South Korea

Ocean Carrier Rate Revision Roundup for April 18
18 Apr 2014
Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.
"Sister port" deal signing in South Korea.
07 Nov 2013
Representatives from California’s Port of Long Beach and South Korea’s Busan Port Authority have signed a “sister port” agreement to enable the exchange of...
Hanjin container ship leaving the Port of Rotterdam in July 2013.
01 Nov 2013
Hanjin Shipping will receive a loan of 150 billion South Korean won (about US$141.4 million) from Korean Air, a major shareholder of Hanjin Shipping Holdings.
28 Oct 2013
Cheng Lie Navigation, part of CMA CGM, has launched a new intra-Asia service, the KVT, connecting South Korea to Thailand and Vietnam.
25 Oct 2013
Ocean carrier Korea Marine Transport Co. is establishing its own shipping agency in India to help expand operations in the country.
Thumbnail of Securing Cargo infographic
22 Oct 2013
The U.S. Government Accountability Office has published a report, “DHS Could Improve Cargo Security by Periodically Assessing Risks From Foreign Ports,” recommending...
The 13,208-TEU OOCL Bangkok, a sister ship of the NYK Hyperion.
08 Oct 2013
OOCL has christened a 13,208-TEU vessel on Geoje Island in South Korea.
US Auto Part Imports. Source: PIERS
27 Sep 2013
Containers of auto parts imported through U.S. ports reached 220,366 20-foot containers in the second quarter of 2013, their highest volume since the JOC began collecting this data in January 2007. Imports were up year-over-year for a 15thstraight quarter, although it was the smallest rate of increase during this period.
11 Sep 2013
Det Norske Veritas and Germanischer Lloyd will launch the world’s biggest ship classification society on Sept. 12, after receiving the final anti-trust approval for their merger.
U.S. containerized imports through June 2013. Source: PIERS.
04 Sep 2013
U.S. containerized imports climbed 1.5 percent year-over-year in June, following growth in April and May, according to advance figures from PIERS, a JOC sister company. U.S. containerized imports totaled 1.5 million 20-foot-equivalent units in June.
Hyundai container terminal
04 Sep 2013
Hyundai Merchant Marine said it expects to return to profitability after a long interval of operating losses.

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