While carriers are permitted to collaborate on freight rates under South Korea’s maritime shipping act, it must be done in discussion with shippers and details reported to the Oceans and Fisheries Ministry within 30 days.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
10 Nov 2021
HMM joined its peers in delivering record third-quarter results, with rising demand, increasing rates, and continued supply chain disruption set to keep the profitability spigot gushing.
11 Oct 2021
Combi Lift’s forwarding operation will organize the shipment of equipment components or individual pieces of equipment that would normally be too small to interest its projects division.
02 Sep 2021
HMM’s unionized staff, operating around half of HMM’s container ship fleet, had voted in favor of a strike in August if no agreement was reached, while around 300 seafarers had signed resignation letters and threatened to join rival carriers.
13 Aug 2021
HMM has continued its profitable momentum in the first half and like its peers has no expectation the positive earnings environment will change for the rest of the year.
06 Jul 2021
A wide-ranging plan by South Korea to bolster its container shipping sector is driven in part to reverse the loss of business and weakening of logistics networks for South Korean shippers following the 2016 collapse of Hanjin Shipping.
29 Jun 2021
New ship orders continue to roll in from container shipping companies, raising the orderbook-to-fleet ratio to levels that could cause another bout of overcapacity, especially if demand drops.
21 May 2021
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.
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.
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