Hanjin Shipping posted a net loss of $194 million in the second quarter, but the weak financial performance was eased by aggressive cost cutting in its container division that managed to lift the Korean carrier’s operating profit.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
11 Jul 2014
Multiple container lines have planned general rate increases in several trade routes to take effect Aug. 1...
07 Jul 2014
Minsheng Financial Leasing will receive $295 million from the Korean and Chinese export-import banks to build three 18,400-TEU ships that will be leased to Mediterranean Shipping Co. in the second half of 2015.
04 Jul 2014
Several container lines have planned general rate increases in multiple trade routes to take effect Aug. 1...
19 Jun 2014
The G6 and CKYHE alliances that were to have competed head on with the P3 Network may be feeling an easing of pressure after China’s shock rejection of the vessel-sharing agreement, but both are pushing ahead with the expansion of their networks.
18 Jun 2014
From initial announcement to abandonment, the P3 Network's career was crowded into just 12 months. Our slideshow reviews the major developments in the story over the past year.
09 Jun 2014
Efforts by Maersk, CMA CGM and Mediterranean Shipping Co. to obtain approval of their proposed P3 Network have focused on the U.S., Europe and China. But with the U.S. and Europe having given thumbs up to the largest-ever carrier alliance, another country with a say in the issue — South Korea — has entered the fray late in the game as a potential obstacle.
30 May 2014
Multiple container lines have planned general rate increases in various trade routes in June and July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
16 May 2014
Multiple carriers have planned general rate increases in various trade lanes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
15 May 2014
An aggressive focus on operating efficiency is reflected in the first quarter results of Neptune Orient Lines, Hanjin and Hapag-Lloyd, although the savings were not enough to offset the effects of excess capacity, high bunker prices and weak freight rates that continue to plague the industry.
30 Apr 2014
Hanjin Group took a major step towards shoring up its financially shaky foundation yesterday with a shakeup of the group’s shareholding structure and the appointment of chairman Cho Yang-ho as the CEO of South Korea’s largest shipping line.