Hanjin Shipping edged into the black in 2015 with its $6 million net profit representing a half-a-billion dollar turnaround from the huge 2014 loss as the carrier managed to offset declining revenue with lower costs and the rationalization of service lanes.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
16 Nov 2015
The Busan Port Authority expects 2015 container throughput to grow by around 5 percent, in which case total full-year throughput volume would rise to more than 19.6 million 20-foot-equivalent units.
16 Nov 2015
Throughput at the Port of Incheon in South Korea will be lower than expected in 2015 as a result of weak demand from Europe.
12 Nov 2015
KMTC Line, South Korea’s third-largest container line and the country’s biggest player in the intra-Asia segment, is reviewing its fleet structure ahead of expected tougher conditions on intra-Asia routes next year due to rising capacity and sinking demand.
11 Nov 2015
Top maritime officials in South Korea said a merger between Hanjin Shipping and Hyundai Merchant Marine was unlikely because the benefits of such a move are difficult to see and it could have significant negative implications for the wider economy.
09 Nov 2015
South Korea’s Ministry of Oceans and Fisheries has clarified its position with regards to ongoing speculation on a possible merger between Hanjin Shipping and Hyundai Merchant Marine, the country’s two biggest shipping companies.
03 Nov 2015
Hyundai Merchant Marine on Friday completed a 247.5 billion Korean won ($216.1 million) permanent convertible bond through a newly created entity called Hyundai Bulk Line, staving off a liquidity crisis and halting further talk of a merger with Hanjin Shipping.
28 Oct 2015
South Korea's second-biggest shipping company Hyundai Merchant Marine has refuted rumors that the government asked the carrier to merge with its bigger compatriot, Hanjin Shipping.
09 Oct 2015
The Incheon Port Authority has doubled the size of the ships it can handle in the last decade and is working to handle even larger vessels as it continues to invest in an effort to lower costs for shippers and become a regional hub.
09 Oct 2015
South Korea’s container shipping companies Hanjin Shipping and Hyundai Merchant Marine are leading the country’s cautious financial recovery, but it’s unclear if the good times will last.
08 Oct 2015
Swedish furniture maker IKEA has decided it will make Incheon port its primary South Korean gateway after it began testing out Incheon New Port Phase 1-1 container pier (Terminal B) in July.