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Seoul earmarks US$2.5 billion to boost vessel capacity of smaller box lines

Container News Team - 0
As part of plans to grow the locally owned container shipping fleet, the South Korean government will set aside around US$2.5 billion to increase...
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S. Korean lines jointly commission three box ships

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South Korean feeder operators Namsung Shipping, its subsidiary Dong Young Shipping, as well as Dongjin Shipping, are jointly ordering three 1,600TEU ships from Hyundai...
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Dongjin takes delivery of fourth newbuilding

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South Korean feeder operator Dongjin Shipping has upgraded its South Korea-Japan service with a 1,000TEU newbuilding that it just bought from Dae Sun Shipbuilding...
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South Korean liner alliance in dispute with Busan Port Authority

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Korea Shipping Partnership (KSP), a quasi-alliance of South Korea's liner and feeder operators, are seeking arbitration with regard to Busan Port Authority's request that...
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KMTC Line maintains leading role among South Korean feeder operators

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Korea Marine Transport Company (KMTC Line) has retained its crown as the best performing South Korean feeder operator in terms of earnings. All 12 privately...
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Port News

Busan Port considers volume-linked terminal rentals

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Busan Port Authority (BPA), aware of the challenges facing liner operators, could offer volume-linked rental rates to terminal operators from 2022, ahead of the...
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PIL continues ship sales with Wan Hai Neo-Panamax deal

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Pacific International Lines (PIL) continues to sell container ships amid talk of financial pressures at the Singapore-based liner operator. On 2 March 2020, Taiwanese carrier...
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CMA CGM sees revenue and earnings rise amid market uncertainty

News Antonis Karamalegkos - 0
French shipping company CMA CGM has achieved improved financial results in the first quarter of 2025. In particular, CMA CGM reported US$13.26 billion in revenue,...
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Konecranes names new President and CEO

News Antonis Karamalegkos - 0
Finnish port equipment manufacturer Konecranes has appointed Marko Tulokas as its new President and CEO as of June 1. He will succeed current President and...
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Tripoli port operations halted after clashes erupt in Libya

Port News Antonis Karamalegkos - 0
Due to the ongoing security situation in Tripoli, Libya, port operations have been suspended until further notice. The German ocean carrier Hapag-Lloyd announced the temporary...
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CMA CGM applies surcharge from Far East to South Africa

Rates & Surcharges Container News Team - 0
CMA CGM has announced a peak season surcharge (PSS) for shipments from the Far East ports to the port of Cape Town in South...
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