There is a glimmer of light at the end of the Hanjin tunnel as its main charterer agrees to a deal and foreign banks delay debt repayments.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
30 Dec 2015
South Korea logistics company CJ Korea Express has sold 20 percent of its stake in its loss-making terminal in Busan port to a unit of China Shipping Group.
29 Dec 2015
Having embarked on an expansion program, Incheon port aims to handle 2.5 million 20-foot-equivalent units in 2016.
23 Dec 2015
Container transshipment volumes at the Port of Busan were up almost 10 percent in October as the South Korea hub steadily grows this transit cargo segment than accounted for 53 percent of its throughput during the month.
16 Dec 2015
The port of Busan in South Korea saw a rise of over 9 percent in its transshipment container throughput in the month of October as its continued growth in the segment erased losses in gateway volumes.
04 Dec 2015
In the wake of several highly-publicized financial difficulties experienced by South Korea shipping companies, the country’s Minister of Oceans and Fisheries has called on them to undertake voluntary restructuring.
26 Nov 2015
South Korea's government plans to conduct research on ultra-large container ships, including the return on investment of the vessels, their impact on ports and the investment needed at terminals to handle them.
18 Nov 2015
South Korea's new Minister of Oceans and Fisheries Kim Young-suk said Hanjin and Hyundai Merchant Marine, the country's two biggest shipping companies, need ultra-large container ships if they are to be competitive.
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.