Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.
South Korea
Press Releases
10 Aug 2017
Doubts were raised on how members of the newly formed Korean shipping alliance will be able to cooperate on the fiercely competitive intra-Asia trade.
08 Aug 2017
Creditors of bankrupt carrier Hanjin Shipping have filed claims that would give them only a tiny proportion of what is owed, a company attorney has told a New Jersey bankruptcy court.
06 Jul 2017
The rapid rise of SM Line has been impressive, but its competitive advantage down the road could be undermined without bigger ships and alliance partners.
01 Jul 2017
APL has added to its trans-Pacific network with a new and direct North Asia-Hawaii service.
29 Jun 2017
Forwarders continue to pile into the China-Europe rail network, offering new multimodal services.
26 May 2017
Prior to the collapse of the national shipping line, Busan was poised to supplant Hong Kong in global port rankings.
05 Apr 2017
South Korean carrier Hyundai Merchant Marine posted an operating loss of $595 million for 2016, as it enjoyed its largest quarterly revenue of the year.
27 Feb 2017
The head of SM Line container shipping business has outlined his carrier's plans on the trans-Pacific.
13 Feb 2017
Hyundai Merchant Marine in 2016 reduced its financial losses 99.3 percent.
30 Jan 2017
A pension fund for longshoremen at the Port of New York and New Jersey want permission from a bankruptcy court to seek companies related to the carrier who can help pay the debt.
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