South Korea

South Korea

06 Sep 2022
Departures from Shanghai and Ningbo are expected to face a two-day delay after a typhoon hit coastal areas of eastern China over the weekend, while some Busan services were also disrupted.
08 Feb 2022
The falling level of connectivity from Japan and South Korea to North America has led shippers to use short-sea services to China, where cargo is transshipped to mainline trans-Pacific services.
18 Jan 2022
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.
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.