The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
09 Aug 2013
New Zealand’s Ports of Auckland will welcome two new services in September, including Mediterranean Shipping Co.’s Capricorn Service, as well as Kiwi International Express...
09 Aug 2013
The South Korea carrier's net loss widened in the second quarter as growth in cargo demand lagged capacity, putting downward pressure on rates.
16 Jul 2013
APL, ANL and Hanjin Shipping are joining forces to offer a new weekly service covering Asia, Australia and New Zealand.
05 Jul 2013
Spot container rates from Asia to North Europe eased slightly after a forceful rally that took rates up 174 percent as part of a July 1 general rate increase that carriers saw as perhaps their last big opportunity to achieve profitability in 2013.
27 Jun 2013
Hanjin Shipping will continue to seek out more opportunities for its terminal-handling business both to support its own global service network and to offer third party services.
23 Jun 2013
Geoje Island in South Korea is an unlikely catalyst for major changes in how global trade is conducted. Tourists flock to its rolling tree-clad mounts to hike through the spring blossoms. But nestled among the hills in Ogpo Bay sits one of the world’s largest shipyards.
10 Jun 2013
Ocean carrier efforts to shed surplus 8,000 20-foot-equivalent unit ships by dumping them in the Asia-east coast South Am
04 Jun 2013
Hong Kong-based container carrier OOCL announced plans to join the IDEA service, recently launched by a consortium of Evergreen Line, Hanjin Shipping and Simatech Shipping.
03 Jun 2013
Ocean carriers deploying new mega-ships are undermining freight rates on the Asia-Europe trade, and the cascading of vessels is putting pressure on other lanes, according to Hanjin Shipping’s top container shipping executive.
31 May 2013
The Port of Long Beach this week recognized 20 ocean carriers and shipowners for their efforts to improve air quality by
24 May 2013
Hanjin Shipping’s Busan container terminal and the turnaround times it affords are enough to make eyes water.