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US develops maritime counterbalance in Indo-Pacific through Asia partnerships

In a significant development at the Asia-Pacific Economic Cooperation (APEC) ministerial meeting, the United States has signaled a new phase in its maritime strategy...

NSR draws more players to ramp up icebreaker fleet expansion

The Northern Sea Route (NSR), spanning Russia’s Arctic coast from the Barents Sea to the Bering Strait, is becoming an increasingly viable shipping corridor...

Japan, South Korea into shipbuilding struggle to meet U.S. demand

According to a NYK Line executive, U.S. allies Japan and South Korea would face difficulties in rapidly expanding their shipbuilding capacity to meet U.S....

Europe’s shipping strength under pressure amid rising Asian competition

European shipping has solidified its role as a key geopolitical asset for the European Union (EU), commanding a significant portion of the global fleet. This...

South Korea’s Shipbuilding Sector at the Forefront of the Trade War

As global maritime trade is about to emerge as a field of geopolitical antagonism, South Korea will be one of the spearheads to counter...

South Korean president-elect wants to revive country’s maritime spirit

South Korean president-elect Yoon Suk-yeol, who won narrowly at the polls on 9 March, wants the country to be a born-again maritime nation. Yoon, previously...

Container traffic in South Korea remains stable

The combined volume of shipments processed at trade ports in South Korea increased 0.8% from the previous year to 1.638 billion tons in 2019,...

Japan-South Korea container trade shrinks

It is estimated that container trade between Japan and South Korea contracted in 2019 compared to the previous year, suffering the first year-on-year decline...

S. Korea-China box traffic grows in 2019

The container trade between South Korea and China grew 5.1% from the previous year to 3,176,719 TEU in 2019, despite concerns over a decline...

South Korea’s export posts double-digit fall

South Korea's export posted a double-digit fall for the first time in 10 years in 2019 owing to external uncertainties such as the global...
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