SEOUL, June 9 (Korea Bizwire) — The airline industry, facing one of an almost existential crisis posed by the coronavirus, is making unexpected progress in the shipping sector. Korean Air Lines Co., the country’s top flag carrier, said Sunday that its international shipping in April reached 104.6 tons, up by 12 percent from last year. [...]
BUSAN, May 12 (Korea Bizwire) — Despite a worldwide drop in maritime trade following the coronavirus outbreak, the volume of transshipment cargo at the Port of Busan continues to increase. Operators at the Busan port reported that 977,000 transshipment containers were processed at the port’s nine piers in April, up 1.8 percent compared to the [...]
SEOUL, March 16 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest airline by sales, said Monday it has begun to use passenger jets to transport cargo on suspended routes amid the spreading coronavirus outbreak. Korean Air initially started to use grounded passenger aircraft to deliver cargo on routes to Ho Chi Minh City [...]
SEJONG, Aug. 1 (Korea Bizwire) – South Korea on Thursday unveiled a plan to inject 41.8 trillion won (US$35.2 billion) by 2040 to boost the country’s cargo-handling capacity at 12 ports across the country The investment would increase the capacity to 1.85 billion tons per year in 2040 from the 1.32 billion tons in 2017, [...]
SEOUL, Sept. 5 (Korea Bizwire) – Prosecutors said Tuesday they indicted two international auto shipping companies for fixing bid prices for sea transportations of Korean-made automobiles. Japan-based Nippon Yusen Kabushiki Kaisha, also known as the Japan Mail Shipping Line, and the Seoul-based multinational EUKOR Car Carriers Inc. have been charged with colluding with a few other firms [...]
CHUNGJU, South Korea, April 25 (Korea Bizwire) – Two people were injured after a cargo truck carrying paint for road lane marking overturned on the Jungbu Inland Expressway in central South Korea on Tuesday, police said. The 5-ton truck was involved in the accident on the southbound side of the expressway in the city of [...]
SEJONG, Jan. 25 (Korea Bizwire) – The volume of cargo processed at South Korea’s seaports reached a record high last year despite a global economic slump and the collapse of the country’s leading shipper, the government said Wednesday. Cargo handled at seaports across the nation totaled 1.5 billion tons in 2016, up 2.7 percent from [...]
SEJONG, Feb. 9 (Korea Bizwire) — South Korea will work to nearly double its exports via electronic trading this year, a move that will include support for some 20,000 products, the government said Monday. The plan was unveiled at the first meeting of online exporters hosted by the Ministry of Trade, Industry and Energy. “Exports [...]