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*.
25 Sep 2015
The long-stalled Phase 2-4 of the Busan New Port is getting back in motion with the submission of applications to begin reclamation works, South Korea's Ministry of Oceans and Fisheries (MOF) announced Thursday.
18 Sep 2015
Mokpo port has chosen South Korean logistics companies CJ Korea Express and Dongbang Co., along with port operator Mokpo New Port, to operate a vehicle terminal completed in July, according to the Mokpo Regional Oceans and Fisheries Administration Office.
17 Sep 2015
China, Japan, and South Korea are expanding an initiative aimed at sharing information, particularly warnings of danger, following the deadly explosions that rocked Tianjin port last month.
07 Aug 2015
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.
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.