South Korea

25 Oct 2016
A federal judge on Tuesday allowed a chassis company to terminate leases with Hanjin Shipping.
16 May 2016
Hanjin Shipping and Hyundai Merchant Marine posted first-quarter losses as questions continue to mount about the long-term prospects of South Korea’s largest container lines.
13 May 2016
Hyundai Merchant Marine is working to assure the shipping public that it will continue to remain operational after the revelation that the South Korean carrier had been left out of the world’s newest shipping alliance, THE Alliance.
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.