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

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...

S. Korean lines jointly commission three box ships

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...

Dongjin takes delivery of fourth newbuilding

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...

South Korean liner alliance in dispute with Busan Port Authority

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...

KMTC Line maintains leading role among South Korean feeder operators

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...

Busan Port considers volume-linked terminal rentals

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...

PIL continues ship sales with Wan Hai Neo-Panamax deal

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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WEC Lines invests in new container units

Dutch shipping company WEC Lines has announced the addition of 200 brand new 20ft High-Cube Pallet-Wide containers and 200 45ft High-Cube Pallet-Wide containers to...

Maersk and Bahrain sign agreement for ship recycling project

Bahrain's Ministries of Transportation & Telecommunications and of Industry & Commerce signed a Memorandum of Understanding (MoU) with A.P. Moller–Maersk to explore and establish...

ILA President warns of potential strike at Atlantic and Gulf Coast Ports in October

Harold J. Daggett, President of International Longshoremen’s Association (ILA), said the threat of a strike at all Atlantic and Gulf Coast Ports is becoming...

Oakland Board of Port Commissioners elects new president

The Oakland Board of Port Commissioners has elected Michael Colbruno as board president. Andreas Cluver has been chosen as the first vice president, succeeding...