South Korea

29 Jul 2016
Maersk Line is pushing back against speculation that it will try to acquire Hyundai Merchant Marine.
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.
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.