring of its debt.
02 May 2016
Hanjin Shipping has reached out to ship charterers to request their patience and understanding as it tries to restructure its debt.
28 Apr 2016
Container throughput at South Korea’s Incheon Port expanded in the first quarter.
28 Apr 2016
The struggles of South Korea's largest container lines have created a new top shipowner in the country.
22 Apr 2016
Hanjin Shipping wants its main creditor, the Korea Development Bank, to take over management of the company to restructure its debts and streamline its operations.
06 Apr 2016
Islamic Republic of Iran Shipping Lines is negotiating with Hyundai Heavy Industries to purchase up to three mega-ships with capacities of 14,500 twenty-foot-equivalent units.
29 Mar 2016
Busan Port Authority, the operator of the port of Busan, the world’s sixth-largest container port, is planning to invest in overseas port and logistics facilities as a key strategy that will help define the future of the South Korean port.
28 Mar 2016
Hyundai Merchant Marine is selling its stake in the Busan New Port in an effort to stave off bankruptcy ahead of this year’s maturation of debts valued at 382 billion South Korean won ($334 million) with another 606 billion won due in 2017.
17 Mar 2016
Hanjin Shipping will replace its joint pendulum service connecting the U.S. West Coast to Asia and the Mediterranean with an exclusive Hanjin-supplied service as the carrier restructures its network in the face of surplus capacity and weak demand.
14 Mar 2016
South Korea’s shipping lines are adding services to Indochina in order to meet current demand and future growth as China’s economic expansion slows and other Northeast Asia economies reach maturation.