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.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
18 Jan 2017
A New Jersey judge allows Hanjin Shipping to sell its share of a company that operates terminals in Seattle and Long Beach
18 Jan 2017
In an exclusive interview with JOC.com, Hyundai Merchant Marine President and CEO C.K. Yoo lays out the plans of South Korea's largest container line in 2017.
17 Jan 2017
SM Line will set sail without the help of an alliance.
04 Jan 2017
The trans-Pacific is one of the world’s most competitive container trades, with at least six container lines over the last six years having entered the trade lane only to pull out later.
29 Dec 2016
DP World increased its shareholding in the largest Busan container terminal.
27 Dec 2016
Hanjin Shipping’s US liabilities far exceed its US assets, the company told a New Jersey bankruptcy court Tuesday amid close scrutiny from a host of US creditors.
14 Dec 2016
US logistics are jockeying in court to ensure they get paid for services provided to Hanjin Shipping in the wake of an auditor’s report that the carrier has little value and is likely headed for liquidation.
13 Dec 2016
HMM failed to gain membership of the 2M Alliance, but the slot-sharing deal it signed up to will see the Korean carrier paying a heavy price.
17 Nov 2016
The South Korean government is looking to the country's large multinational exporters to take a major role in turning around the fortunes of its struggling shipping sector.
16 Nov 2016
Hanjin Shipping spiraled closer to insolvency in the third quarter as Hyundai Merchant Marine turned a profit for the second straight three-month period as they plan for the future.