South Korean container lines HMM and SM Line will inject more than 82,000 TEU of monthly capacity on the trans-Pacific and Asia–Europe trades via extra loaders and the accelerated deployment of newbuild ships on existing loops.
South Korea
South Korea
Press Releases
14 May 2021
HMM has joined its peers in reporting a profitable first quarter, and the South Korean carrier expects the high rate/strong demand environment in container shipping to continue at least through the second quarter.
12 Apr 2021
MSC has thrown its hat into the Asia-Europe rail ring, offering an intermodal connection that mirrors the sea-air service launched by Maersk two years ago.
23 Feb 2021
US seafood exporters are among the hardest hit by stricter COVID-19 testing requirements in China that some shippers have decried as non-tariff trade barriers.
09 Feb 2021
South Korean carrier HMM is the latest shipping line to report a significantly improved 2020 result, with the industry now firmly on track for its most positive financial performance in years.
31 Dec 2020
The alliance was born from discussions within the Korea Shipping Partnership, a coalition of 14 domestic carriers created in April 2017 following pressure from the South Korean government for carriers to improve their performance.
13 Nov 2020
South Korean regulators held three meetings this week with shipping lines, cargo owners, and exporters to discuss cargo-related issues.
02 Sep 2020
Carriers have already delayed services calling at Busan and Japanese ports, including Tokyo, due to the typhoons, while also omitting some calls, including Yokohama.
12 Aug 2020
Carriers that have released interim results have reported a stronger first half, underscoring the effectiveness of aggressive capacity management on the main trades.
03 Jun 2020
US exporters of scrap metals, paper, and plastics saw increased demand in 2019, but volumes have come crashing down in early 2020 due to supply and demand destruction caused by the COVID-19 crisis.
04 Mar 2020
Ocean Network Express said a raft of trans-Pacific and regional services are being hit by port congestion in Busan as officials report surging transshipment volumes amid diversions related to the coronavirus disease 2019 (COVID-19) outbreak in China.
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Jun 17, 2021 2:00PM EDT
Jun 24, 2021 2:00PM EDT
